lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “buy” rating reiterated by research analysts at Instinet in a research report issued to clients and investors on Friday. They presently have a $67.00 price target on the apparel retailer’s stock, up from their previous price target of $65.00. Instinet’s price objective would suggest a potential upside of 16.42% from the stock’s current price.

LULU has been the topic of a number of other reports. Berenberg Bank began coverage on lululemon athletica inc. in a report on Tuesday, May 16th. They set a “hold” rating and a $54.00 price target on the stock. Jefferies Group LLC set a $56.00 price target on lululemon athletica inc. and gave the company a “hold” rating in a report on Friday, June 2nd. Cowen and Company reissued an “outperform” rating and set a $68.00 price target (up from $67.00) on shares of lululemon athletica inc. in a report on Friday. Zacks Investment Research raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Thursday, August 17th. Finally, Credit Suisse Group set a $56.00 target price on lululemon athletica inc. and gave the stock a “hold” rating in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $66.00.

Shares of lululemon athletica inc. (NASDAQ LULU) traded up 7.651% during trading on Friday, reaching $61.953. 6,455,407 shares of the company’s stock traded hands. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 29.348 and a beta of 0.25. The company has a 50 day moving average of $60.41 and a 200-day moving average of $57.53. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $72.70. lululemon athletica inc. also saw some unusual options trading on Tuesday. Stock investors bought 13,238 call options on the company. This is an increase of 195% compared to the average volume of 4,485 call options.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a return on equity of 23.54% and a net margin of 12.21%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Equities analysts predict that lululemon athletica inc. will post $2.35 earnings per share for the current year.

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In other lululemon athletica inc. news, Director Glenn Murphy acquired 97,728 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was purchased at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the transaction, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

Large investors have recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of lululemon athletica inc. by 6.7% in the first quarter. Bank of Montreal Can now owns 14,425 shares of the apparel retailer’s stock worth $748,000 after buying an additional 902 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised 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 worth $142,000 after buying an additional 121 shares during the last quarter. Korea Investment CORP raised its stake in shares of lululemon athletica inc. by 10.4% in the first quarter. Korea Investment CORP now owns 46,800 shares of the apparel retailer’s stock worth $2,428,000 after buying an additional 4,400 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of lululemon athletica inc. by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 22,469 shares of the apparel retailer’s stock worth $1,165,000 after buying an additional 3,944 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of lululemon athletica inc. by 80.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,358 shares of the apparel retailer’s stock worth $226,000 after buying an additional 1,948 shares during the last quarter. Hedge funds and other institutional investors own 79.56% of the company’s stock.

About lululemon athletica inc.

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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