lululemon athletica inc. (NASDAQ:LULU) has been given a $67.00 target price by stock analysts at Cowen and Company in a research note issued on Monday. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Cowen and Company’s target price would suggest a potential upside of 12.72% from the stock’s current price.

LULU has been the subject of several other research reports. Vetr downgraded shares of lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $58.10 price objective for the company. in a research note on Monday, June 19th. Credit Suisse Group restated a “hold” rating and issued a $56.00 price objective on shares of lululemon athletica inc. in a research note on Wednesday, May 17th. Jefferies Group LLC set a $56.00 price objective on shares of lululemon athletica inc. and gave the company a “hold” rating in a research note on Friday, June 2nd. Bank of America Corporation restated an “underperform” rating and issued a $49.00 price objective (up previously from $46.00) on shares of lululemon athletica inc. in a research note on Monday, June 5th. Finally, Zacks Investment Research downgraded shares of lululemon athletica inc. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. lululemon athletica inc. currently has an average rating of “Hold” and a consensus target price of $65.37.

Shares of lululemon athletica inc. (NASDAQ LULU) traded up 0.39% during trading on Monday, reaching $59.67. The company had a trading volume of 749,703 shares. The firm has a 50-day moving average of $60.37 and a 200 day moving average of $57.83. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $81.81. The firm has a market capitalization of $8.16 billion, a PE ratio of 28.27 and a beta of 0.25.

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

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In other news, Director Glenn Murphy bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were purchased at an average price of $55.50 per share, for a total transaction of $5,550,000.00. Following the completion of the transaction, the director now owns 100,344 shares in the company, valued at $5,569,092. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC increased its position in lululemon athletica inc. by 1.9% in the first quarter. Penserra Capital Management LLC now owns 4,600 shares of the apparel retailer’s stock worth $238,000 after buying an additional 84 shares in the last quarter. Comerica Bank increased its position in lululemon athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock worth $588,000 after buying an additional 97 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in 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 in the last quarter. Great West Life Assurance Co. Can increased its position in lululemon athletica inc. by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 59,288 shares of the apparel retailer’s stock worth $3,072,000 after buying an additional 173 shares in the last quarter. Finally, Suntrust Banks Inc. increased its position in lululemon athletica inc. by 5.9% in the second quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock worth $252,000 after buying an additional 237 shares in the last quarter. 80.64% of the stock is currently owned by institutional investors.

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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