BidaskClub downgraded shares of Lululemon Athletica (NASDAQ:LULU) from a buy rating to a hold rating in a research note published on Wednesday, BidAskClub reports.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada reissued an equal weight rating on shares of Lululemon Athletica in a research note on Friday, June 14th. Needham & Company LLC reissued a hold rating on shares of Lululemon Athletica in a research note on Thursday, June 13th. Credit Suisse Group increased their target price on Lululemon Athletica from $190.00 to $195.00 and gave the stock an outperform rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their target price on Lululemon Athletica from $197.00 to $200.00 and gave the stock an overweight rating in a research note on Thursday, June 13th. Finally, Wells Fargo & Co set a $210.00 target price on Lululemon Athletica and gave the stock an outperform rating in a research note on Thursday, June 13th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $190.34.

Shares of LULU stock traded down $0.83 during trading hours on Wednesday, reaching $173.85. 33,296 shares of the company’s stock were exchanged, compared to its average volume of 1,218,500. The firm has a market cap of $23.30 billion, a P/E ratio of 45.11, a P/E/G ratio of 2.07 and a beta of 0.62. The business’s 50 day simple moving average is $184.81. Lululemon Athletica has a 1 year low of $110.71 and a 1 year high of $194.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.45 and a current ratio of 2.33.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $782.30 million during the quarter, compared to the consensus estimate of $755.92 million. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS. Sell-side analysts forecast that Lululemon Athletica will post 4.7 EPS for the current fiscal year.

In other news, Director David M. Mussafer sold 4,484 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total transaction of $834,472.40. Following the sale, the director now owns 18,947 shares in the company, valued at $3,526,036.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Piedmont Investment Advisors Inc. boosted its holdings in shares of Lululemon Athletica by 0.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 7,001 shares of the apparel retailer’s stock worth $1,147,000 after purchasing an additional 59 shares during the last quarter. Next Capital Management LLC boosted its holdings in shares of Lululemon Athletica by 15.6% during the second quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 59 shares during the last quarter. Resources Investment Advisors Inc. boosted its holdings in shares of Lululemon Athletica by 15.6% during the first quarter. Resources Investment Advisors Inc. now owns 445 shares of the apparel retailer’s stock worth $73,000 after purchasing an additional 60 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Lululemon Athletica by 35.6% during the second quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock worth $45,000 after purchasing an additional 68 shares during the last quarter. Finally, Advantage Investment Management LLC boosted its holdings in shares of Lululemon Athletica by 9.4% during the second quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock worth $153,000 after purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.

Lululemon Athletica Company Profile

lululemon athletica inc., 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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