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Lululemon Athletica inc. (NASDAQ:LULU) was downgraded by analysts at DA Davidson from a “buy” rating 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. DA Davidson’s target price points to a potential upside of 6.05% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “positive” rating on shares of Lululemon Athletica inc. in a research note on Friday, August 8th. Separately, 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. Finally, analysts at Oppenheimer cut their price target on shares of Lululemon Athletica inc. from $63.00 to $53.00 in a research note on Monday, June 16th. They now have an “outperform” rating on the stock. Sixteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.88.

Lululemon Athletica inc. (NASDAQ:LULU) opened at 41.49 on Thursday. Lululemon Athletica inc. has a one year low of $36.26 and a one year high of $77.75. The stock has a 50-day moving average of $39.25 and a 200-day moving average of $44.85. The company has a market cap of $6.035 billion and a price-to-earnings ratio of 24.23. Lululemon Athletica inc. also was the recipient of unusually large options trading on Monday. Traders bought 11,413 call options on the company. This represents an increase of approximately 170% compared to the typical daily volume of 4,230 call options.

Lululemon Athletica inc. (NASDAQ:LULU) last released its earnings data on Thursday, June 12th. The company reported $0.13 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.32 earnings per share. Lululemon Athletica inc.’s revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that Lululemon Athletica inc. will post $1.74 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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