Shares of Lululemon Athletica Inc. (NASDAQ:LULU) were down 2.4% during mid-day trading on Friday . The company traded as low as $78.47 and last traded at $78.69, with a volume of 1,435,979 shares trading hands. The stock had previously closed at $80.59.

LULU has been the topic of a number of research analyst reports. Telsey Advisory Group upped their target price on Lululemon Athletica from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. Goldman Sachs Group Inc. restated a “sell” rating and issued a $48.00 target price on shares of Lululemon Athletica in a research note on Thursday, June 9th. Jefferies Group restated a “buy” rating on shares of Lululemon Athletica in a research note on Monday, August 1st. Zacks Investment Research lowered Lululemon Athletica from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Wells Fargo & Co. restated an “outperform” rating and issued a $85.00 target price (up from $76.00) on shares of Lululemon Athletica in a research note on Friday, July 15th. Six investment 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 has an average rating of “Buy” and an average target price of $71.85.

The firm has a market cap of $10.71 billion and a price-to-earnings ratio of 41.48. The company’s 50 day moving average is $78.15 and its 200 day moving average is $68.37.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, June 8th. The apparel retailer reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business earned $495.50 million during the quarter, compared to analyst estimates of $487.68 million. During the same period in the previous year, the business earned $0.34 EPS. Lululemon Athletica’s revenue for the quarter was up 17.0% on a year-over-year basis. Analysts anticipate that Lululemon Athletica Inc. will post $2.15 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in LULU. 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. 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. Finally, Bank of Montreal Can raised 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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