lululemon athletica (NASDAQ:LULU) had its price objective lifted by equities researchers at B. Riley from $55.00 to $64.00 in a research note issued on Thursday. The firm presently has a “neutral” rating on the apparel retailer’s stock. B. Riley’s price target points to a potential downside of 5.41% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Cowen reissued a “buy” rating and issued a $78.00 price target on shares of lululemon athletica in a research note on Thursday. Canaccord Genuity set a $43.00 price target on shares of lululemon athletica and gave the stock a “sell” rating in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $71.00 price target (up from $69.00) on shares of lululemon athletica in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of lululemon athletica from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Finally, Bank of America boosted their price target on shares of lululemon athletica from $70.00 to $75.00 and gave the stock a “strong sell” rating in a research note on Monday, November 27th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $66.28.

Shares of lululemon athletica (NASDAQ:LULU) opened at $67.66 on Thursday. The firm has a market cap of $8,983.88, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 2.46 and a beta of 0.19. lululemon athletica has a one year low of $47.26 and a one year high of $72.70.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.04. The business had revenue of $619.00 million during the quarter, compared to the consensus estimate of $610.56 million. lululemon athletica had a net margin of 11.68% and a return on equity of 22.51%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. equities analysts anticipate that lululemon athletica will post 2.43 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC increased its position in shares of lululemon athletica by 591.0% during the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 1,182 shares during the period. Zions Bancorporation increased its position in shares of lululemon athletica by 183.2% during the third quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after buying an additional 1,356 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in shares of lululemon athletica during the third quarter valued at about $156,000. Global X Management Co. LLC increased its position in shares of lululemon athletica by 39.7% during the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after buying an additional 719 shares during the period. Finally, Oakbrook Investments LLC purchased a new position in shares of lululemon athletica during the third quarter valued at about $202,000. Institutional investors own 79.45% of the company’s stock.

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About lululemon athletica

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 (NASDAQ:LULU)

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