lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “outperform” rating reiterated by investment analysts at Oppenheimer Holdings, Inc. in a research note issued on Tuesday. They presently have a $68.00 price target on the apparel retailer’s stock. Oppenheimer Holdings, Inc.’s price objective points to a potential upside of 7.41% from the stock’s previous close.

LULU has been the subject of several other research reports. Canaccord Genuity set a $41.00 target price on shares of lululemon athletica inc. and gave the stock a “sell” rating in a research note on Tuesday, August 29th. Vetr lowered shares of lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $58.10 target price for the company. in a research note on Monday, June 19th. Cowen and Company reaffirmed an “outperform” rating and set a $68.00 target price (up previously from $67.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Zacks Investment Research raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Wednesday, September 6th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $59.00 target price on shares of lululemon athletica inc. in a research note on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $65.76.

lululemon athletica inc. (NASDAQ:LULU) traded up 2.20% during trading on Tuesday, hitting $63.31. 1,569,426 shares of the company were exchanged. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 30.56 and a beta of 0.20. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $72.70. The stock’s 50-day moving average is $60.39 and its 200-day moving average is $56.58.

lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The firm had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $567.40 million. During the same period last year, the business earned $0.38 earnings per share. lululemon athletica inc.’s revenue was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that lululemon athletica inc. will post $2.41 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of lululemon athletica inc. by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock worth $468,413,000 after purchasing an additional 233,035 shares in the last quarter. BlackRock Inc. boosted its position in shares of lululemon athletica inc. by 4.4% during the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock worth $320,629,000 after purchasing an additional 228,068 shares in the last quarter. HS Management Partners LLC boosted its position in shares of lululemon athletica inc. by 36.4% during the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after purchasing an additional 741,200 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of lululemon athletica inc. by 16,053.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock worth $156,010,000 after purchasing an additional 2,598,364 shares in the last quarter. Finally, Eaton Vance Management purchased a new stake in shares of lululemon athletica inc. during the 2nd quarter worth $126,967,000. Institutional investors own 80.43% 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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