lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Friday. They presently have a $56.00 target price on the apparel retailer’s stock. Jefferies Group LLC’s price target would suggest a potential downside of 6.37% from the company’s current price.

Several other research analysts have also weighed in on the company. CIBC reaffirmed an “outperform” rating and set a $68.00 price target (up previously from $65.00) on shares of lululemon athletica inc. in a research report on Friday. Oppenheimer Holdings, Inc. boosted their price target on lululemon athletica inc. from $65.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday. Zacks Investment Research raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Tuesday. Robert W. Baird reaffirmed an “outperform” rating and set a $70.00 price target on shares of lululemon athletica inc. in a research report on Monday, July 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $64.00 price target on shares of lululemon athletica inc. in a research report on Friday, July 7th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $64.42.

Shares of lululemon athletica inc. (NASDAQ:LULU) traded up 0.81% during midday trading on Friday, reaching $59.81. The company’s stock had a trading volume of 841,766 shares. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 28.33 and a beta of 0.24. The company has a 50-day moving average price of $51.98 and a 200-day moving average price of $59.64. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $81.81.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The firm had revenue of $520.30 million for the quarter, compared to analyst estimates of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. Equities analysts expect that lululemon athletica inc. will post $2.33 earnings per share for the current year.

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In other news, Director Glenn Murphy bought 97,728 shares of the stock in a transaction on Monday, June 26th. The stock was acquired at an average price of $55.50 per share, with a total value of $5,423,904.00. Following the acquisition, the director now directly owns 100,344 shares in the company, valued at $5,569,092. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in shares of lululemon athletica inc. by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 22,469 shares of the apparel retailer’s stock worth $1,165,000 after buying an additional 3,944 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of lululemon athletica inc. by 4.0% in the first quarter. First Mercantile Trust Co. now owns 10,400 shares of the apparel retailer’s stock worth $539,000 after buying an additional 400 shares during the last quarter. Korea Investment CORP boosted its position in shares of lululemon athletica inc. by 10.4% in the first quarter. Korea Investment CORP now owns 46,800 shares of the apparel retailer’s stock worth $2,428,000 after buying an additional 4,400 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock worth $142,000 after buying an additional 121 shares during the last quarter. Finally, Rothschild Investment Corp IL boosted its position in shares of lululemon athletica inc. by 8.5% in the first quarter. Rothschild Investment Corp IL now owns 6,400 shares of the apparel retailer’s stock worth $332,000 after buying an additional 500 shares during the last quarter. 79.78% of the stock is owned by institutional investors and hedge funds.

lululemon athletica inc. Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

Analyst Recommendations for lululemon athletica inc. (NASDAQ:LULU)

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