Share on StockTwits

Lululemon Athletica inc. (NASDAQ:LULU) was downgraded by Canaccord Genuity from a “buy” rating to a “hold” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. They currently have a $42.00 price target on the stock, down from their previous price target of $69.00. Canaccord Genuity’s target price points to a potential upside of 12.75% from the company’s current price.

A number of other analysts have also recently weighed in on LULU. Analysts at Citigroup Inc. downgraded shares of Lululemon Athletica inc. from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $40.00 price target on the stock. Separately, analysts at Stifel Nicolaus downgraded shares of Lululemon Athletica inc. from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, analysts at William Blair downgraded shares of Lululemon Athletica inc. from an “outperform” rating to a “market perform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company’s stock. Lululemon Athletica inc. currently has an average rating of “Hold” and an average target price of $48.81.

Lululemon Athletica inc. (NASDAQ:LULU) traded up 0.21% on Friday, hitting $37.3275. The stock had a trading volume of 11,108,205 shares. Lululemon Athletica inc. has a 52 week low of $37.00 and a 52 week high of $77.75. The stock has a 50-day moving average of $44.53 and a 200-day moving average of $51.42. The company has a market cap of $5.426 billion and a P/E ratio of 19.50. Lululemon Athletica inc. also was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 37,791 put options on the stock. This represents an increase of approximately 408% compared to the typical volume of 7,441 put options.

Lululemon Athletica inc. (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, June 12th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.19. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $381.21 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. On average, analysts predict that Lululemon Athletica inc. will post $1.90 earnings per share for the current fiscal year.

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

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.