Lululemon Athletica Inc. (NASDAQ:LULU) hit a new 52-week high during trading on Thursday . The stock traded as high as $77.96 and last traded at $77.08, with a volume of 629,231 shares traded. The stock had previously closed at $76.81.

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price target on Lululemon Athletica from $67.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, March 24th. Morgan Stanley reissued an “outperform” rating and set a $71.00 price target on shares of Lululemon Athletica in a research note on Wednesday, June 1st. MKM Partners reissued a “buy” rating and set a $77.00 price target on shares of Lululemon Athletica in a research note on Wednesday, June 1st. Goldman Sachs Group Inc. boosted their price target on Lululemon Athletica from $43.00 to $48.00 and gave the stock a “sell” rating in a research note on Thursday, March 31st. Finally, Bank of America Corp. reissued an “underperform” rating and set a $50.00 price target on shares of Lululemon Athletica in a research note on Thursday, March 31st. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $69.74.

The stock has a 50 day moving average of $70.79 and a 200-day moving average of $63.66. The company has a market cap of $10.56 billion and a P/E ratio of 40.90.

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

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its position in Lululemon Athletica by 11.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 114,805 shares of the apparel retailer’s stock valued at $6,024,000 after buying an additional 12,193 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Lululemon Athletica by 3.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 53,711 shares of the apparel retailer’s stock valued at $2,820,000 after buying an additional 2,008 shares during the last quarter. Swiss National Bank boosted its position in shares of Lululemon Athletica by 1.1% in the fourth quarter. Swiss National Bank now owns 205,055 shares of the apparel retailer’s stock valued at $10,759,000 after buying an additional 2,300 shares during the last quarter. Rhumbline Advisers boosted 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 last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its position 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 during 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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