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Lululemon Athletica inc. (NASDAQ:LULU) has received an average recommendation of “Hold” from the twenty-nine ratings firms that are currently covering the company, Analyst RN reports. Seventeen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $46.79.

A number of analysts have recently weighed in on LULU shares. Analysts at Davidson downgraded shares of Lululemon Athletica inc. 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 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. Finally, analysts at Deutsche Bank reiterated a “positive” rating on shares of Lululemon Athletica inc. in a research note on Friday, August 8th.

Lululemon Athletica inc. (NASDAQ:LULU) opened at 39.93 on Tuesday. Lululemon Athletica inc. has a 52 week low of $36.26 and a 52 week high of $77.75. The stock has a 50-day moving average of $39.25 and a 200-day moving average of $44.76. The company has a market cap of $5.808 billion and a price-to-earnings ratio of 23.60. Lululemon Athletica inc. also was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 24,405,289 shares, a drop of 9.7% from the July 31st total of 27,022,914 shares. Approximately 23.3% of the shares of the stock are short sold. Based on an average daily volume of 2,545,452 shares, the short-interest ratio is presently 9.6 days.

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