Oppenheimer Holdings, Inc. reiterated their outperform rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a research report released on Tuesday morning. They currently have a $68.00 target price on the apparel retailer’s stock.

A number of other equities research analysts have also weighed in on LULU. BMO Capital Markets set a $55.00 target price on lululemon athletica inc. and gave the company a hold rating in a research report on Tuesday, August 8th. Vetr raised lululemon athletica inc. from a hold rating to a buy rating and set a $63.40 target price for the company in a research report on Thursday, August 10th. BidaskClub lowered lululemon athletica inc. from a buy rating to a hold rating in a research report on Saturday, August 12th. Zacks Investment Research raised lululemon athletica inc. from a hold rating to a buy rating and set a $67.00 target price for the company in a research report on Thursday, August 17th. Finally, KeyCorp reaffirmed a hold rating on shares of lululemon athletica inc. in a research report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $65.76.

lululemon athletica inc. (LULU) opened at 59.17 on Tuesday. 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 price is $60.56 and its 200-day moving average price is $56.61. The company has a market cap of $8.01 billion, a P/E ratio of 28.56 and a beta of 0.20.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The company had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $567.40 million. During the same quarter in the previous year, the business earned $0.38 EPS. lululemon athletica inc.’s revenue was up 12.9% compared to the same quarter last year. On average, analysts forecast that lululemon athletica inc. will post $2.41 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in LULU. BlackRock Inc. raised its holdings in shares of lululemon athletica inc. by 4,791.0% during the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock valued at $266,888,000 after acquiring an additional 5,040,109 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of lululemon athletica inc. by 16,053.2% during the second quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after acquiring an additional 2,598,364 shares during the last quarter. Eaton Vance Management acquired a new position in shares of lululemon athletica inc. during the second quarter valued at approximately $126,967,000. Lazard Asset Management LLC acquired a new position in shares of lululemon athletica inc. during the second quarter valued at approximately $94,181,000. Finally, Janus Capital Management LLC raised its holdings in shares of lululemon athletica inc. by 163.9% during the first quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock valued at $91,706,000 after acquiring an additional 1,098,057 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

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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