Lululemon Athletica Inc. (NASDAQ:LULU) was downgraded by equities researchers at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a report released on Wednesday.

Several other research analysts also recently weighed in on LULU. Morgan Stanley downgraded shares of Lululemon Athletica from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $74.00 to $70.00 in a research note on Friday, September 2nd. 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. Canaccord Genuity cut their target price on shares of Lululemon Athletica from $70.00 to $65.00 and set a “hold” rating for the company in a research note on Monday, September 5th. Wedbush boosted their target price on shares of Lululemon Athletica from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, September 2nd. Finally, FBR & Co reissued an “underperform” rating and issued a $40.00 target price on shares of Lululemon Athletica in a research note on Friday, September 2nd. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $71.13.

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

Shares of Lululemon Athletica (NASDAQ:LULU) opened at 56.81 on Wednesday. Lululemon Athletica has a 12 month low of $44.07 and a 12 month high of $81.81. The firm has a market cap of $7.79 billion, a PE ratio of 29.15 and a beta of 0.46. The stock’s 50 day moving average is $57.86 and its 200 day moving average is $67.84.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The business earned $514.52 million during the quarter. Lululemon Athletica had a return on equity of 23.73% and a net margin of 12.28%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS. On average, analysts anticipate that Lululemon Athletica will post $2.13 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Gateway Investment Advisers LLC bought a new stake in shares of Lululemon Athletica during the second quarter valued at approximately $6,001,000. Norman Fields Gottscho Capital Management LLC increased its stake in shares of Lululemon Athletica by 0.9% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 16,242 shares of the apparel retailer’s stock valued at $1,200,000 after buying an additional 150 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Lululemon Athletica by 2.4% in the second quarter. DNB Asset Management AS now owns 12,810 shares of the apparel retailer’s stock valued at $442,000 after buying an additional 300 shares in the last quarter. British Columbia Investment Management Corp increased its stake in shares of Lululemon Athletica by 18.8% in the second quarter. British Columbia Investment Management Corp now owns 49,434 shares of the apparel retailer’s stock valued at $3,651,000 after buying an additional 7,819 shares in the last quarter. Finally, Patten & Patten Inc. TN increased its stake in shares of Lululemon Athletica by 6.2% in the second quarter. Patten & Patten Inc. TN now owns 32,025 shares of the apparel retailer’s stock valued at $2,365,000 after buying an additional 1,875 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

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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