Shares of Lululemon Athletica Inc. (NASDAQ:LULU) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $81.05 and last traded at $80.28, with a volume of 334,622 shares changing hands. The stock had previously closed at $80.11.

A number of analysts have recently issued reports on LULU shares. Vetr upgraded Lululemon Athletica from a “buy” rating to a “strong-buy” rating and set a $74.10 target price for the company in a report on Monday, April 25th. Cowen and Company restated an “outperform” rating and issued a $76.00 target price on shares of Lululemon Athletica in a report on Thursday, May 5th. FBR & Co restated an “underperform” rating and issued a $40.00 target price on shares of Lululemon Athletica in a report on Friday, May 6th. Bank of America Corp. restated an “underperform” rating and issued a $50.00 target price on shares of Lululemon Athletica in a report on Monday, May 16th. Finally, Sterne Agee CRT restated a “buy” rating on shares of Lululemon Athletica in a report on Monday, May 16th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $71.55.

The company’s 50-day moving average is $77.63 and its 200 day moving average is $67.91. The company has a market capitalization of $11.01 billion and a price-to-earnings ratio of 42.65.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, June 8th. The apparel retailer reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by $0.01. The business had revenue of $495.50 million for the quarter, compared to analyst estimates of $487.68 million. During the same quarter last year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, analysts expect that Lululemon Athletica Inc. will post $2.15 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Rail Splitter Capital Management LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $10,556,000. Jennison Associates LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $54,736,000. 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 valued at $1,186,000 after buying an additional 3,968 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Lululemon Athletica by 20.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 58,000 shares of the apparel retailer’s stock valued at $3,043,000 after buying an additional 10,000 shares in the last quarter. Finally, Andra AP fonden boosted 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 valued at $1,170,000 after buying an additional 7,800 shares in 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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