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Investment analysts at Sterne Agee cut their target price on shares of Lululemon (NASDAQ:LULU) from $47.00 to $43.00 in a note issued to investors on Tuesday, Analyst RN reports. The firm currently has an “underperform” rating on the stock. Sterne Agee’s target price indicates a potential downside of 10.14% from the company’s current price.

Lululemon (NASDAQ:LULU) traded up 0.76% on Tuesday, hitting $47.85. The stock had a trading volume of 5,208,129 shares. Lululemon has a 52-week low of $47.15 and a 52-week high of $82.50. The stock has a 50-day moving average of $60.36 and a 200-day moving average of $67.94. The company has a market cap of $6.948 billion and a P/E ratio of 24.99. Lululemon also saw some unusual options trading activity on Monday. Investors bought 17,385 put options on the company. This represents an increase of 105% compared to the typical daily volume of 8,496 put options.

Lululemon (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, December 12th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.04. The company had revenue of $379.90 million for the quarter, compared to the consensus estimate of $376.20 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. On average, analysts predict that Lululemon will post $1.91 earnings per share for the current fiscal year.

A number of other firms have also recently commented on LULU. Analysts at ISI Group downgraded shares of Lululemon from a “strong-buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $50.00 price target on the stock, down previously from $80.00. Separately, analysts at Wedbush cut their price target on shares of Lululemon from $68.00 to $55.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Davidson cut their price target on shares of Lululemon from $73.00 to $64.00 in a research note to investors on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Lululemon currently has an average rating of “Hold” and an average price target of $67.63.

Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.

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