Shares of Lululemon Athletica Inc. (NASDAQ:LULU) traded up 1.9% during trading on Monday . The stock traded as high as $77.82 and last traded at $77.55, with a volume of 668,187 shares trading hands. The stock had previously closed at $76.14.

Several analysts have commented on the stock. Morgan Stanley restated an “outperform” rating and set a $71.00 price objective on shares of Lululemon Athletica in a research note on Wednesday, June 1st. MKM Partners reiterated a “buy” rating and issued a $77.00 target price on shares of Lululemon Athletica in a research note on Wednesday, June 1st. Goldman Sachs Group Inc. boosted their target price on shares of Lululemon Athletica from $43.00 to $48.00 and gave the company a “sell” rating in a research note on Thursday, March 31st. Bank of America Corp. reiterated an “underperform” rating and issued a $50.00 target price on shares of Lululemon Athletica in a research note on Thursday, March 31st. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Lululemon Athletica in a research note on Wednesday, June 1st. 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 stock. The stock has a consensus rating of “Buy” and an average target price of $70.33.

The stock has a market cap of $10.63 billion and a PE ratio of 41.16. The firm has a 50 day moving average price of $73.08 and a 200-day moving average price of $64.72.

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

Several institutional investors recently modified their holdings of the company. Gulf International Bank UK Ltd boosted 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 worth $1,581,000 after buying an additional 350 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. boosted 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 worth $8,278,000 after buying an additional 574 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 worth $5,149,000 after buying an additional 835 shares during the last quarter. Edge Asset Management Inc. boosted its position in shares of Lululemon Athletica by 5.3% in the fourth quarter. Edge Asset Management Inc. now owns 70,826 shares of the apparel retailer’s stock worth $3,716,000 after buying an additional 3,567 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Lululemon Athletica by 21.3% in the fourth quarter. Advisors Asset Management Inc. now owns 22,604 shares of the apparel retailer’s stock worth $1,186,000 after buying an additional 3,968 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.