Shares of Lululemon Athletica Inc. (NASDAQ:LULU) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $75.25 and last traded at $75.04, with a volume of 619,423 shares. The stock had previously closed at $74.41.

Several research firms have recently issued reports on LULU. Robert W. Baird reiterated an “outperform” rating on shares of Lululemon Athletica in a research note on Tuesday, June 28th. Cowen and Company reiterated an “outperform” rating and issued a $76.00 target price on shares of Lululemon Athletica in a research note on Thursday, May 5th. Morgan Stanley reiterated an “overweight” rating and issued a $74.00 target price (up previously from $71.00) on shares of Lululemon Athletica in a research note on Thursday, June 9th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $80.00 target price on shares of Lululemon Athletica in a research note on Tuesday, June 7th. Finally, Jefferies Group reiterated a “buy” rating on shares of Lululemon Athletica in a research note on Wednesday, June 8th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $69.59.

The firm has a market capitalization of $10.27 billion and a P/E ratio of 39.78. The company has a 50 day moving average of $68.64 and a 200-day moving average of $62.87.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, June 8th. The apparel retailer reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business earned $495.50 million during the quarter, compared to the consensus estimate of $487.68 million. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. Analysts predict that Lululemon Athletica Inc. will post $2.14 earnings per share for the current fiscal year.

A number of institutional investors have made changes to their positions in the stock. Gulf International Bank UK Ltd increased its position in shares of Lululemon Athletica by 1.2% in the fourth quarter. Gulf International Bank UK Ltd now owns 30,137 shares of the apparel retailer’s stock valued at $1,581,000 after buying an additional 350 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its position in shares of Lululemon Athletica by 0.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 160,464 shares of the apparel retailer’s stock valued at $8,278,000 after buying an additional 574 shares during the period. Rhumbline Advisers increased its position in shares of Lululemon Athletica by 0.9% in the fourth quarter. Rhumbline Advisers now owns 98,134 shares of the apparel retailer’s stock valued at $5,149,000 after buying an additional 835 shares during the period. Russell Frank Co boosted its stake in shares of Lululemon Athletica by 0.3% in the fourth quarter. Russell Frank Co now owns 313,380 shares of the apparel retailer’s stock valued at $16,167,000 after buying an additional 1,033 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in shares of Lululemon Athletica by 2.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 53,409 shares of the apparel retailer’s stock valued at $2,802,000 after buying an additional 1,435 shares in the last quarter.

Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.

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