lululemon athletica inc. (NASDAQ:LULU) has been given a $69.00 price target by stock analysts at Needham & Company LLC in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Needham & Company LLC’s target price would indicate a potential upside of 18.58% from the company’s current price.

Several other research analysts also recently commented on the company. Canaccord Genuity set a $41.00 target price on lululemon athletica inc. and gave the stock a “sell” rating in a research note on Tuesday, August 29th. Vetr upgraded lululemon athletica inc. from a “buy” rating to a “strong-buy” rating and set a $66.00 target price for the company in a research note on Wednesday, August 30th. Nomura restated a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Deutsche Bank AG restated a “hold” rating and issued a $59.00 target price on shares of lululemon athletica inc. in a research note on Friday, September 1st. Finally, FBR & Co restated a “hold” rating and issued a $55.00 target price on shares of lululemon athletica inc. in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $65.82.

Shares of lululemon athletica inc. (LULU) opened at 58.20 on Monday. The stock has a 50 day moving average of $60.57 and a 200-day moving average of $56.49. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $72.70. The company has a market cap of $7.88 billion, a PE ratio of 28.09 and a beta of 0.20.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The company had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities analysts forecast that lululemon athletica inc. will post $2.41 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its holdings in lululemon athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock worth $588,000 after acquiring an additional 97 shares in the last quarter. Suntrust Banks Inc. boosted its holdings in lululemon athletica inc. by 5.9% in the second quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock worth $252,000 after acquiring an additional 237 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in lululemon athletica inc. by 5.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,851 shares of the apparel retailer’s stock worth $303,000 after acquiring an additional 287 shares in the last quarter. Bender Robert & Associates boosted its holdings in lululemon athletica inc. by 0.4% in the second quarter. Bender Robert & Associates now owns 84,141 shares of the apparel retailer’s stock worth $5,021,000 after acquiring an additional 302 shares in the last quarter. Finally, AXA boosted its holdings in lululemon athletica inc. by 4.1% in the first quarter. AXA now owns 10,129 shares of the apparel retailer’s stock worth $525,000 after acquiring an additional 400 shares in the last quarter. 80.34% of the stock is currently owned by institutional investors and hedge funds.

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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