Jefferies Group LLC reiterated their hold rating on shares of lululemon athletica inc. (NASDAQ:LULU) in a research report sent to investors on Friday morning. The firm currently has a $56.00 price objective on the apparel retailer’s stock.

A number of other brokerages have also commented on LULU. Stifel Nicolaus dropped their target price on lululemon athletica inc. from $67.00 to $60.00 and set a hold rating on the stock in a research report on Thursday, March 30th. UBS AG lowered lululemon athletica inc. from a positive rating to a neutral rating in a research report on Thursday, March 30th. Nomura dropped their target price on lululemon athletica inc. from $72.00 to $65.00 and set a buy rating on the stock in a research report on Thursday, March 30th. SunTrust Banks, Inc. set a $69.00 target price on lululemon athletica inc. and gave the company a buy rating in a research report on Saturday, April 1st. Finally, Barclays PLC set a $85.00 target price on lululemon athletica inc. and gave the company a buy rating in a research report on Saturday, June 3rd. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $64.42.

lululemon athletica inc. (LULU) traded down 0.12% during trading on Friday, reaching $59.74. 1,490,440 shares of the company’s stock traded hands. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 28.30 and a beta of 0.23. The company has a 50 day moving average of $51.98 and a 200 day moving average of $59.64. lululemon athletica inc. has a one year low of $47.26 and a one year high of $81.81.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The business had revenue of $520.30 million for the quarter, compared to analyst estimates of $513.99 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Equities research analysts predict that lululemon athletica inc. will post $2.33 EPS for the current year.

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In other lululemon athletica inc. news, Director Glenn Murphy purchased 100,000 shares of the stock in a transaction dated Tuesday, June 27th. The stock was acquired at an average cost of $55.50 per share, for a total transaction of $5,550,000.00. Following the acquisition, the director now owns 100,344 shares in the company, valued at approximately $5,569,092. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.29% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in lululemon athletica inc. by 21.3% in the first quarter. Janney Montgomery Scott LLC now owns 22,469 shares of the apparel retailer’s stock worth $1,165,000 after buying an additional 3,944 shares in the last quarter. First Mercantile Trust Co. boosted its position in lululemon athletica inc. by 4.0% in the first quarter. First Mercantile Trust Co. now owns 10,400 shares of the apparel retailer’s stock worth $539,000 after buying an additional 400 shares in the last quarter. Korea Investment CORP boosted its position in lululemon athletica inc. by 10.4% in the first quarter. Korea Investment CORP now owns 46,800 shares of the apparel retailer’s stock worth $2,428,000 after buying an additional 4,400 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock worth $142,000 after buying an additional 121 shares in the last quarter. Finally, Rothschild Investment Corp IL boosted its position in lululemon athletica inc. by 8.5% in the first quarter. Rothschild Investment Corp IL now owns 6,400 shares of the apparel retailer’s stock worth $332,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 79.85% of the company’s stock.

lululemon athletica inc. Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

Analyst Recommendations for lululemon athletica inc. (NASDAQ:LULU)

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