BMO Capital Markets reiterated their hold rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a research report report published on Thursday morning. BMO Capital Markets currently has a $55.00 target price on the apparel retailer’s stock.

A number of other equities research analysts have also recently commented on LULU. Vetr upgraded lululemon athletica inc. from a hold rating to a buy rating and set a $63.40 target price on the stock in a research report on Thursday, August 10th. BidaskClub cut lululemon athletica inc. from a buy rating to a hold rating in a research report on Saturday, August 12th. SunTrust Banks, Inc. set a $69.00 target price on lululemon athletica inc. and gave the company a buy rating in a research report on Monday, October 16th. Zacks Investment Research raised shares of lululemon athletica inc. from a hold rating to a buy rating and set a $67.00 price target on the stock in a research note on Thursday, August 17th. Finally, Canaccord Genuity set a $43.00 price target on shares of lululemon athletica inc. and gave the company a sell rating in a research note on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. lululemon athletica inc. has an average rating of Hold and a consensus price target of $65.67.

lululemon athletica inc. (NASDAQ LULU) traded up $0.39 during trading hours on Thursday, hitting $61.15. The stock had a trading volume of 760,139 shares, compared to its average volume of 2,102,367. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70. The firm has a market cap of $8,278.55, a PE ratio of 28.05, a PEG ratio of 2.12 and a beta of 0.15.

lululemon athletica inc. (NASDAQ:LULU) last posted its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 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 firm had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. During the same period last year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. equities research analysts anticipate that lululemon athletica inc. will post 2.43 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of lululemon athletica inc. by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock valued at $468,413,000 after buying an additional 233,035 shares during the period. BlackRock Inc. raised its position in shares of lululemon athletica inc. by 4.4% during the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after buying an additional 228,068 shares during the period. HS Management Partners LLC raised its position in shares of lululemon athletica inc. by 36.4% during the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after buying an additional 741,200 shares during the period. Janus Henderson Group PLC increased its holdings in lululemon athletica inc. by 16,053.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after purchasing an additional 2,598,364 shares during the last quarter. Finally, Eaton Vance Management acquired a new stake in lululemon athletica inc. in the 2nd quarter valued at approximately $126,967,000. 80.29% of the stock is currently owned by hedge funds and other institutional investors.

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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