lululemon athletica (NASDAQ:LULU) received a $70.00 price objective from stock analysts at Wells Fargo & Company in a report issued on Thursday. The firm currently has a “hold” rating on the apparel retailer’s stock. Wells Fargo & Company’s price target would indicate a potential downside of 3.78% from the stock’s previous close.

A number of other equities analysts also recently commented on the stock. Cowen reaffirmed a “buy” rating and set a $78.00 price target (up from $68.00) on shares of lululemon athletica in a research note on Thursday. B. Riley upped their price target on shares of lululemon athletica from $55.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday. Stifel Nicolaus upped their price target on shares of lululemon athletica from $66.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $79.00 price target on shares of lululemon athletica in a research note on Thursday. Finally, Canaccord Genuity raised shares of lululemon athletica from a “sell” rating to a “hold” rating and upped their price target for the stock from $43.00 to $70.00 in a research note on Thursday. Four 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. lululemon athletica currently has a consensus rating of “Hold” and an average target price of $69.93.

Shares of lululemon athletica (NASDAQ:LULU) traded up $0.74 during trading on Thursday, reaching $72.75. 277,214 shares of the company’s stock were exchanged, compared to its average volume of 2,641,762. The stock has a market cap of $9,159.88, a P/E ratio of 29.81, a P/E/G ratio of 2.50 and a beta of 0.19. lululemon athletica has a 52 week low of $47.26 and a 52 week high of $73.84.

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. The company had revenue of $619.00 million during the quarter, compared to the consensus estimate of $610.56 million. lululemon athletica had a net margin of 10.96% and a return on equity of 22.74%. lululemon athletica’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. sell-side analysts predict that lululemon athletica will post 2.43 EPS for the current fiscal year.

lululemon athletica declared that its board has approved a share repurchase program on Wednesday, December 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the apparel retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional investors have recently added to or reduced their stakes in the business. Korea Investment CORP lifted its stake in lululemon athletica by 12.5% in the third quarter. Korea Investment CORP now owns 410,800 shares of the apparel retailer’s stock valued at $25,572,000 after buying an additional 45,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of lululemon athletica by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 314,404 shares of the apparel retailer’s stock valued at $18,760,000 after buying an additional 29,880 shares during the last quarter. Crystal Rock Capital Management acquired a new stake in shares of lululemon athletica during the 2nd quarter valued at about $2,418,000. APG Asset Management N.V. lifted its holdings in shares of lululemon athletica by 6.2% during the 3rd quarter. APG Asset Management N.V. now owns 177,188 shares of the apparel retailer’s stock valued at $11,030,000 after buying an additional 10,300 shares during the last quarter. Finally, ETRADE Capital Management LLC acquired a new stake in shares of lululemon athletica during the 3rd quarter valued at about $252,000. 79.45% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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