lululemon athletica inc. (NASDAQ:LULU) was upgraded by analysts at Bank of America Corporation from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, The Fly reports.

A number of other research analysts also recently weighed in on the company. Vetr upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $53.94 price target on the stock in a report on Monday, May 1st. Stifel Nicolaus set a $60.00 price target on lululemon athletica inc. and gave the company a “buy” rating in a report on Sunday, May 28th. Barclays PLC set a $85.00 price target on lululemon athletica inc. and gave the company a “buy” rating in a report on Saturday, June 3rd. Oppenheimer Holdings, Inc. set a $65.00 price target on lululemon athletica inc. and gave the company a “buy” rating in a report on Saturday, June 3rd. Finally, BidaskClub upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. lululemon athletica inc. presently has an average rating of “Hold” and a consensus price target of $64.82.

Shares of lululemon athletica inc. (NASDAQ LULU) opened at 58.13 on Monday. The company’s 50 day moving average price is $60.38 and its 200-day moving average price is $58.01. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $81.81. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 27.54 and a beta of 0.25.

lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. The business had revenue of $520.30 million for the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. Equities analysts expect that lululemon athletica inc. will post $2.34 EPS for the current fiscal year.

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In related news, Director Glenn Murphy acquired 97,728 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was bought at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the acquisition, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Glenmede Trust Co. NA increased its stake in shares of lululemon athletica inc. by 136.7% in the second quarter. Glenmede Trust Co. NA now owns 1,373 shares of the apparel retailer’s stock valued at $100,000 after buying an additional 793 shares during the period. Mizuho Asset Management Co. Ltd. increased its stake in lululemon athletica inc. by 128.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,360 shares of the apparel retailer’s stock worth $100,000 after buying an additional 765 shares during the last quarter. Van ECK Associates Corp increased its stake in lululemon athletica inc. by 2.9% in the fourth quarter. Van ECK Associates Corp now owns 1,609 shares of the apparel retailer’s stock worth $105,000 after buying an additional 46 shares during the last quarter. IHT Wealth Management LLC increased its stake in lululemon athletica inc. by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock worth $105,000 after buying an additional 1,182 shares during the last quarter. Finally, Exane Derivatives acquired a new stake in lululemon athletica inc. during the second quarter worth $106,000. Institutional investors and hedge funds own 80.64% 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.

The Fly

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

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