Lululemon Athletica Inc. (NASDAQ:LULU)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $81.05 and last traded at $80.28, with a volume of 334,622 shares trading hands. The stock had previously closed at $80.11.

Several equities analysts recently commented on the stock. Robert W. Baird reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Tuesday, June 28th. Zacks Investment Research cut shares of Lululemon Athletica from a “hold” rating to a “sell” rating in a research note on Wednesday. Cowen and Company reaffirmed an “outperform” rating and set a $76.00 price objective on shares of Lululemon Athletica in a research note on Thursday, May 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $74.00 price objective (up previously from $71.00) on shares of Lululemon Athletica in a research note on Thursday, June 9th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Lululemon Athletica in a research note on Tuesday, June 7th. Six 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 company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $71.55.

The stock’s 50 day moving average price is $77.89 and its 200 day moving average price is $68.13. The company has a market cap of $10.98 billion and a PE ratio of 42.54.

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

A number of institutional investors have recently made changes to their positions in the company. Bank of Montreal Can increased 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 in the last quarter. State of New Jersey Common Pension Fund D raised its stake 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 worth $3,043,000 after buying an additional 10,000 shares during the last quarter. Advisors Asset Management Inc. raised 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, Jennison Associates LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $54,736,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.