Shares of lululemon athletica inc. (NASDAQ:LULU) have received an average recommendation of “Hold” from the forty-one brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, twenty have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $64.37.

Several analysts have recently commented on LULU shares. Vetr lowered shares of lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $58.10 price target on the stock. in a research report on Wednesday, June 28th. BidaskClub upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. BMO Capital Markets set a $55.00 price target on shares of lululemon athletica inc. and gave the stock a “hold” rating in a research note on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and issued a $64.00 price target on shares of lululemon athletica inc. in a research note on Friday, July 7th. Finally, Robert W. Baird restated an “outperform” rating and issued a $70.00 price target on shares of lululemon athletica inc. in a research note on Monday, July 10th.

Hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC grew 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 purchasing an additional 1,182 shares in the last quarter. Exane Derivatives bought a new stake in lululemon athletica inc. during the 2nd quarter valued at $106,000. Global X Management Co. LLC boosted its position in lululemon athletica inc. by 39.7% during the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after acquiring an additional 719 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in lululemon athletica inc. by 40.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Oakbrook Investments LLC bought a new stake in lululemon athletica inc. during the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 80.18% of the company’s stock.

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Shares of lululemon athletica inc. (NASDAQ LULU) opened at 61.87 on Wednesday. The company has a 50 day moving average price of $60.83 and a 200-day moving average price of $57.01. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70. The stock has a market capitalization of $8.38 billion, a P/E ratio of 29.86 and a beta of 0.20.

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, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. On average, analysts predict that lululemon athletica inc. will post $2.41 earnings per share for the current fiscal year.

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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