lululemon athletica (NASDAQ:LULU)‘s stock had its “buy” rating reiterated by Susquehanna Bancshares in a research report issued on Thursday. They presently have a $85.00 price objective on the apparel retailer’s stock, up from their previous price objective of $71.00. Susquehanna Bancshares’ price target would indicate a potential upside of 25.63% from the stock’s current price.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded lululemon athletica from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. B. Riley reaffirmed a “neutral” rating on shares of lululemon athletica in a report on Wednesday, November 1st. Cowen reaffirmed a “buy” rating and set a $78.00 target price (up from $68.00) on shares of lululemon athletica in a report on Thursday. 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. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $79.00 target price on shares of lululemon athletica in a report on Thursday. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $69.65.

lululemon athletica (NASDAQ:LULU) traded up $1.30 during midday trading on Thursday, hitting $67.66. The company had a trading volume of 5,815,200 shares, compared to its average volume of 2,614,103. lululemon athletica has a 12 month low of $47.26 and a 12 month high of $72.70. 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 (NASDAQ:LULU) last released its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. lululemon athletica had a return on equity of 22.51% and a net margin of 11.68%. The company had revenue of $619.00 million for the quarter, compared to the consensus estimate of $610.56 million. lululemon athletica’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.50 EPS. equities analysts expect that lululemon athletica will post 2.43 EPS for the current fiscal year.

lululemon athletica announced that its Board of Directors has approved a share repurchase plan on Wednesday, December 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the apparel retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in lululemon athletica by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock valued at $468,413,000 after buying an additional 233,035 shares in the last quarter. BlackRock Inc. increased its position in lululemon athletica by 4.4% in the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after buying an additional 228,068 shares in the last quarter. HS Management Partners LLC increased its position in lululemon athletica by 36.4% in the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after buying an additional 741,200 shares in the last quarter. Janus Henderson Group PLC increased its position in lululemon athletica by 16,053.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after buying an additional 2,598,364 shares in the last quarter. Finally, Eaton Vance Management bought a new stake in lululemon athletica in the 2nd quarter valued at about $126,967,000. 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.

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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