lululemon athletica (NASDAQ:LULU) had its price objective boosted by investment analysts at BMO Capital Markets to $64.00 in a report released on Thursday, The Fly reports. The brokerage presently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ target price suggests a potential downside of 5.41% from the stock’s previous close.

Several other analysts also recently commented on LULU. Cowen reaffirmed an “outperform” rating and set a $68.00 price objective (up previously from $67.00) on shares of lululemon athletica in a research report on Friday, September 1st. Zacks Investment Research upgraded lululemon athletica from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research note on Thursday, August 17th. Credit Suisse Group set a $56.00 target price on lululemon athletica and gave the company a “hold” rating in a report on Friday, August 25th. Instinet reaffirmed a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of lululemon athletica in a report on Friday, September 1st. Finally, Robert W. Baird set a $70.00 price objective on lululemon athletica and gave the stock a “buy” rating in a report on Tuesday, August 29th. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $68.30.

lululemon athletica (NASDAQ:LULU) opened at $67.66 on Thursday. The firm has a market cap of $8,983.88, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 2.46 and a beta of 0.19. lululemon athletica has a one year low of $47.26 and a one year high of $72.70.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. lululemon athletica had a net margin of 11.68% and a return on equity of 22.51%. The business had revenue of $619.00 million for the quarter, compared to analyst estimates of $610.56 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. equities analysts predict that lululemon athletica will post 2.43 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank raised its position in shares of lululemon athletica by 1.0% in the 2nd quarter. Comerica Bank now owns 11,264 shares of the apparel retailer’s stock worth $699,000 after acquiring an additional 115 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of lululemon athletica by 5.9% in the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock worth $252,000 after acquiring an additional 237 shares in the last quarter. Bender Robert & Associates raised its position in shares of lululemon athletica by 0.4% in 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. Global X Management Co. LLC raised its position in shares of lululemon athletica by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after acquiring an additional 719 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in shares of lululemon athletica by 23.0% in the 2nd quarter. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer’s stock worth $311,000 after acquiring an additional 978 shares in the last quarter. 79.45% of the stock is owned by institutional investors and hedge funds.

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About lululemon athletica

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.

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