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Analysts at Telsey Advisory Group lowered their target price on shares of Lululemon Athletica inc. (NASDAQ:LULU) from $61.00 to $45.00 in a research report issued to clients and investors on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 20.81% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Lululemon Athletica inc. from an “underweight” rating to an “equal weight” rating in a research note on Friday. They now have a $28.00 price target on the stock, up previously from $24.00. Separately, analysts at Wedbush downgraded shares of Lululemon Athletica inc. from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $40.00 price target on the stock, down previously from $64.00. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Lululemon Athletica inc. from an “overweight” rating to a “neutral” rating in a research note on Friday. They now have a $42.00 price target on the stock, down previously from $56.00. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $49.16.

Shares of Lululemon Athletica inc. (NASDAQ:LULU) opened at 37.25 on Friday. Lululemon Athletica inc. has a one year low of $37.00 and a one year 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 $5.414 billion and a P/E ratio of 19.50. Lululemon Athletica inc. also saw some unusual options trading activity on Wednesday. Stock traders bought 37,791 put options on the company. This is an increase of approximately 408% compared to the typical 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 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter 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.

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