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Lululemon Athletica inc. (NASDAQ:LULU) was downgraded by analysts at Davidson to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a $44.00 price target on the stock, down from their previous price target of $46.00. Davidson’s price objective indicates a potential upside of 8.40% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at DA Davidson downgraded shares of Lululemon Athletica inc. from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $44.00 price target on the stock, down previously from $46.00. Separately, analysts at Deutsche Bank reiterated a “positive” rating on shares of Lululemon Athletica inc. in a research note on Friday, August 8th. Finally, analysts at Susquehanna initiated coverage on shares of Lululemon Athletica inc. in a research note on Thursday, July 31st. They set a “positive” rating and a $49.00 price target on the stock. Seventeen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.79.

Lululemon Athletica inc. (NASDAQ:LULU) traded down 2.17% on Thursday, hitting $40.59. The stock had a trading volume of 1,787,397 shares. Lululemon Athletica inc. has a one year low of $36.26 and a one year high of $77.75. The stock’s 50-day moving average is $39.25 and its 200-day moving average is $44.85. The company has a market cap of $5.904 billion and a price-to-earnings ratio of 24.12. Lululemon Athletica inc. also saw some unusual options trading on Monday. Investors bought 11,413 call options on the company. This represents an increase of 170% compared to the typical volume of 4,230 call options.

Lululemon Athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results 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. Analysts expect that Lululemon Athletica inc. will post $1.74 EPS 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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