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Lululemon Athletica inc. (NASDAQ:LULU) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. They currently have a $40.00 target price on the stock, down from their previous target price of $64.00. Wedbush’s price objective would suggest a potential upside of 7.38% from the stock’s previous close.

A number of other analysts have also recently weighed in on LULU. 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. Separately, analysts at Robert W. Baird downgraded shares of Lululemon Athletica inc. from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $44.00 price target on the stock, down previously from $60.00. Finally, analysts at RBC Capital cut their price target on shares of Lululemon Athletica inc. from $56.00 to $52.00 in a research note on Friday. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Lululemon Athletica inc. has a consensus rating of “Hold” and an average price target of $49.16.

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’s 50-day moving average is $44.53 and its 200-day moving average is $51.42. The company has a market cap of $5.414 billion and a price-to-earnings ratio of 19.50. Lululemon Athletica inc. also was the recipient of some unusual options trading on Wednesday. Stock investors bought 37,791 put options on the company. This is an increase of 408% compared to the average volume of 7,441 put options.

Lululemon Athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results 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 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.

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