lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “buy” rating reaffirmed by investment analysts at J P Morgan Chase & Co in a research note issued to investors on Friday. They presently have a $71.00 price objective on the apparel retailer’s stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 15.11% from the stock’s current price.

Several other research firms have also issued reports on LULU. KeyCorp reiterated a “hold” rating on shares of lululemon athletica inc. in a research note on Friday, August 25th. Vetr lowered shares of lululemon athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 target price for the company. in a research note on Wednesday, May 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $56.00 target price on shares of lululemon athletica inc. in a research note on Friday, July 14th. Deutsche Bank AG reiterated a “hold” rating and issued a $59.00 target price (up previously from $58.00) on shares of lululemon athletica inc. in a research note on Saturday, June 3rd. Finally, Zacks Investment Research lowered shares of lululemon athletica inc. from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. lululemon athletica inc. presently has an average rating of “Hold” and a consensus target price of $65.62.

Shares of lululemon athletica inc. (NASDAQ:LULU) traded up 7.19% during mid-day trading on Friday, reaching $61.69. 11,466,089 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $60.47 and its 200 day moving average price is $57.49. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70. The company has a market cap of $8.43 billion, a PE ratio of 29.22 and a beta of 0.23.

lululemon athletica inc. (NASDAQ:LULU) last posted its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.91%. The firm had revenue of $581.10 million during the quarter, compared to analyst estimates of $567.40 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts predict that lululemon athletica inc. will post $2.35 EPS for the current year.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC grew its holdings 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 worth $105,000 after purchasing an additional 1,182 shares during the last quarter. Exane Derivatives bought a new position in shares of lululemon athletica inc. in the second quarter worth approximately $106,000. Mn Services Vermogensbeheer B.V. grew its holdings 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 purchasing an additional 121 shares during the last quarter. Global X Management Co. LLC grew its holdings 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 worth $151,000 after purchasing an additional 719 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings 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 worth $182,000 after purchasing an additional 1,000 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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