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Equities researchers at KeyCorp decreased their price target on shares of Lululemon Athletica inc. (NASDAQ:LULU) from $73.00 to $55.00 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. KeyCorp’s price target would suggest a potential upside of 47.65% from the company’s current price.

Shares of Lululemon Athletica inc. (NASDAQ:LULU) traded down 0.89% on Friday, hitting $36.92. The stock had a trading volume of 8,001,968 shares. Lululemon Athletica inc. has a 52 week low of $37.00 and a 52 week high of $77.75. The stock’s 50-day moving average is $44.53 and its 200-day moving average is $51.42. The company has a market cap of $5.366 billion and a P/E ratio of 19.50. Lululemon Athletica inc. also was the recipient of some unusual options trading on Wednesday. Stock traders purchased 37,791 put options on the company. This represents an increase of 408% compared to the average daily 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.

A number of other firms have also recently commented on LULU. Analysts at Canaccord Genuity downgraded shares of Lululemon Athletica inc. from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $42.00 price target on the stock, down previously from $69.00. Separately, analysts at Citigroup Inc. downgraded shares of Lululemon Athletica inc. from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, analysts at Stifel Nicolaus downgraded shares of Lululemon Athletica inc. from a “buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $49.16.

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

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