lululemon athletica (NASDAQ:LULU)‘s stock had its “buy” rating reiterated by investment analysts at Susquehanna Bancshares in a research report issued to clients and investors on Thursday. They currently have a $85.00 target price on the apparel retailer’s stock. Susquehanna Bancshares’ price target indicates a potential upside of 12.11% from the company’s current price.

Several other brokerages have also recently commented on LULU. Deutsche Bank upgraded lululemon athletica from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday. Jefferies Group reiterated a “hold” rating on shares of lululemon athletica in a report on Friday, December 8th. Zacks Investment Research upgraded lululemon athletica from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Monday, December 11th. KeyCorp reiterated a “hold” rating on shares of lululemon athletica in a report on Thursday, December 7th. Finally, Morgan Stanley reiterated a “hold” rating and issued a $69.00 price target on shares of lululemon athletica in a report on Thursday, December 7th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $70.15.

Shares of lululemon athletica (LULU) opened at $75.82 on Thursday. The company has a market capitalization of $10,240.00, a price-to-earnings ratio of 32.68, a PEG ratio of 2.42 and a beta of 0.19. lululemon athletica has a 1-year low of $47.26 and a 1-year high of $76.01.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.52 by $0.04. The company had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. lululemon athletica had a return on equity of 22.52% and a net margin of 10.96%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. equities analysts forecast that lululemon athletica will post 2.48 earnings per share for the current fiscal year.

lululemon athletica declared that its board has authorized a stock repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Large investors have recently added to or reduced their stakes in the business. IHT Wealth Management LLC lifted its stake in lululemon athletica by 591.0% in the second 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 during the period. Zions Bancorporation raised its position in shares of lululemon athletica by 183.2% during the third quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after purchasing an additional 1,356 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in shares of lululemon athletica during the third quarter worth about $156,000. Global X Management Co. LLC raised its position in shares of lululemon athletica by 39.7% during the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after purchasing an additional 719 shares during the period. Finally, Oakbrook Investments LLC acquired a new stake in shares of lululemon athletica during the third quarter worth about $202,000. 79.45% of the stock is currently owned by hedge funds and other institutional investors.

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About lululemon athletica

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.

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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