Lululemon Athletica (NASDAQ:LULU) had its target price lifted by Argus from $360.00 to $380.00 in a research report sent to investors on Monday, The Fly reports. Argus currently has a buy rating on the apparel retailer’s stock.

A number of other equities analysts also recently weighed in on LULU. B. Riley increased their price target on shares of Lululemon Athletica from $317.00 to $385.00 and gave the stock a buy rating in a research note on Tuesday, August 18th. Wells Fargo & Company downgraded shares of Lululemon Athletica to a hold rating and set a $275.00 target price on the stock. in a research note on Monday, June 8th. Morgan Stanley raised their target price on shares of Lululemon Athletica from $306.00 to $320.00 and gave the company an equal weight rating in a research note on Friday, September 11th. Exane BNP Paribas downgraded shares of Lululemon Athletica from an outperform rating to a neutral rating in a research note on Thursday, August 27th. Finally, DA Davidson raised their target price on shares of Lululemon Athletica from $190.00 to $300.00 and gave the company a neutral rating in a research note on Friday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $355.58.

NASDAQ:LULU opened at $303.11 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.95 and a debt-to-equity ratio of 0.32. The company has a market cap of $39.47 billion, a P/E ratio of 73.57, a P/E/G ratio of 3.97 and a beta of 1.14. Lululemon Athletica has a fifty-two week low of $128.85 and a fifty-two week high of $399.90. The firm’s 50 day moving average is $348.94 and its two-hundred day moving average is $276.84.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Tuesday, September 8th. The apparel retailer reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.18. The company had revenue of $902.90 million for the quarter, compared to the consensus estimate of $847.38 million. Lululemon Athletica had a net margin of 13.94% and a return on equity of 29.52%. Lululemon Athletica’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. Research analysts forecast that Lululemon Athletica will post 4.31 earnings per share for the current fiscal year.

In related news, EVP Celeste Burgoyne sold 4,723 shares of Lululemon Athletica stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $304.52, for a total value of $1,438,247.96. Following the sale, the executive vice president now directly owns 6,780 shares in the company, valued at approximately $2,064,645.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michelle Sun Choe sold 4,744 shares of Lululemon Athletica stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $312.15, for a total transaction of $1,480,839.60. Following the completion of the sale, the insider now owns 10,370 shares in the company, valued at $3,236,995.50. The disclosure for this sale can be found here. Insiders sold a total of 9,835 shares of company stock valued at $3,034,021 over the last ninety days. Company insiders own 0.32% of the company’s stock.

A number of large investors have recently modified their holdings of LULU. Amundi Pioneer Asset Management Inc. lifted its position in Lululemon Athletica by 6.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 72,706 shares of the apparel retailer’s stock valued at $11,914,000 after purchasing an additional 4,589 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Lululemon Athletica by 10.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 16,530 shares of the apparel retailer’s stock worth $3,133,000 after buying an additional 1,584 shares in the last quarter. First Manhattan Co. raised its position in shares of Lululemon Athletica by 5,083.3% during the 1st quarter. First Manhattan Co. now owns 1,555 shares of the apparel retailer’s stock worth $294,000 after buying an additional 1,525 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Lululemon Athletica by 95.1% during the 1st quarter. AE Wealth Management LLC now owns 2,575 shares of the apparel retailer’s stock worth $488,000 after buying an additional 1,255 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in shares of Lululemon Athletica by 27.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 1,252 shares of the apparel retailer’s stock worth $237,000 after buying an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

About Lululemon Athletica

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.

Featured Article: How is a Moving Average Calculated?

The Fly

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.