lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “sell” rating reiterated by Canaccord Genuity in a research report issued to clients and investors on Friday. They currently have a $43.00 price objective on the apparel retailer’s stock. Canaccord Genuity’s target price would indicate a potential downside of 26.04% from the company’s current price.

The analysts wrote, “We believe this analogy describes the unfolding trend shift from athletic apparel to denim. In the third installment of our LULU survey, we saw a decline in LULU customers’ purchase intent of yoga leggings. In fact, wave #3 of our survey showed the most significant deterioration of metrics to date, thus further supporting our SELL thesis and the risks that LULU faces from shifting fashion trends and increasing competition. The combination of declining purchase intent, increasing signals of denim gaining traction, peaking margins, and a more focused Athleta creates a risk/reward that skews heavily downward, in our opinion. We are also witnessing some shifts in brand preferences away from Nike and Under Armour, and in favor of Athleta.””

LULU has been the topic of several other reports. Jefferies Group LLC set a $56.00 price target on shares of lululemon athletica inc. and gave the stock a “hold” rating in a report on Friday, June 2nd. Cowen and Company reaffirmed an “outperform” rating and issued a $68.00 price target (up from $67.00) on shares of lululemon athletica inc. in a report on Friday, September 1st. Zacks Investment Research raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Thursday, August 17th. Credit Suisse Group set a $56.00 price objective on shares of lululemon athletica inc. and gave the company a “hold” rating in a report on Friday, August 25th. Finally, UBS AG reissued a “neutral” rating and set a $54.00 price objective (down from $57.00) on shares of lululemon athletica inc. in a report on Tuesday, May 30th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $65.71.

lululemon athletica inc. (LULU) traded down 0.78% during mid-day trading on Friday, hitting $58.14. The company had a trading volume of 1,513,758 shares. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $72.70. The firm has a market capitalization of $7.87 billion, a PE ratio of 28.06 and a beta of 0.22. The company has a 50 day moving average of $60.45 and a 200 day moving average of $56.95.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. lululemon athletica inc.’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Analysts predict that lululemon athletica inc. will post $2.41 earnings per share for the current fiscal year.

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In other news, Director Glenn Murphy acquired 97,728 shares of lululemon athletica inc. stock in a transaction dated Monday, June 26th. The shares were acquired at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the acquisition, the director now owns 100,344 shares of the company’s stock, valued at $5,569,092. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank raised its holdings in shares of lululemon athletica inc. by 0.9% in the 1st quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock valued at $588,000 after purchasing an additional 97 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of lululemon athletica inc. by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 59,288 shares of the apparel retailer’s stock valued at $3,072,000 after purchasing an additional 173 shares in the last quarter. Suntrust Banks Inc. raised its holdings in shares of lululemon athletica inc. by 5.9% in the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after purchasing an additional 237 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in lululemon athletica inc. by 5.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,851 shares of the apparel retailer’s stock worth $303,000 after acquiring an additional 287 shares in the last quarter. Finally, Bender Robert & Associates raised its stake in lululemon athletica inc. by 0.4% during the 2nd quarter. Bender Robert & Associates now owns 84,141 shares of the apparel retailer’s stock worth $5,021,000 after acquiring an additional 302 shares in the last quarter. Institutional investors and hedge funds own 79.45% 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.

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

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