Wells Fargo & Co. reaffirmed their buy rating on shares of Lululemon Athletica Inc. (NASDAQ:LULU) in a research report released on Thursday.

Several other research analysts have also recently commented on LULU. Mizuho raised their target price on shares of Lululemon Athletica from $65.00 to $68.00 and gave the stock a neutral rating in a report on Wednesday, June 8th. Jefferies Group reaffirmed a buy rating on shares of Lululemon Athletica in a report on Wednesday, June 8th. Telsey Advisory Group increased their price target on shares of Lululemon Athletica from $78.00 to $82.00 and gave the stock an outperform rating in a research report on Thursday, June 9th. Credit Suisse Group AG reiterated a buy rating on shares of Lululemon Athletica in a research report on Thursday, June 9th. Finally, FBR & Co reiterated a sell rating and set a $40.00 price target on shares of Lululemon Athletica in a research report on Thursday, June 9th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $71.86.

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

Lululemon Athletica (NASDAQ:LULU) traded down 0.7975% on Thursday, reaching $58.0533. 1,092,480 shares of the company traded hands. Lululemon Athletica has a 52-week low of $43.14 and a 52-week high of $81.81. The stock has a 50-day moving average of $68.94 and a 200 day moving average of $69.33. The company has a market capitalization of $7.96 billion, a PE ratio of 29.7862 and a beta of 0.60.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, September 1st. The apparel retailer reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Lululemon Athletica had a net margin of 12.28% and a return on equity of 23.73%. The company had revenue of $514.52 million for the quarter. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities analysts forecast that Lululemon Athletica will post $2.12 EPS for the current year.

Several institutional investors have recently modified their holdings of the company. Lone Pine Capital LLC boosted its stake in shares of Lululemon Athletica by 42.9% in the second quarter. Lone Pine Capital LLC now owns 7,410,304 shares of the apparel retailer’s stock worth $547,325,000 after buying an additional 2,224,220 shares during the period. Vanguard Group Inc. boosted its stake in shares of Lululemon Athletica by 2.0% in the second quarter. Vanguard Group Inc. now owns 7,057,420 shares of the apparel retailer’s stock worth $521,261,000 after buying an additional 139,604 shares during the period. Jennison Associates LLC boosted its stake in shares of Lululemon Athletica by 761.4% in the second quarter. Jennison Associates LLC now owns 6,234,712 shares of the apparel retailer’s stock worth $460,496,000 after buying an additional 5,510,939 shares during the period. State Street Corp boosted its stake in shares of Lululemon Athletica by 3.7% in the first quarter. State Street Corp now owns 2,036,631 shares of the apparel retailer’s stock worth $137,900,000 after buying an additional 72,362 shares during the period. Finally, Waddell & Reed Financial Inc. boosted its stake in shares of Lululemon Athletica by 20.0% in the second quarter. Waddell & Reed Financial Inc. now owns 1,250,852 shares of the apparel retailer’s stock worth $92,388,000 after buying an additional 208,242 shares during the period. 94.76% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.

5 Day Chart for NASDAQ:LULU

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