Lululemon Athletica Inc. (NASDAQ:LULU)‘s stock had its “sell” rating restated by research analysts at Goldman Sachs Group Inc. in a report issued on Monday. They currently have a $46.00 price target on the apparel retailer’s stock. Goldman Sachs Group Inc.’s price objective suggests a potential downside of 16.18% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Robert W. Baird reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Tuesday, June 28th. Jefferies Group downgraded shares of Lululemon Athletica from a “buy” rating to a “hold” rating and cut their target price for the company from $80.00 to $76.00 in a research note on Sunday, September 4th. They noted that the move was a valuation call. BMO Capital Markets reissued a “market perform” rating and issued a $64.00 target price on shares of Lululemon Athletica in a research note on Friday, September 2nd. KeyCorp boosted their target price on shares of Lululemon Athletica from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. Finally, Cowen and Company reissued an “outperform” rating and issued a $80.00 target price on shares of Lululemon Athletica in a research note on Friday, September 2nd. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $71.86.

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

Lululemon Athletica (NASDAQ:LULU) traded down 3.07% on Monday, hitting $54.88. 2,125,367 shares of the stock traded hands. Lululemon Athletica has a 12-month low of $43.14 and a 12-month high of $81.81. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 28.16 and a beta of 0.61. The firm’s 50-day moving average price is $65.01 and its 200-day moving average price is $69.14.

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

Several institutional investors have recently added to or reduced their stakes in LULU. Mizuho Asset Management Co. Ltd. raised its position in Lululemon Athletica by 128.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 1,360 shares of the apparel retailer’s stock worth $100,000 after buying an additional 765 shares during the period. Glenmede Trust Co. NA raised its position in Lululemon Athletica by 136.7% in the second quarter. Glenmede Trust Co. NA now owns 1,373 shares of the apparel retailer’s stock worth $100,000 after buying an additional 793 shares during the period. Victory Capital Management Inc. raised its position in Lululemon Athletica by 131.7% in the second quarter. Victory Capital Management Inc. now owns 1,536 shares of the apparel retailer’s stock worth $113,000 after buying an additional 873 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. bought a new position in Lululemon Athletica during the second quarter worth $118,000. Finally, Advisor Group Inc. bought a new position in Lululemon Athletica during the second quarter worth $124,000. Institutional investors and hedge funds own 94.76% of the company’s stock.

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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