Lululemon Athletica (NASDAQ:LULU) had its price objective lifted by research analysts at Royal Bank of Canada to $130.00 in a research report issued on Wednesday. The brokerage presently has an “outperform” rating on the apparel retailer’s stock. Royal Bank of Canada’s target price suggests a potential upside of 3.27% from the stock’s previous close.

LULU has been the subject of several other research reports. Susquehanna Bancshares raised their price objective on shares of Lululemon Athletica from $97.00 to $121.00 and gave the stock a “positive” rating in a report on Friday, June 1st. Nomura raised their price objective on shares of Lululemon Athletica from $90.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, June 1st. JPMorgan Chase & Co. raised their price objective on shares of Lululemon Athletica from $92.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, March 28th. Bank of America reaffirmed a “buy” rating and set a $117.00 price objective (up previously from $106.00) on shares of Lululemon Athletica in a report on Thursday, May 31st. Finally, Guggenheim reaffirmed a “buy” rating and set a $90.00 price objective on shares of Lululemon Athletica in a report on Wednesday, March 28th. Fourteen research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $100.50.

Lululemon Athletica opened at $125.88 on Wednesday, according to Marketbeat Ratings. The company has a market cap of $16.98 billion, a PE ratio of 48.60, a PEG ratio of 2.90 and a beta of 0.15. Lululemon Athletica has a 1-year low of $52.30 and a 1-year high of $127.34.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Tuesday, March 27th. The apparel retailer reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.06. The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $912.41 million. Lululemon Athletica had a net margin of 10.89% and a return on equity of 25.46%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. equities research analysts forecast that Lululemon Athletica will post 3.21 EPS for the current year.

In other news, major shareholder International Corp/Ma Advent sold 10,000,000 shares of Lululemon Athletica stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $121.00, for a total transaction of $1,210,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David M. Mussafer sold 17,935 shares of Lululemon Athletica stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $121.00, for a total transaction of $2,170,135.00. Following the transaction, the director now directly owns 18,202 shares in the company, valued at $2,202,442. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in LULU. Private Capital Group LLC boosted its position in shares of Lululemon Athletica by 103.3% during the first quarter. Private Capital Group LLC now owns 1,222 shares of the apparel retailer’s stock worth $109,000 after purchasing an additional 621 shares in the last quarter. American International Group Inc. bought a new position in shares of Lululemon Athletica during the fourth quarter worth $180,000. The Manufacturers Life Insurance Company boosted its position in shares of Lululemon Athletica by 42.4% during the first quarter. The Manufacturers Life Insurance Company now owns 2,110 shares of the apparel retailer’s stock worth $188,000 after purchasing an additional 628 shares in the last quarter. Marco Investment Management LLC bought a new position in shares of Lululemon Athletica during the fourth quarter worth $204,000. Finally, Pitcairn Co. bought a new position in shares of Lululemon Athletica during the fourth quarter worth $208,000. 82.02% of the stock is currently owned by institutional investors.

Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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