Lululemon Athletica (NASDAQ:LULU) had its price target lifted by Morgan Stanley from $133.00 to $138.00 in a research note released on Friday. Morgan Stanley currently has an equal weight rating on the apparel retailer’s stock.

LULU has been the subject of several other reports. Royal Bank of Canada lifted their target price on shares of Lululemon Athletica from $160.00 to $185.00 and gave the stock an outperform rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. ValuEngine cut shares of Lululemon Athletica from a strong-buy rating to a buy rating in a report on Wednesday, November 21st. CIBC lifted their target price on shares of Lululemon Athletica from $180.00 to $190.00 and gave the stock an outperform rating in a report on Thursday, September 27th. Wells Fargo & Co set a $144.00 target price on shares of Lululemon Athletica and gave the stock a hold rating in a report on Friday, August 31st. They noted that the move was a valuation call. Finally, Robert W. Baird lifted their target price on shares of Lululemon Athletica from $170.00 to $190.00 and gave the stock a positive rating in a report on Wednesday, October 3rd. Thirteen analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $157.67.

NASDAQ LULU traded down $17.57 during trading hours on Friday, reaching $113.87. 8,045,949 shares of the company’s stock traded hands, compared to its average volume of 2,213,774. Lululemon Athletica has a 52-week low of $72.13 and a 52-week high of $164.79. The stock has a market cap of $17.40 billion, a P/E ratio of 43.97, a price-to-earnings-growth ratio of 1.90 and a beta of 0.37.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 6th. The apparel retailer reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Lululemon Athletica had a net margin of 12.63% and a return on equity of 29.73%. The company had revenue of $747.70 million during the quarter, compared to analysts’ expectations of $736.10 million. During the same period last year, the company posted $0.56 EPS. Lululemon Athletica’s revenue was up 20.8% on a year-over-year basis. On average, research analysts anticipate that Lululemon Athletica will post 3.59 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LULU. Cornerstone Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the second quarter valued at approximately $198,000. Aperio Group LLC grew its position in Lululemon Athletica by 47.8% during the second quarter. Aperio Group LLC now owns 24,454 shares of the apparel retailer’s stock valued at $3,053,000 after buying an additional 7,914 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Lululemon Athletica during the second quarter valued at approximately $200,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in Lululemon Athletica by 11.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 341,774 shares of the apparel retailer’s stock valued at $42,670,000 after buying an additional 34,572 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Lululemon Athletica during the second quarter valued at approximately $3,883,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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