Lululemon Athletica Inc. (NASDAQ:LULU)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.50 and last traded at $77.36, with a volume of 550,987 shares traded. The stock had previously closed at $77.58.

A number of equities analysts have recently issued reports on LULU shares. Goldman Sachs Group Inc. reissued a “sell” rating and set a $48.00 price objective on shares of Lululemon Athletica in a research report on Thursday, June 9th. Vetr cut 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 research report on Tuesday, April 19th. Wells Fargo & Co. reissued an “outperform” rating and set a $85.00 price objective (up previously from $76.00) on shares of Lululemon Athletica in a research report on Friday, July 15th. Nomura reissued a “buy” rating and set a $75.00 price objective on shares of Lululemon Athletica in a research report on Wednesday, July 6th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Lululemon Athletica in a research report on Wednesday, June 15th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $70.28.

The stock has a market capitalization of $10.54 billion and a PE ratio of 40.83. The company’s 50-day moving average is $73.86 and its 200 day moving average is $65.28.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, June 8th. The apparel retailer reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.01. The company had revenue of $495.50 million for the quarter, compared to the consensus estimate of $487.68 million. During the same quarter last year, the business posted $0.34 EPS. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, analysts anticipate that Lululemon Athletica Inc. will post $2.14 earnings per share for the current year.

A number of hedge funds and institutional investors recently modified their holdings of the stock. Pitcairn Co. increased its position in shares of Lululemon Athletica by 34.0% in the fourth quarter. Pitcairn Co. now owns 19,164 shares of the apparel retailer’s stock worth $1,006,000 after buying an additional 4,862 shares during the period. Dai Ichi Life Insurance CO. LTD. bought a new position in shares of Lululemon Athletica during the fourth quarter worth $1,071,000. Andra AP fonden increased its position in shares of Lululemon Athletica by 53.8% in the fourth quarter. Andra AP fonden now owns 22,300 shares of the apparel retailer’s stock worth $1,170,000 after buying an additional 7,800 shares during the period. Advisors Asset Management Inc. increased 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 period. Finally, Cowen Group Inc. bought a new position in shares of Lululemon Athletica during the fourth quarter worth $1,269,000.

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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