Several brokerages have updated their recommendations and price targets on shares of lululemon athletica inc. (NASDAQ: LULU) in the last few weeks:

  • 9/6/2017 – lululemon athletica inc. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $69.00 price target on the stock. According to Zacks, “Lululemon has surpassed the industry in the past three months, mainly driven by its focus on strategy for 2020, as part of which it aims to generate revenues of $4 billion. To achieve this, the company is committed toward product innovation, building store fleet in North America, expanding digital business and global expansion. All these factors helped Lululemon to post robust numbers in second-quarter fiscal 2017, even amid a tough retail landscape. Both sales and earnings topped estimates and grew year over year. While the bottom line marked its 2nd consecutive beat, the top line recorded its 7th straight quarter of positive surprise. Also, sturdy e-Commerce growth fueled comps. Apart from this, the company is on track with ivivva’s remodeling. The solid results and favorable third quarter trends encouraged management to raise its fiscal 2017 view. However, stiff competition and volatile consumer spending patterns may pose concerns.”
  • 9/5/2017 – lululemon athletica inc. was upgraded by analysts at UBS AG from a “neutral” rating to a “positive” rating.
  • 9/5/2017 – lululemon athletica inc. was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $64.00 price target on the stock.
  • 9/1/2017 – lululemon athletica inc. had its “hold” rating reaffirmed by analysts at FBR & Co. They now have a $55.00 price target on the stock. They wrote, “LULU reported adjusted 2Q EPS of $0.39, vs. FBR/consensus estimates of $0.34/ $0.35 and $0.33–$0.35 guidance. Results reflect +7% constant currency comps vs. FBR/consensus 4.0%/4.2% and adjusted EBIT margin de-leverage of -160 bps vs. FBR/consensus –250/-230 bps. Management provided 3Q17 adjusted EPS guidance of $0.50–$0.52 (vs. FBR/consensus of $0.53/$0.52) on SSS of +MSD (vs. FBR/ consensus +5.0%/+4.0%) and increased guidance for 2017 adjusted EPS to $2.35– $2.42 from $2.28–$2.38 (vs. FBR/consensus of $2.36/$2.33) and reiterated SSS of +LSD (vs. FBR/consensus of +3.6%/+3.1%). LULU has a strong brand and has done a good job innovating and offering newness. However, we remain on the sidelines given valuation and risks with a slowing athleisure market.””
  • 9/1/2017 – lululemon athletica inc. had its price target raised by analysts at Royal Bank Of Canada from $64.00 to $66.00. They now have an “outperform” rating on the stock.
  • 9/1/2017 – lululemon athletica inc. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $60.00 price target on the stock, up previously from $56.00.
  • 9/1/2017 – lululemon athletica inc. had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $60.00 price target on the stock, up previously from $54.00.
  • 9/1/2017 – lululemon athletica inc. had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $68.00 price target on the stock, up previously from $67.00.
  • 9/1/2017 – lululemon athletica inc. had its “buy” rating reaffirmed by analysts at Instinet. They now have a $67.00 price target on the stock, up previously from $65.00.
  • 9/1/2017 – lululemon athletica inc. had its “hold” rating reaffirmed by analysts at UBS AG. They now have a $61.00 price target on the stock, up previously from $54.00.
  • 9/1/2017 – lululemon athletica inc. had its “buy” rating reaffirmed by analysts at Nomura. They now have a $67.00 price target on the stock, up previously from $65.00.
  • 9/1/2017 – lululemon athletica inc. had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $71.00 price target on the stock.
  • 9/1/2017 – lululemon athletica inc. had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $61.00 price target on the stock, up previously from $58.00.
  • 9/1/2017 – lululemon athletica inc. had its “neutral” rating reaffirmed by analysts at Buckingham Research. They now have a $55.00 price target on the stock.
  • 9/1/2017 – lululemon athletica inc. had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $59.00 price target on the stock.
  • 8/31/2017 – lululemon athletica inc. had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $67.00 price target on the stock.
  • 8/30/2017 – lululemon athletica inc. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $66.00 price target on the stock.
  • 8/29/2017 – lululemon athletica inc. was given a new $41.00 price target on by analysts at Canaccord Genuity. They now have a “sell” rating on the stock.
  • 8/29/2017 – lululemon athletica inc. had its price target raised by analysts at Susquehanna Bancshares Inc from $60.00 to $64.00. They now have a “neutral” rating on the stock.
  • 8/29/2017 – lululemon athletica inc. was given a new $70.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/25/2017 – lululemon athletica inc. was given a new $56.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.
