Lululemon (NASDAQ: LULU) was downgraded by investment analysts at Credit Agricole from an “underperform” rating to a “sell” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.

Shares of Lululemon (NASDAQ: LULU) traded down 3.63% during mid-day trading on Friday, hitting $62.35. Lululemon has a 52 week low of $52.20 and a 52 week high of $81.09. The stock’s 50-day moving average is currently $67.61. The company has a market cap of $8.988 billion and a P/E ratio of 39.94.

Lululemon (NASDAQ: LULU) last released its earnings data on Thursday, March 21st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $485.50 million for the quarter, compared to the consensus estimate of $482.59 million. During the same quarter last year, the company posted $0.51 earnings per share. Lululemon’s revenue was up 30.7% compared to the same quarter last year. Lululemon has set its Q1 guidance at $0.28-0.30 EPS and its FY14 guidance at $1.95-1.99 EPS. On average, analysts predict that Lululemon will post $2.12 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on LULU. Analysts at Wedbush cut their price target on shares of Lululemon from $85.00 to $75.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at KeyBanc cut their price target on shares of Lululemon from $82.00 to $78.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Lululemon from $91.00 to $87.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.

Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Lululemon presently has a consensus rating of “Buy” and a consensus price target of $77.18.

Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.

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