lululemon athletica inc. (NASDAQ:LULU) received a $70.00 target price from research analysts at Robert W. Baird in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Robert W. Baird’s price target would suggest a potential upside of 16.41% from the stock’s previous close.

Several other analysts have also issued reports on the company. KeyCorp restated a “hold” rating on shares of lululemon athletica inc. in a report on Friday. Vetr lowered lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 target price on the stock. in a report on Wednesday, May 10th. Jefferies Group LLC restated a “hold” rating and set a $56.00 target price on shares of lululemon athletica inc. in a report on Friday, July 14th. Deutsche Bank AG restated a “hold” rating and set a $59.00 target price (up from $58.00) on shares of lululemon athletica inc. in a report on Saturday, June 3rd. Finally, Zacks Investment Research lowered lululemon athletica inc. from a “buy” rating to a “hold” rating in a report on Friday. Three 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 a consensus rating of “Hold” and an average target price of $65.71.

Shares of lululemon athletica inc. (NASDAQ:LULU) traded down 1.33% during midday trading on Tuesday, reaching $59.33. 745,483 shares of the company’s stock traded hands. lululemon athletica inc. has a one year low of $47.26 and a one year high of $81.24. The company has a 50-day moving average of $60.44 and a 200-day moving average of $57.77. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 28.11 and a beta of 0.25.

lululemon athletica inc. (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. lululemon athletica inc. had a return on equity of 23.54% and a net margin of 12.21%. The business had revenue of $520.30 million during the quarter, compared to analyst estimates of $513.99 million. During the same period last year, the company earned $0.33 earnings per share. lululemon athletica inc.’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that lululemon athletica inc. will post $2.35 EPS for the current year.

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In other lululemon athletica inc. news, Director Glenn Murphy bought 97,728 shares of lululemon athletica inc. stock in a transaction dated Monday, June 26th. The shares were acquired at an average cost of $55.50 per share, with a total value of $5,423,904.00. Following the acquisition, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. IHT Wealth Management LLC boosted its position in 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 position in lululemon athletica inc. during the second quarter valued at $106,000. Mn Services Vermogensbeheer B.V. boosted its position in 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 boosted its position in 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. boosted its position in 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. Hedge funds and other 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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