  • 8/25/2017 – lululemon athletica inc. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lululemon’s shares have outperformed the industry in the last three months, mainly owing to solid first-quarter fiscal 2017 results. Further, the company is all set to utilize its capabilities built in fiscal 2015 over the next five years. In fact, by 2020, it aims to double its revenues to about $4 billion and more than double its earnings. Moreover, Lululemon’s eCommerce growth initiatives and ivivva remodeling bode well. We note that the company’s eCommerce comps improved in the low-double digits range at the start of the fiscal second-quarter, which led to solid comps guidance for the quarter. While its efforts to build upon eCommerce sales are paying off, in-store comps continue to be weak due to the soft traffic trends in the retail sector. Also, management tweaked revenue forecast for fiscal 2017, which indicates further trouble down the road. Estimates have been stable ahead of the second quarter earnings release.”
  • 8/25/2017 – lululemon athletica inc. had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 8/24/2017 – lululemon athletica inc. had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $66.00 price target on the stock.
  • 8/21/2017 – lululemon athletica inc. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $66.00 price target on the stock.
  • 8/21/2017 – lululemon athletica inc. was upgraded by analysts at Bank of America Corporation from an “underperform” rating to a “buy” rating. They now have a $70.00 price target on the stock, up previously from $48.00.
  • 8/21/2017 – lululemon athletica inc. was given a new $67.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 8/17/2017 – lululemon athletica inc. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Lululemon stock has made notable recovery, outperforming the industry in the last three months. The company delivered top and bottom line beat in first-quarter fiscal 2017, which has considerably boosted stock price. Further, the company is all set to utilize its capabilities built in fiscal 2015 over the next five years. In fact, by 2020, the company aims to double its revenues to about $4 billion and more than double its earnings. Moreover, the company’s eCommerce growth initiatives and ivivva remodeling bode well. We note that the company’s eCommerce comps improved in the low-double digits range so far in the fiscal second-quarter. This led the company to provide solid comps guidance for the second quarter and fiscal 2017, reflecting further strengthening of eCommerce business. However, in-store comps continue to suffer. The company also tweaked revenue forecast for fiscal 2017, which indicates further weakness.”
  • 8/16/2017 – lululemon athletica inc. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lululemon stock has made notable recovery, outperforming the industry in the last three months. The company delivered top and bottom line beat in first-quarter fiscal 2017, which has considerably boosted stock price. Further, the company is all set to utilize its capabilities built in fiscal 2015 over the next five years. In fact, by 2020, the company aims to double its revenues to about $4 billion and more than double its earnings. Moreover, the company’s eCommerce growth initiatives and ivivva remodeling bode well. We note that the company’s eCommerce comps improved in the low-double digits range so far in the fiscal second-quarter. This led the company to provide solid comps guidance for the second quarter and fiscal 2017, reflecting further strengthening of eCommerce business. However, in-store comps continue to suffer. The company also tweaked revenue forecast for fiscal 2017, which indicates further weakness.”
  • 8/12/2017 – lululemon athletica inc. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/10/2017 – lululemon athletica inc. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $63.40 price target on the stock.
  • 8/8/2017 – lululemon athletica inc. was given a new $55.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 8/3/2017 – lululemon athletica inc. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $63.40 price target on the stock.
  • 7/28/2017 – lululemon athletica inc. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $69.00 price target on the stock. According to Zacks, “Lululemon stock has made notable recovery, outperforming the broader industry in the last three months, after delivering top and bottom line beat in first-quarter fiscal 2017. Further, the company is all set to utilize its capabilities built in fiscal 2015 over the next five years. In fact, by 2020, the company aims to double its revenues to about $4 billion and more than double its earnings. Moreover, the company’s eCommerce growth initiatives and ivivva remodeling bode well. We note that the company’s eCommerce comps improved in the low-double digits range so far in the fiscal second-quarter. This led the company to provide solid comps guidance for the second quarter and fiscal 2017, reflecting further strengthening of eCommerce business. However, in-store comps continue to suffer. The company also tweaked revenue forecast for fiscal 2017, which indicates further weakness.”
