lululemon athletica inc. (NASDAQ:LULU) has been given a $43.00 price objective by equities research analysts at Canaccord Genuity in a research note issued on Monday. The firm currently has a “sell” rating on the apparel retailer’s stock. Canaccord Genuity’s target price would indicate a potential downside of 26.10% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut lululemon athletica inc. from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. SunTrust Banks, Inc. set a $69.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a report on Monday. BMO Capital Markets set a $55.00 target price on lululemon athletica inc. and gave the company a “hold” rating in a report on Tuesday, August 8th. Vetr upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 target price on the stock in a report on Thursday, August 10th. Finally, BidaskClub cut lululemon athletica inc. from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $65.82.

Shares of lululemon athletica inc. (NASDAQ:LULU) traded up 1.49% during trading on Monday, hitting $59.07. The stock had a trading volume of 2,533,112 shares. The company has a market cap of $8.00 billion, a PE ratio of 28.51 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 $60.57 and its 200-day moving average is $56.49.

lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The firm had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. During the same quarter last year, the firm earned $0.38 earnings per share. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. Analysts forecast that lululemon athletica inc. will post $2.41 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank lifted 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 purchasing an additional 97 shares during the period. Suntrust Banks Inc. lifted 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 purchasing an additional 237 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in lululemon athletica inc. by 5.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,851 shares of the apparel retailer’s stock worth $303,000 after purchasing an additional 287 shares during the period. Bender Robert & Associates lifted its position in lululemon athletica inc. by 0.4% in the second quarter. Bender Robert & Associates now owns 84,141 shares of the apparel retailer’s stock worth $5,021,000 after purchasing an additional 302 shares during the period. Finally, AXA lifted its position in lululemon athletica inc. by 4.1% in the first quarter. AXA now owns 10,129 shares of the apparel retailer’s stock worth $525,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 80.34% of the company’s stock.

About lululemon athletica inc.

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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