Shares of Lululemon Athletica Inc. (NASDAQ:LULU) reached a new 52-week high on Monday . The company traded as high as $78.96 and last traded at $78.78, with a volume of 618,714 shares trading hands. The stock had previously closed at $77.80.

LULU has been the subject of a number of analyst reports. FBR & Co restated an “underperform” rating and set a $40.00 price objective on shares of Lululemon Athletica in a research note on Friday, May 6th. Ladenburg Thalmann restated an “outperform” rating on shares of Lululemon Athletica in a research note on Saturday, April 16th. Vetr upgraded shares of Lululemon Athletica from a “sell” rating to a “hold” rating and set a $62.60 price objective for the company in a research note on Monday, April 11th. Credit Suisse Group AG restated a “buy” rating and set a $83.00 price objective on shares of Lululemon Athletica in a research note on Tuesday, June 21st. Finally, Macquarie restated an “underperform” rating and set a $39.00 price objective on shares of Lululemon Athletica in a research note on Saturday, June 11th. Six 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 company. The stock presently has an average rating of “Buy” and an average target price of $71.12.

The stock has a market capitalization of $10.79 billion and a price-to-earnings ratio of 41.80. The company’s 50 day moving average is $75.16 and its 200-day moving average is $66.22.

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

Several hedge funds have modified their holdings of the company. Pitcairn Co. increased its stake 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 last quarter. Dai Ichi Life Insurance CO. LTD. acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth about $1,071,000. Andra AP fonden increased its stake 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 last quarter. Advisors Asset Management Inc. increased its stake 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. Finally, Bank of Montreal Can increased its stake in shares of Lululemon Athletica by 116.9% in the fourth quarter. Bank of Montreal Can now owns 27,009 shares of the apparel retailer’s stock worth $1,417,000 after buying an additional 14,557 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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