Lululemon Athletica (NASDAQ:LULU) had its target price increased by Telsey Advisory Group from $145.00 to $170.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 24.09% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. ValuEngine lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. BidaskClub lowered shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. Oppenheimer raised their price target on shares of Lululemon Athletica from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, May 29th. Finally, Morgan Stanley raised their price target on shares of Lululemon Athletica from $85.00 to $108.00 and gave the company an “equal weight” rating in a research note on Monday, June 4th. Seventeen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. Lululemon Athletica presently has a consensus rating of “Buy” and a consensus price target of $117.38.

Shares of Lululemon Athletica stock opened at $137.00 on Friday. The stock has a market capitalization of $18.82 billion, a P/E ratio of 52.90, a P/E/G ratio of 2.65 and a beta of -0.03. Lululemon Athletica has a twelve month low of $56.56 and a twelve month high of $140.42.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.22. Lululemon Athletica had a net margin of 10.89% and a return on equity of 25.46%. During the same period last year, the firm posted $0.39 EPS. equities analysts anticipate that Lululemon Athletica will post 3.23 earnings per share for the current fiscal year.

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

Several hedge funds have recently added to or reduced their stakes in LULU. Laurion Capital Management LP raised its position in shares of Lululemon Athletica by 6,457.1% during the 2nd quarter. Laurion Capital Management LP now owns 1,606,478 shares of the apparel retailer’s stock valued at $200,569,000 after buying an additional 1,581,978 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Lululemon Athletica during the 2nd quarter valued at approximately $130,068,000. BlackRock Inc. raised its position in shares of Lululemon Athletica by 19.3% during the 2nd quarter. BlackRock Inc. now owns 6,030,449 shares of the apparel retailer’s stock valued at $752,900,000 after buying an additional 974,511 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Lululemon Athletica by 10,743.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 858,676 shares of the apparel retailer’s stock valued at $107,206,000 after buying an additional 850,757 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Lululemon Athletica by 91.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,000,498 shares of the apparel retailer’s stock valued at $124,912,000 after buying an additional 476,803 shares during the period. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

About Lululemon Athletica

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.

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