Lululemon Athletica (NASDAQ:LULU)‘s stock had its “buy” rating restated by analysts at Cowen in a note issued to investors on Thursday.

Other equities analysts have also recently issued research reports about the company. B. Riley restated a “neutral” rating on shares of Lululemon Athletica in a report on Wednesday, November 1st. BidaskClub cut Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 10th. MKM Partners increased their target price on Lululemon Athletica from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Zacks Investment Research cut Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Canaccord Genuity reiterated a “sell” rating and set a $43.00 target price on shares of Lululemon Athletica in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $72.95.

Lululemon Athletica (NASDAQ:LULU) traded down $0.35 during midday trading on Thursday, reaching $77.57. The company’s stock had a trading volume of 1,130,858 shares, compared to its average volume of 1,599,750. The stock has a market cap of $10,500.00, a PE ratio of 38.59, a PEG ratio of 2.36 and a beta of 0.19. Lululemon Athletica has a 52-week low of $47.26 and a 52-week high of $81.92.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. The firm had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. Lululemon Athletica’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. equities analysts predict that Lululemon Athletica will post 2.52 EPS for the current fiscal year.

Lululemon Athletica declared that its board has initiated a stock buyback program on Wednesday, December 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the apparel retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Several large investors have recently added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of Lululemon Athletica by 1.0% in the second quarter. Comerica Bank now owns 11,264 shares of the apparel retailer’s stock worth $699,000 after purchasing an additional 115 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of Lululemon Athletica by 5.9% in the second quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock worth $252,000 after purchasing an additional 237 shares in the last quarter. Scotia Capital Inc. grew its stake in shares of Lululemon Athletica by 23.0% in the second quarter. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer’s stock worth $311,000 after purchasing an additional 978 shares in the last quarter. First Republic Investment Management Inc. grew its stake in shares of Lululemon Athletica by 26.2% in the third quarter. First Republic Investment Management Inc. now owns 5,035 shares of the apparel retailer’s stock worth $313,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Lululemon Athletica by 7.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 15,390 shares of the apparel retailer’s stock worth $958,000 after purchasing an additional 1,075 shares in the last quarter. 79.42% of the stock is owned by institutional investors.

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Lululemon Athletica 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 (NASDAQ:LULU)

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