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

A number of research firms recently issued reports on LULU. SunTrust Banks Inc. lifted their target price on Lululemon Athletica from $66.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, March 31st. Cowen and Company reiterated an “outperform” rating and set a $76.00 price target on shares of Lululemon Athletica in a report on Thursday, May 5th. TheStreet upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a report on Wednesday, March 30th. Vetr upgraded Lululemon Athletica from a “sell” rating to a “hold” rating and set a $62.60 price target for the company in a report on Monday, April 11th. Finally, FBR & Co reiterated a “sell” rating on shares of Lululemon Athletica in a report on Wednesday, March 30th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $70.33.

The stock has a 50-day moving average price of $71.64 and a 200-day moving average price of $63.94. The company has a market cap of $10.66 billion and a P/E ratio of 41.27.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data 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 analysts’ expectations of $487.68 million. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.34 EPS. Equities analysts forecast that Lululemon Athletica Inc. will post $2.14 earnings per share for the current fiscal year.

Other hedge funds recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Lululemon Athletica by 14.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 256,943 shares of the apparel retailer’s stock valued at $13,480,000 after buying an additional 32,979 shares during the period. Rail Splitter Capital Management LLC bought a new stake in Lululemon Athletica during the fourth quarter valued at $10,556,000. Jennison Associates LLC bought a new stake in Lululemon Athletica during the fourth quarter valued at $54,736,000. Advisors Asset Management Inc. boosted its stake in Lululemon Athletica by 21.3% in the fourth quarter. Advisors Asset Management Inc. now owns 22,604 shares of the apparel retailer’s stock valued at $1,186,000 after buying an additional 3,968 shares during the period. Finally, Pitcairn Co. boosted its stake in Lululemon Athletica by 34.0% in the fourth quarter. Pitcairn Co. now owns 19,164 shares of the apparel retailer’s stock valued at $1,006,000 after buying an additional 4,862 shares during the period.

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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