Shares of Lululemon Athletica inc. (NASDAQ:LULU) have been given a consensus recommendation of “Buy” by the thirty-eight brokerages that are presently covering the stock, Marketbeat reports. Fifteen analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $155.53.

A number of equities research analysts have issued reports on the company. Wedbush increased their price target on Lululemon Athletica from $110.00 to $176.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 2nd. B. Riley restated a “neutral” rating and set a $155.00 price objective (up previously from $141.00) on shares of Lululemon Athletica in a research report on Tuesday, October 2nd. Royal Bank of Canada raised their price objective on Lululemon Athletica from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. Cowen set a $185.00 price objective on Lululemon Athletica and gave the company an “outperform” rating in a research report on Tuesday, October 2nd. Finally, MKM Partners set a $174.00 price objective on Lululemon Athletica and gave the company a “buy” rating in a research report on Tuesday, October 2nd.

LULU stock traded up $3.20 during trading on Wednesday, reaching $143.71. The company’s stock had a trading volume of 3,287,330 shares, compared to its average volume of 1,996,735. Lululemon Athletica has a 1 year low of $57.40 and a 1 year high of $164.79. The firm has a market capitalization of $21.51 billion, a PE ratio of 55.49, a PEG ratio of 2.37 and a beta of 0.10.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.22. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. The business had revenue of $723.50 million during the quarter, compared to analyst estimates of $669.14 million. During the same quarter in the prior year, the business posted $0.39 EPS. Equities analysts anticipate that Lululemon Athletica will post 3.57 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its position in Lululemon Athletica by 2.4% in the third quarter. Bank of Montreal Can now owns 77,248 shares of the apparel retailer’s stock worth $12,551,000 after acquiring an additional 1,827 shares in the last quarter. Northwest Wealth Management LLC grew its position in Lululemon Athletica by 50.0% in the third quarter. Northwest Wealth Management LLC now owns 1,500 shares of the apparel retailer’s stock worth $244,000 after acquiring an additional 500 shares in the last quarter. DNB Asset Management AS purchased a new position in Lululemon Athletica in the third quarter worth about $1,793,000. State of Alaska Department of Revenue grew its position in Lululemon Athletica by 19.7% in the third quarter. State of Alaska Department of Revenue now owns 65,900 shares of the apparel retailer’s stock worth $10,707,000 after acquiring an additional 10,830 shares in the last quarter. Finally, Cerebellum GP LLC bought a new stake in Lululemon Athletica in the third quarter worth about $194,000. Institutional investors own 79.57% of the company’s stock.

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.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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