Lululemon Athletica (NASDAQ:LULU) was upgraded by investment analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $200.00 price objective on the apparel retailer’s stock, up from their previous price objective of $144.00. Wells Fargo & Co’s target price would suggest a potential upside of 26.23% from the stock’s current price.

LULU has been the subject of several other research reports. Susquehanna Bancshares raised their target price on shares of Lululemon Athletica from $97.00 to $121.00 and gave the stock a “positive” rating in a report on Friday, June 1st. Barclays raised their target price on shares of Lululemon Athletica from $150.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, August 31st. Cowen set a $175.00 target price on shares of Lululemon Athletica and gave the stock a “buy” rating in a report on Friday, August 31st. Nomura lifted their price objective on shares of Lululemon Athletica from $90.00 to $120.00 and gave the company a “buy” rating in a report on Friday, June 1st. Finally, BidaskClub lowered shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Fourteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $145.00.

Lululemon Athletica stock opened at $158.44 on Monday. The stock has a market capitalization of $20.35 billion, a PE ratio of 61.12, a PEG ratio of 2.30 and a beta of 0.09. Lululemon Athletica has a 12-month low of $57.19 and a 12-month high of $160.68.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.22. The firm had revenue of $723.50 million during the quarter, compared to analyst estimates of $669.14 million. Lululemon Athletica had a net margin of 11.97% and a return on equity of 28.67%. During the same quarter last year, the business earned $0.39 EPS. research analysts expect that Lululemon Athletica will post 3.56 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of LULU. Laurion Capital Management LP increased its position in Lululemon Athletica by 6,457.1% during the 2nd quarter. Laurion Capital Management LP now owns 1,606,478 shares of the apparel retailer’s stock valued at $200,569,000 after purchasing an additional 1,581,978 shares during the period. Artisan Partners Limited Partnership purchased a new position in Lululemon Athletica during the 2nd quarter valued at about $130,068,000. BlackRock Inc. increased its position in Lululemon Athletica by 19.3% during the 2nd quarter. BlackRock Inc. now owns 6,030,449 shares of the apparel retailer’s stock valued at $752,900,000 after purchasing an additional 974,511 shares during the period. BNP Paribas Arbitrage SA increased its position in Lululemon Athletica by 10,743.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 858,676 shares of the apparel retailer’s stock valued at $107,206,000 after purchasing an additional 850,757 shares during the period. Finally, Wells Fargo & Company MN increased its position in Lululemon Athletica by 91.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,000,498 shares of the apparel retailer’s stock valued at $124,912,000 after purchasing an additional 476,803 shares during the period. 79.54% of the stock is currently owned by institutional investors and hedge funds.

About Lululemon Athletica

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

See Also: Hedge Funds

Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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