lululemon athletica inc. (NASDAQ:LULU) had its price objective boosted by Susquehanna Bancshares Inc from $60.00 to $64.00 in a research note published on Tuesday morning. They currently have a neutral rating on the apparel retailer’s stock.

Other analysts have also issued reports about the stock. Vetr lowered shares of lululemon athletica inc. from a strong-buy rating to a buy rating and set a $58.10 price objective for the company. in a research note on Monday, June 19th. Cowen and Company set a $67.00 price objective on shares of lululemon athletica inc. and gave the company a buy rating in a research note on Monday, August 21st. Credit Suisse Group reaffirmed a hold rating and set a $56.00 price objective on shares of lululemon athletica inc. in a research note on Wednesday, May 17th. Jefferies Group LLC set a $56.00 price objective on shares of lululemon athletica inc. and gave the company a hold rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $66.00 price objective on shares of lululemon athletica inc. in a research note on Thursday, August 24th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. lululemon athletica inc. presently has an average rating of Hold and a consensus target price of $65.66.

lululemon athletica inc. (NASDAQ LULU) opened at 61.3659 on Tuesday. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 29.0696 and a beta of 0.25. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70. The stock has a 50 day moving average of $60.41 and a 200-day moving average of $57.53. lululemon athletica inc. also saw some unusual options trading activity on Tuesday. Traders acquired 13,238 call options on the stock. This represents an increase of approximately 195% compared to the typical volume of 4,485 call options.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.54%. The company had revenue of $581.10 million during the quarter, compared to analyst estimates of $567.40 million. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts expect that lululemon athletica inc. will post $2.35 EPS for the current year.

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In other news, Director Glenn Murphy bought 97,728 shares of lululemon athletica inc. stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average cost of $55.50 per share, with a total value of $5,423,904.00. Following the completion of the transaction, the director now directly owns 100,344 shares in the company, valued at $5,569,092. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of LULU. IHT Wealth Management LLC boosted its position in shares of lululemon athletica inc. 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. Exane Derivatives purchased a new position in shares of lululemon athletica inc. during the second quarter valued at approximately $106,000. Global X Management Co. LLC boosted its position in shares of lululemon athletica inc. by 39.7% in the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after buying an additional 719 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 121 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of lululemon athletica inc. by 40.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after buying an additional 1,000 shares during the period. 79.56% of the stock is owned by hedge funds and other institutional investors.

lululemon athletica inc. 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.

Analyst Recommendations for lululemon athletica inc. (NASDAQ:LULU)

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