lululemon athletica (NASDAQ:LULU) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other equities research analysts have also recently issued reports on LULU. Vetr upgraded lululemon athletica from a “buy” rating to a “strong-buy” rating and set a $66.00 price target for the company in a research note on Monday, August 21st. Bank of America upgraded lululemon athletica from an “underperform” rating to a “buy” rating and boosted their price target for the company from $48.00 to $70.00 in a research note on Monday, August 21st. Cowen set a $67.00 price target on lululemon athletica and gave the company a “buy” rating in a research note on Monday, August 21st. Stifel Nicolaus reiterated a “hold” rating and issued a $66.00 price target on shares of lululemon athletica in a research note on Thursday, August 24th. Finally, Credit Suisse Group set a $56.00 price target on lululemon athletica and gave the company a “hold” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $70.15.

Shares of lululemon athletica (NASDAQ LULU) opened at $76.55 on Tuesday. The stock has a market capitalization of $10,264.44, a P/E ratio of 33.40, a P/E/G ratio of 2.48 and a beta of 0.19. lululemon athletica has a 12 month low of $47.26 and a 12 month high of $76.98.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. The business had revenue of $619.00 million during 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 firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share. equities analysts expect that lululemon athletica will post 2.48 EPS for the current fiscal year.

lululemon athletica declared that its Board of Directors has approved a share buyback plan on Wednesday, December 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the apparel retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of lululemon athletica by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock valued at $468,413,000 after acquiring an additional 233,035 shares during the last quarter. BlackRock Inc. lifted its stake in shares of lululemon athletica by 4.4% in the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after acquiring an additional 228,068 shares during the last quarter. HS Management Partners LLC lifted its stake in shares of lululemon athletica by 36.4% in the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after acquiring an additional 741,200 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of lululemon athletica by 16,053.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after acquiring an additional 2,598,364 shares during the last quarter. Finally, Eaton Vance Management bought a new position in shares of lululemon athletica in the 2nd quarter valued at $126,967,000. Institutional investors own 79.30% of the company’s stock.

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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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