lululemon athletica (NASDAQ:LULU) had its target price lifted by analysts at Needham & Company LLC from $71.00 to $79.00 in a research note issued on Thursday, StockTargetPrices.com reports. The firm presently has a “buy” rating on the apparel retailer’s stock. Needham & Company LLC’s target price would indicate a potential upside of 16.76% from the company’s current price.

Other analysts also recently issued research reports about the stock. Vetr upgraded shares of lululemon athletica from a “hold” rating to a “buy” rating and set a $63.40 price objective for the company in a report on Thursday, August 10th. Robert W. Baird set a $70.00 price objective on shares of lululemon athletica and gave the stock a “buy” rating in a report on Tuesday, August 29th. Cowen set a $67.00 price objective on shares of lululemon athletica and gave the stock a “buy” rating in a report on Monday, August 21st. Bank of America upgraded shares of lululemon athletica from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $48.00 to $70.00 in a report on Monday, August 21st. Finally, Zacks Investment Research upgraded shares of lululemon athletica from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Thursday, August 17th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. lululemon athletica presently has an average rating of “Hold” and an average target price of $67.53.

Shares of lululemon athletica (NASDAQ:LULU) opened at $67.66 on Thursday. lululemon athletica has a 1-year low of $47.26 and a 1-year high of $72.70. The stock has a market cap of $8,983.88, a PE ratio of 30.44, a P/E/G ratio of 2.46 and a beta of 0.19.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $610.56 million. During the same quarter last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. analysts forecast that lululemon athletica will post 2.43 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in LULU. Janus Henderson Group PLC lifted its position in lululemon athletica by 16,053.2% during 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 purchasing an additional 2,598,364 shares during the last quarter. Eaton Vance Management bought a new stake in lululemon athletica during the second quarter valued at approximately $126,967,000. Lazard Asset Management LLC bought a new stake in lululemon athletica during the second quarter valued at approximately $94,181,000. HS Management Partners LLC lifted its position in lululemon athletica by 36.4% during the second quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after purchasing an additional 741,200 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in lululemon athletica by 145.9% during the second quarter. TIAA CREF Investment Management LLC now owns 1,153,948 shares of the apparel retailer’s stock valued at $68,856,000 after purchasing an additional 684,667 shares during the last quarter. Institutional investors and hedge funds own 79.45% of the company’s stock.

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lululemon athletica 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.

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