Lululemon Athletica inc. (NASDAQ:LULU) fell 5.6% during mid-day trading on Monday . The stock traded as low as $126.62 and last traded at $126.99. 2,699,017 shares changed hands during mid-day trading, an increase of 36% from the average session volume of 1,978,033 shares. The stock had previously closed at $134.53.

Several brokerages have issued reports on LULU. BidaskClub lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus lifted their price target on shares of Lululemon Athletica from $113.00 to $150.00 and gave the company a “hold” rating in a research note on Friday, August 31st. B. Riley lifted their price target on shares of Lululemon Athletica from $112.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, August 15th. SunTrust Banks lifted their price target on shares of Lululemon Athletica to $162.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Finally, Telsey Advisory Group lifted their price objective on shares of Lululemon Athletica from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, August 31st. Fourteen analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $154.36.

The firm has a market capitalization of $17.81 billion, a P/E ratio of 49.03, a PEG ratio of 1.95 and a beta of 0.38.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, August 30th. The apparel retailer reported $0.71 EPS for the quarter, topping the consensus estimate of $0.49 by $0.22. The business had revenue of $723.50 million during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $0.39 EPS. On average, research analysts predict that Lululemon Athletica inc. will post 3.58 EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Lululemon Athletica by 10.8% during the 3rd quarter. BlackRock Inc. now owns 6,680,814 shares of the apparel retailer’s stock worth $1,085,564,000 after buying an additional 650,365 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Lululemon Athletica by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,873,494 shares of the apparel retailer’s stock worth $466,913,000 after buying an additional 328,478 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Lululemon Athletica by 32.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,830,681 shares of the apparel retailer’s stock worth $459,958,000 after buying an additional 688,881 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Lululemon Athletica by 4.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,022,061 shares of the apparel retailer’s stock worth $328,565,000 after buying an additional 81,001 shares during the period. Finally, Laurion Capital Management LP boosted its holdings in shares of 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 worth $200,569,000 after buying an additional 1,581,978 shares during the period. 78.53% of the stock is owned by institutional investors and hedge funds.

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About Lululemon Athletica (NASDAQ:LULU)

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.

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