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

Several equities analysts recently commented on LULU shares. FBR & Co reaffirmed an “underperform” rating and issued a $40.00 price objective on shares of Lululemon Athletica in a research report on Friday, May 6th. Ladenburg Thalmann reiterated an “outperform” rating on shares of Lululemon Athletica in a report on Saturday, April 16th. Vetr downgraded shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating and set a $74.10 price target on the stock. in a report on Tuesday, April 19th. Credit Suisse Group AG reiterated a “buy” rating and issued a $83.00 price target on shares of Lululemon Athletica in a report on Tuesday, June 21st. Finally, Macquarie reiterated an “underperform” rating and issued a $39.00 price target on shares of Lululemon Athletica in a report on Saturday, June 11th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Lululemon Athletica currently has a consensus rating of “Buy” and an average target price of $71.12.

The stock has a market capitalization of $10.65 billion and a P/E ratio of 41.24. The firm’s 50 day moving average price is $75.53 and its 200 day moving average price is $66.66.

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

Several institutional investors have recently modified their holdings of LULU. Vanguard Group Inc. boosted its position in shares of Lululemon Athletica by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 6,833,485 shares of the apparel retailer’s stock valued at $358,553,000 after buying an additional 110,623 shares during the period. 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. 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. Bank of Montreal Can boosted its position 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. Finally, Dai Ichi Life Insurance CO. LTD. bought a new position in shares of Lululemon Athletica during the fourth quarter worth about $1,071,000.

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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