lululemon athletica inc. (NASDAQ:LULU) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report released on Wednesday. They presently have a $63.40 target price on the apparel retailer’s stock. Vetr‘s price target would indicate a potential upside of 3.34% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Nomura decreased their price target on shares of lululemon athletica inc. from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, March 30th. MKM Partners restated a “buy” rating on shares of lululemon athletica inc. in a report on Thursday, March 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $64.00 target price on shares of lululemon athletica inc. in a research note on Thursday, March 30th. Mizuho reduced their target price on shares of lululemon athletica inc. from $78.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, March 30th. Finally, Instinet reduced their target price on shares of lululemon athletica inc. from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, March 30th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have given a buy rating to the company’s stock. lululemon athletica inc. currently has a consensus rating of “Hold” and a consensus target price of $64.48.

lululemon athletica inc. (NASDAQ LULU) traded up 3.32% during trading on Wednesday, reaching $61.35. 2,155,283 shares of the company’s stock were exchanged. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $81.81. The company’s 50 day moving average price is $55.48 and its 200-day moving average price is $58.93. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 29.06 and a beta of 0.24.

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

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In related news, Director Glenn Murphy purchased 97,728 shares of lululemon athletica inc. stock in a transaction that occurred on Monday, June 26th. The shares were acquired at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the transaction, the director now directly owns 100,344 shares in the company, valued at $5,569,092. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC increased 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 valued at $1,165,000 after buying an additional 3,944 shares during the period. First Mercantile Trust Co. increased 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 valued at $539,000 after buying an additional 400 shares during the period. Korea Investment CORP increased 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 valued at $2,428,000 after buying an additional 4,400 shares during the period. Mn Services Vermogensbeheer B.V. increased 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 valued at $142,000 after buying an additional 121 shares during the period. Finally, Rothschild Investment Corp IL increased 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 valued at $332,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 79.85% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

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

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