Lululemon Athletica (NASDAQ:LULU) had its price objective upped by SunTrust Banks to $90.00 in a report published on Tuesday morning, The Fly reports. They currently have a buy rating on the apparel retailer’s stock. SunTrust Banks also issued estimates for Lululemon Athletica’s Q4 2018 earnings at $1.27 EPS, FY2018 earnings at $2.53 EPS and FY2019 earnings at $2.96 EPS.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Lululemon Athletica from a hold rating to a buy rating and set a $68.00 price objective for the company in a report on Monday, September 18th. Needham & Company LLC set a $69.00 price objective on shares of Lululemon Athletica and gave the company a buy rating in a report on Monday, October 16th. Robert W. Baird restated a buy rating and issued a $72.00 price objective on shares of Lululemon Athletica in a report on Wednesday, October 4th. Citigroup upgraded shares of Lululemon Athletica from a neutral rating to a buy rating and dropped their price objective for the company from $61.50 to $60.09 in a report on Friday, October 20th. Finally, Cowen restated a buy rating and issued a $68.00 price objective on shares of Lululemon Athletica in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Lululemon Athletica currently has an average rating of Hold and a consensus price target of $72.71.

Shares of Lululemon Athletica (NASDAQ LULU) traded down $0.65 during mid-day trading on Tuesday, hitting $78.86. 1,141,523 shares of the company were exchanged, compared to its average volume of 2,120,000. The firm has a market capitalization of $10,680.00, a PE ratio of 39.23, a P/E/G ratio of 2.51 and a beta of 0.19. Lululemon Athletica has a 52-week low of $47.26 and a 52-week high of $81.92.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The firm had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. sell-side analysts expect that Lululemon Athletica will post 2.48 earnings per share for the current year.

Lululemon Athletica declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the apparel retailer to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 591.0% in the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 1,182 shares in the last quarter. Zions Bancorporation boosted its holdings in shares of Lululemon Athletica by 183.2% in the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after buying an additional 1,356 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $156,000. Oakbrook Investments LLC acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $202,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Lululemon Athletica in the 3rd quarter valued at $232,000. Institutional investors and hedge funds own 79.31% of the company’s stock.

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Lululemon Athletica Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

The Fly

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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