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Lululemon Athletica inc. (NASDAQ:LULU)‘s stock had its “positive” rating reiterated by research analysts at Canaccord Genuity in a report released on Tuesday, ARN reports. They currently have a $69.00 price objective on the stock. Canaccord Genuity’s price target indicates a potential upside of 33.44% from the company’s current price.

Lululemon Athletica inc. (NASDAQ:LULU) traded down 5.80% during mid-day trading on Tuesday, hitting $48.71. The stock had a trading volume of 2,122,380 shares. Lululemon Athletica inc. has a one year low of $44.32 and a one year high of $82.50. The stock’s 50-day moving average is $50.7 and its 200-day moving average is $58.99. The company has a market cap of $7.080 billion and a P/E ratio of 27.07.

Lululemon Athletica inc. (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.03. The company had revenue of $521.00 million for the quarter, compared to the consensus estimate of $516.80 million. During the same quarter last year, the company posted $0.75 earnings per share. Lululemon Athletica inc.’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Lululemon Athletica inc. will post $1.89 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on LULU. Analysts at Wedbush reiterated an “outperform” rating on shares of Lululemon Athletica inc. in a research note on Monday, March 31st. They now have a $64.00 price target on the stock, up previously from $54.00. Separately, analysts at Citigroup Inc. cut their price target on shares of Lululemon Athletica inc. from $65.00 to $61.00 in a research note on Friday, March 28th. Finally, analysts at Jefferies Group raised their price target on shares of Lululemon Athletica inc. from $45.00 to $50.00 in a research note on Friday, March 28th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.88.

lululemon athletica inc. is a designer and retailer of technical athletic apparel operating primarily in North America and Australia.

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