lululemon athletica inc. (NASDAQ:LULU)‘s stock had its “hold” rating restated by investment analysts at BMO Capital Markets in a report issued on Wednesday. They currently have a $55.00 target price on the apparel retailer’s stock. BMO Capital Markets’ target price points to a potential downside of 10.99% from the company’s current price.

Several other research firms have also commented on LULU. KeyCorp reissued a “hold” rating on shares of lululemon athletica inc. in a research report on Friday, August 25th. Jefferies Group LLC reissued a “hold” rating and set a $56.00 price target on shares of lululemon athletica inc. in a research report on Friday, July 14th. Deutsche Bank AG restated a “hold” rating and set a $59.00 price objective (up previously from $58.00) on shares of lululemon athletica inc. in a report on Saturday, June 3rd. J P Morgan Chase & Co restated a “buy” rating and set a $71.00 price objective on shares of lululemon athletica inc. in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $65.68.

lululemon athletica inc. (LULU) traded down 0.26% during mid-day trading on Wednesday, reaching $61.63. 447,027 shares of the company’s stock were exchanged. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70. The company’s 50-day moving average is $60.63 and its 200 day moving average is $57.15. The firm has a market capitalization of $8.34 billion, a P/E ratio of 29.74 and a beta of 0.22.

lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $581.10 million during the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. Equities analysts predict that lululemon athletica inc. will post $2.41 earnings per share for the current fiscal year.

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In related news, Director Glenn Murphy bought 100,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was acquired at an average cost of $55.50 per share, with a total value of $5,550,000.00. Following the purchase, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.29% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC increased its stake in shares of lululemon athletica inc. by 591.0% in the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock worth $105,000 after acquiring an additional 1,182 shares during the last quarter. Exane Derivatives acquired a new stake in shares of lululemon athletica inc. in the 2nd quarter worth $106,000. Global X Management Co. LLC increased its stake in shares of lululemon athletica inc. by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after acquiring an additional 719 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of lululemon athletica inc. by 40.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock worth $182,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Suntrust Banks Inc. acquired a new stake in shares of lululemon athletica inc. in the 1st quarter worth $206,000. 79.58% of the stock is owned by institutional investors and hedge funds.

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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