lululemon athletica inc. (NASDAQ:LULU) has been assigned a $55.00 price objective by investment analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday. The brokerage presently has a “hold” rating on the apparel retailer’s stock. BMO Capital Markets’ price target would indicate a potential downside of 12.04% from the stock’s previous close.

A number of other equities analysts also recently commented on LULU. Vetr upgraded lululemon athletica inc. from a “sell” rating to a “hold” rating and set a $51.92 target price for the company in a research note on Monday, April 10th. Stifel Nicolaus upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and lifted their target price for the company from $51.70 to $60.00 in a research note on Wednesday, April 12th. Cowen and Company set a $64.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a research note on Thursday, April 20th. Berenberg Bank initiated coverage on lululemon athletica inc. in a research note on Tuesday, May 16th. They issued a “hold” rating and a $54.00 target price for the company. Finally, Credit Suisse Group restated a “hold” rating and issued a $56.00 target price on shares of lululemon athletica inc. in a research note on Wednesday, May 17th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have given a buy rating to the stock. lululemon athletica inc. presently has an average rating of “Hold” and a consensus price target of $64.80.

Shares of lululemon athletica inc. (LULU) opened at 62.53 on Tuesday. The firm’s 50-day moving average price is $58.80 and its 200-day moving average price is $58.53. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $81.81. The firm has a market capitalization of $8.55 billion, a PE ratio of 29.62 and a beta of 0.25.

lululemon athletica inc. (NASDAQ:LULU) last issued its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, beating 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 company had revenue of $520.30 million during the quarter, compared to the consensus estimate of $513.99 million. During the same period in the previous year, the firm posted $0.33 earnings per share. lululemon athletica inc.’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts predict that lululemon athletica inc. will post $2.34 earnings per share for the current fiscal year.

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In related news, Director Glenn Murphy purchased 100,000 shares of the stock in a transaction dated Tuesday, June 27th. The shares were 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 directly owns 100,344 shares in the company, valued at approximately $5,569,092. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Large investors have recently modified their holdings of the company. Exane Derivatives acquired a new stake in shares of lululemon athletica inc. during the second quarter worth about $106,000. Global X Management Co. LLC boosted its stake in shares of lululemon athletica inc. by 39.7% in the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after buying an additional 719 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of 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. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of lululemon athletica inc. by 40.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock worth $182,000 after buying an additional 1,000 shares in the last quarter. Finally, Suntrust Banks Inc. acquired a new stake in shares of lululemon athletica inc. during the first quarter worth about $206,000. Hedge funds and other institutional investors own 80.15% 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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