lululemon athletica (NASDAQ:LULU) had its price objective lifted by research analysts at Telsey Advisory Group from $78.00 to $84.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price target suggests a potential upside of 24.15% from the company’s previous close.

Several other analysts have also recently commented on the company. Needham & Company LLC raised their price target on lululemon athletica from $71.00 to $79.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $70.00 price objective (up from $60.00) on shares of lululemon athletica in a research note on Thursday. Citigroup raised their price objective on lululemon athletica to $78.00 and gave the company a “buy” rating in a research note on Thursday. Canaccord Genuity raised lululemon athletica from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $79.00 price objective on shares of lululemon athletica in a research note on Thursday. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.53.

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

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS 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 company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.50 EPS. research analysts anticipate that lululemon athletica will post 2.43 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Korea Investment CORP boosted its holdings 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 acquiring an additional 45,600 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in lululemon athletica by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 314,404 shares of the apparel retailer’s stock valued at $18,760,000 after acquiring an additional 29,880 shares during the last quarter. Crystal Rock Capital Management acquired a new position in lululemon athletica in the second quarter valued at $2,418,000. APG Asset Management N.V. boosted its holdings in lululemon athletica by 6.2% in the third quarter. APG Asset Management N.V. now owns 177,188 shares of the apparel retailer’s stock valued at $11,030,000 after acquiring an additional 10,300 shares during the last quarter. Finally, ETRADE Capital Management LLC acquired a new position in lululemon athletica in the third quarter valued at $252,000. Hedge funds and other institutional investors 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.

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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