Lululemon Athletica inc. (NASDAQ:LULU)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $179.34 and traded as high as $190.43. Lululemon Athletica shares last traded at $188.86, with a volume of 26,649 shares traded.

LULU has been the topic of several analyst reports. Royal Bank of Canada reissued an “equal weight” rating on shares of Lululemon Athletica in a research note on Friday, June 14th. Bank of America set a $64.00 price objective on Verizon Communications and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Oppenheimer boosted their price objective on Paycom Software from $175.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Macquarie raised Planet Fitness from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $64.00 to $85.00 in a research note on Tuesday, May 7th. Finally, UBS Group cut JinkoSolar from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $22.00 to $25.00 in a research note on Monday, June 17th. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Lululemon Athletica presently has an average rating of “Buy” and a consensus price target of $190.34.

The stock has a market capitalization of $24.67 billion, a P/E ratio of 48.94, a P/E/G ratio of 2.20 and a beta of 0.64. The stock has a 50 day moving average of $179.34. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $782.30 million during the quarter, compared to analyst estimates of $755.92 million. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. Lululemon Athletica’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. Sell-side analysts predict that Lululemon Athletica inc. will post 4.7 EPS for the current fiscal year.

Lululemon Athletica announced that its Board of Directors has approved a stock repurchase plan on Wednesday, March 27th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the apparel retailer to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, Director David M. Mussafer sold 4,484 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total transaction of $834,472.40. Following the completion of the sale, the director now owns 18,947 shares in the company, valued at approximately $3,526,036.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Lululemon Athletica by 16.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,799 shares of the apparel retailer’s stock valued at $1,442,000 after purchasing an additional 1,259 shares during the last quarter. Chartwell Investment Partners LLC raised its stake in Lululemon Athletica by 4.9% in the 1st quarter. Chartwell Investment Partners LLC now owns 3,269 shares of the apparel retailer’s stock worth $536,000 after acquiring an additional 153 shares during the last quarter. Belpointe Asset Management LLC raised its stake in Lululemon Athletica by 18.5% in the 1st quarter. Belpointe Asset Management LLC now owns 1,825 shares of the apparel retailer’s stock worth $299,000 after acquiring an additional 285 shares during the last quarter. Nippon Life Global Investors Americas Inc. raised its stake in Lululemon Athletica by 15.3% in the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 21,800 shares of the apparel retailer’s stock worth $3,572,000 after acquiring an additional 2,890 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Lululemon Athletica by 7.0% in the 1st quarter. Northern Trust Corp now owns 778,125 shares of the apparel retailer’s stock worth $127,511,000 after acquiring an additional 50,701 shares during the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Lululemon Athletica Company Profile (NASDAQ:LULU)

lululemon athletica inc., 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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