Stifel Nicolaus reiterated their hold rating on shares of Lululemon Athletica (NASDAQ:LULU) in a research report sent to investors on Tuesday morning, The Fly reports.

Several other analysts also recently weighed in on LULU. B. Riley reaffirmed a neutral rating on shares of Lululemon Athletica in a report on Wednesday, November 1st. Canaccord Genuity set a $75.00 target price on shares of Lululemon Athletica and gave the company a hold rating in a report on Sunday, January 7th. Cowen set a $78.00 target price on shares of Lululemon Athletica and gave the company a buy rating in a report on Monday, January 8th. Bank of America raised shares of Lululemon Athletica to a buy rating and lifted their target price for the company from $80.00 to $89.00 in a report on Tuesday, January 2nd. Finally, Barclays reaffirmed a buy rating and issued a $95.00 target price on shares of Lululemon Athletica in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $72.95.

Shares of Lululemon Athletica (NASDAQ LULU) traded down $0.15 during trading hours on Tuesday, hitting $78.84. 1,223,492 shares of the stock traded hands, compared to its average volume of 1,385,840. The stock has a market capitalization of $10,693.59, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 2.44 and a beta of 0.19. Lululemon Athletica has a 1-year low of $47.26 and a 1-year high of $81.92.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $619.00 million for the quarter, compared to the consensus estimate of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. analysts predict that Lululemon Athletica will post 2.51 earnings per share for the current year.

Lululemon Athletica announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its holdings 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 valued at $699,000 after purchasing an additional 115 shares in the last quarter. Suntrust Banks Inc. lifted its holdings 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 valued at $252,000 after purchasing an additional 237 shares in the last quarter. Scotia Capital Inc. lifted its holdings 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 valued at $311,000 after purchasing an additional 978 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings 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 valued at $313,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings 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 valued at $958,000 after purchasing an additional 1,075 shares in the last quarter. 79.31% of the stock is currently 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.

The Fly

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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