  • 7/27/2017 – lululemon athletica inc. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lululemon stock has made notable recovery, outperforming the broader industry in the last three months, after delivering top and bottom line beat in first-quarter fiscal 2017. Further, the company is all set to utilize its capabilities built in fiscal 2015 over the next five years. In fact, by 2020, the company aims to double its revenues to about $4 billion and more than double its earnings. Moreover, the company’s eCommerce growth initiatives and ivivva remodeling bode well. We note that the company’s eCommerce comps improved in the low-double digits range so far in the fiscal second-quarter. This led the company to provide solid comps guidance for the second quarter and fiscal 2017, reflecting further strengthening of eCommerce business. However, in-store comps continue to suffer. The company also tweaked revenue forecast for fiscal 2017, which indicates further weakness.”
  • 7/25/2017 – lululemon athletica inc. was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $66.00 price target on the stock, up previously from $60.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/22/2017 – lululemon athletica inc. had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $67.00 price target on the stock, up previously from $64.00.
  • 7/19/2017 – lululemon athletica inc. was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $63.40 price target on the stock.
  • 7/18/2017 – lululemon athletica inc. is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $67.00 price target on the stock.
  • 7/14/2017 – lululemon athletica inc. had its price target raised by analysts at Oppenheimer Holdings, Inc. from $65.00 to $68.00. They now have an “outperform” rating on the stock.
  • 7/14/2017 – lululemon athletica inc. had its “outperform” rating reaffirmed by analysts at CIBC. They now have a $68.00 price target on the stock, up previously from $65.00.
  • 7/14/2017 – lululemon athletica inc. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $56.00 price target on the stock.
  • 7/11/2017 – lululemon athletica inc. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $66.00 price target on the stock. According to Zacks, “Lululemon stock has made notable recovery, outperforming the broader industry in the last three months, after delivering top and bottom line beat in first-quarter fiscal 2017. Further, the company is all set to utilize its capabilities built in fiscal 2015 over the next five years. In fact, by 2020, the company aims to double its revenues to about $4 billion and more than double its earnings. Moreover, the company’s eCommerce growth initiatives and ivivva remodeling bode well. We note that the company’s eCommerce comps improved in the low-double digits range so far in the fiscal second-quarter. This led the company to provide solid comps guidance for the second quarter and fiscal 2017, reflecting further strengthening of eCommerce business. However, in-store comps continue to suffer. The company also tweaked revenue forecast for fiscal 2017, which indicates further weakness.”
  • 7/10/2017 – lululemon athletica inc. had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $70.00 price target on the stock.

Shares of lululemon athletica inc. (NASDAQ:LULU) traded down 1.438% during trading on Wednesday, hitting $60.675. The stock had a trading volume of 609,887 shares. lululemon athletica inc. has a 52 week low of $47.26 and a 52 week high of $72.70. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 28.742 and a beta of 0.22. The company’s 50 day moving average price is $60.55 and its 200 day moving average price is $57.24. lululemon athletica inc. also saw unusually large options trading activity on Tuesday. Traders bought 14,992 put options on the company. This is an increase of approximately 147% compared to the average volume of 6,070 put options.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. lululemon athletica inc.’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Analysts predict that lululemon athletica inc. will post $2.40 earnings per share for the current year.

In related news, Director Glenn Murphy purchased 97,728 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were bought at an average price of $55.50 per share, with a total value of $5,423,904.00. Following the acquisition, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.29% of the company’s stock.

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.

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