Lululemon Athletica Inc. (NASDAQ:LULU)’s share price rose 1.9% during mid-day 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.

LULU has been the topic of several research reports. Goldman Sachs Group Inc. reissued a “sell” rating and set a $48.00 price objective on shares of Lululemon Athletica in a report on Thursday, June 9th. Vetr lowered shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating and set a $74.10 price objective on the stock. in a report on Tuesday, April 19th. Wells Fargo & Co. reissued an “outperform” rating and set a $85.00 price objective (up from $76.00) on shares of Lululemon Athletica in a report on Friday, July 15th. Nomura reissued a “buy” rating and set a $75.00 price objective on shares of Lululemon Athletica in a report on Wednesday, July 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Lululemon Athletica in a report on Wednesday, June 15th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-five have assigned a buy rating to the stock. Lululemon Athletica presently has an average rating of “Buy” and a consensus target price of $70.33.

The firm has a market cap of $10.48 billion and a P/E ratio of 40.60. The stock has a 50 day moving average price of $73.61 and a 200-day moving average price of $65.19.

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

Other large investors recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in 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. Vanguard Group Inc. increased its stake in Lululemon Athletica by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 6,833,485 shares of the apparel retailer’s stock worth $358,553,000 after buying an additional 110,623 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. increased its stake in 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. Thornburg Investment Management Inc. increased its stake in Lululemon Athletica by 835,608.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 417,854 shares of the apparel retailer’s stock worth $21,925,000 after buying an additional 417,804 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in 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.

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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