Stifel Nicolaus reaffirmed their hold rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a research report report published on Thursday morning. Stifel Nicolaus currently has a $66.00 target price on the apparel retailer’s stock.

A number of other analysts have also recently commented on the company. Cowen and Company set a $67.00 price objective on lululemon athletica inc. and gave the company a buy rating in a research report on Monday, August 21st. Bank of America Corporation upgraded lululemon athletica inc. from an underperform rating to a buy rating and boosted their price objective for the company from $48.00 to $70.00 in a research report on Monday, August 21st. Vetr upgraded lululemon athletica inc. from a buy rating to a strong-buy rating and set a $66.00 price objective for the company in a research report on Monday, August 21st. Zacks Investment Research upgraded lululemon athletica inc. from a hold rating to a buy rating and set a $67.00 price objective for the company in a research report on Thursday, August 17th. Finally, BidaskClub cut lululemon athletica inc. from a buy rating to a hold rating in a research report on Saturday, August 12th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $65.37.

lululemon athletica inc. (NASDAQ LULU) opened at 60.21 on Thursday. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 28.52 and a beta of 0.25. The firm’s 50-day moving average is $60.44 and its 200-day moving average is $57.77. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $81.24.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The business had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. On average, analysts anticipate that lululemon athletica inc. will post $2.34 EPS for the current fiscal year.

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In related news, Director Glenn Murphy purchased 97,728 shares of the business’s stock in a transaction on Monday, June 26th. The shares were bought at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the acquisition, the director now directly owns 100,344 shares in the company, valued at $5,569,092. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of LULU. IHT Wealth Management LLC increased its stake in shares of lululemon athletica inc. by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 1,182 shares during the period. Exane Derivatives bought a new stake in shares of lululemon athletica inc. during the second quarter valued at $106,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 121 shares during the period. Global X Management Co. LLC increased its stake in shares of lululemon athletica inc. by 39.7% in the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after buying an additional 719 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of lululemon athletica inc. by 40.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after buying an additional 1,000 shares during the period. Institutional investors own 79.56% of the company’s stock.

lululemon athletica inc. 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 inc. (NASDAQ:LULU)

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