Buckingham Research initiated coverage on shares of Lululemon Athletica Inc. (NASDAQ:LULU) in a report issued on Tuesday. The firm issued a neutral rating and a $55.00 price objective on the apparel retailer’s stock.

LULU has been the subject of a number of other reports. Piper Jaffray Cos. upgraded shares of Lululemon Athletica from a hold rating to a buy rating in a report on Friday, September 9th. Wells Fargo & Co. restated a buy rating on shares of Lululemon Athletica in a report on Thursday, October 6th. Citigroup Inc. reduced their price target on shares of Lululemon Athletica from $89.00 to $85.00 and set a buy rating for the company in a report on Friday, September 2nd. DA Davidson restated a neutral rating and issued a $80.00 price target on shares of Lululemon Athletica in a report on Wednesday, August 31st. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $90.00 price objective on shares of Lululemon Athletica in a research note on Friday, August 26th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $70.01.

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

Lululemon Athletica (NASDAQ:LULU) opened at 58.32 on Tuesday. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 29.92 and a beta of 0.46. Lululemon Athletica has a 52 week low of $44.62 and a 52 week high of $81.81. The company has a 50-day moving average of $56.95 and a 200-day moving average of $67.46.

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A number of institutional investors have recently bought and sold shares of the stock. Lone Pine Capital LLC raised its position in 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 valued at $547,325,000 after buying an additional 2,224,220 shares during the period. Vanguard Group Inc. raised 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 last quarter. Jennison Associates LLC raised 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 last quarter. Capital International Investors raised its stake in shares of Lululemon Athletica by 0.4% in the third quarter. Capital International Investors now owns 1,559,613 shares of the apparel retailer’s stock worth $95,105,000 after buying an additional 6,310 shares during the last quarter. Finally, Waddell & Reed Financial Inc. raised 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 last quarter. Institutional investors own 91.36% of the company’s stock.

About Lululemon Athletica

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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