lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “hold” rating restated by research analysts at BMO Capital Markets in a research report issued on Thursday. They currently have a $55.00 price target on the apparel retailer’s stock. BMO Capital Markets’ price target indicates a potential downside of 10.58% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $64.00 price objective on shares of lululemon athletica inc. in a research report on Friday, July 7th. BidaskClub upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Needham & Company LLC started coverage on lululemon athletica inc. in a research report on Tuesday, July 18th. They set a “buy” rating and a $67.00 price objective on the stock. Finally, Vetr upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 price objective on the stock in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $65.67.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. The firm 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 company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS.

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A number of institutional investors have recently made changes to their positions in LULU. Lone Pine Capital LLC acquired a new stake in lululemon athletica inc. in the fourth quarter valued at approximately $333,087,000. Jennison Associates LLC grew its stake in lululemon athletica inc. by 761.4% in the second quarter. Jennison Associates LLC now owns 6,234,712 shares of the apparel retailer’s stock valued at $460,496,000 after acquiring an additional 5,510,939 shares during the period. BlackRock Inc. grew its stake in lululemon athletica inc. by 4,791.0% in the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock valued at $266,888,000 after acquiring an additional 5,040,109 shares during the period. Janus Henderson Group PLC grew its stake in lululemon athletica inc. by 16,053.2% in the second quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after acquiring an additional 2,598,364 shares during the period. Finally, Eaton Vance Management acquired a new stake in lululemon athletica inc. in the second quarter valued at approximately $126,967,000. 80.29% of the stock is owned by hedge funds and other institutional investors.

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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