lululemon athletica (NASDAQ:LULU)‘s stock had its “in-line” rating reissued by Robert W. Baird in a report released on Thursday, The Fly reports. They currently have a $82.00 price objective on the apparel retailer’s stock, up from their previous price objective of $72.00. Robert W. Baird’s price target points to a potential upside of 21.19% from the company’s current price.

A number of other equities analysts have also recently commented on the company. B. Riley reiterated a “neutral” rating on shares of lululemon athletica in a report on Wednesday, November 1st. Stifel Nicolaus lifted their target price on lululemon athletica from $66.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday. Canaccord Genuity raised lululemon athletica from a “sell” rating to a “hold” rating and set a $44.00 target price for the company in a research report on Thursday. Needham & Company LLC boosted their target price on lululemon athletica from $71.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $79.00 price target on shares of lululemon athletica in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.30.

Shares of lululemon athletica (NASDAQ:LULU) opened at $67.66 on Thursday. The stock has a market capitalization of $8,983.88, a P/E ratio of 30.44, a P/E/G ratio of 2.46 and a beta of 0.19. lululemon athletica has a 12 month low of $47.26 and a 12 month high of $72.70.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.04. The business had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. lululemon athletica had a return on equity of 22.51% and a net margin of 11.68%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. equities analysts anticipate that lululemon athletica will post 2.43 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Korea Investment CORP boosted its holdings in lululemon athletica by 12.5% in the 3rd quarter. Korea Investment CORP now owns 410,800 shares of the apparel retailer’s stock valued at $25,572,000 after purchasing an additional 45,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $18,760,000 after acquiring an additional 29,880 shares in the last quarter. Crystal Rock Capital Management purchased a new stake in shares of lululemon athletica during the 2nd quarter worth approximately $2,418,000. APG Asset Management N.V. boosted its stake 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 worth $11,030,000 after acquiring an additional 10,300 shares in the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in shares of lululemon athletica during the 3rd quarter worth approximately $252,000. Institutional investors and hedge funds own 79.45% of the company’s stock.

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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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