lululemon athletica inc. (NASDAQ:LULU) was upgraded by research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research report issued on Friday.

Several other equities analysts have also recently weighed in on LULU. Canaccord Genuity set a $43.00 price target on lululemon athletica inc. and gave the company a “sell” rating in a research report on Monday. SunTrust Banks, Inc. set a $69.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets set a $55.00 target price on lululemon athletica inc. and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Vetr upgraded 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. Finally, Needham & Company LLC set a $69.00 target price on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. lululemon athletica inc. presently has an average rating of “Hold” and an average target price of $65.82.

Shares of lululemon athletica inc. (NASDAQ LULU) opened at 60.09 on Friday. The company’s 50 day moving average price is $60.58 and its 200 day moving average price is $56.64. The company has a market capitalization of $8.14 billion, a P/E ratio of 29.00 and a beta of 0.20. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $72.70.

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

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Several hedge funds have recently bought and sold shares of LULU. First Trust Advisors LP purchased a new position in shares of lululemon athletica inc. during the 1st quarter worth approximately $955,000. Comerica Bank grew its stake in shares of lululemon athletica inc. by 0.9% in the 1st quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock worth $588,000 after buying an additional 97 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of lululemon athletica inc. by 5.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 261,021 shares of the apparel retailer’s stock worth $13,539,000 after buying an additional 13,260 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of lululemon athletica inc. by 47.6% in the 1st quarter. Parametric Portfolio Associates LLC now owns 67,964 shares of the apparel retailer’s stock worth $3,525,000 after buying an additional 21,921 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of lululemon athletica inc. by 52.3% in the 1st quarter. Wellington Management Group LLP now owns 85,001 shares of the apparel retailer’s stock worth $4,409,000 after buying an additional 29,193 shares during the last quarter. Hedge funds and other institutional investors own 80.34% of the company’s stock.

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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