Lululemon Athletica (NASDAQ:LULU) had its price objective trimmed by Royal Bank of Canada to $165.00 in a research report released on Friday, The Fly reports. The brokerage currently has an outperform rating on the apparel retailer’s stock.

A number of other equities research analysts also recently issued reports on LULU. B. Riley upped their price objective on shares of Lululemon Athletica from $112.00 to $128.00 and gave the stock a neutral rating in a research report on Wednesday, August 15th. Argus raised shares of Lululemon Athletica from a hold rating to a buy rating and set a $150.00 price objective for the company in a research report on Thursday, August 16th. Deutsche Bank upped their price objective on shares of Lululemon Athletica from $137.00 to $138.00 and gave the stock a buy rating in a research report on Monday, August 20th. Buckingham Research upped their price objective on shares of Lululemon Athletica from $110.00 to $130.00 and gave the stock a neutral rating in a research report on Monday, August 20th. Finally, ValuEngine raised shares of Lululemon Athletica from a buy rating to a strong-buy rating in a research report on Monday, August 20th. Thirteen analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $157.67.

LULU stock traded down $17.57 during trading on Friday, reaching $113.87. The stock had a trading volume of 8,045,949 shares, compared to its average volume of 2,213,774. Lululemon Athletica has a one year low of $72.13 and a one year high of $164.79. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 1.90 and a beta of 0.37.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, December 6th. The apparel retailer reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.06. Lululemon Athletica had a net margin of 12.63% and a return on equity of 29.73%. The business had revenue of $747.70 million during the quarter, compared to the consensus estimate of $736.10 million. During the same period in the prior year, the firm posted $0.56 EPS. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. As a group, research analysts predict that Lululemon Athletica will post 3.59 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its holdings in Lululemon Athletica by 1.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 35,662 shares of the apparel retailer’s stock worth $5,795,000 after buying an additional 357 shares during the period. Logan Capital Management Inc. lifted its stake in Lululemon Athletica by 1.9% in the 3rd quarter. Logan Capital Management Inc. now owns 21,459 shares of the apparel retailer’s stock worth $3,487,000 after purchasing an additional 408 shares in the last quarter. Northwest Wealth Management LLC lifted its stake in Lululemon Athletica by 50.0% in the 3rd quarter. Northwest Wealth Management LLC now owns 1,500 shares of the apparel retailer’s stock worth $244,000 after purchasing an additional 500 shares in the last quarter. Zacks Investment Management lifted its stake in Lululemon Athletica by 4.4% in the 2nd quarter. Zacks Investment Management now owns 13,803 shares of the apparel retailer’s stock worth $1,723,000 after purchasing an additional 581 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Lululemon Athletica by 0.4% in the 3rd quarter. Victory Capital Management Inc. now owns 138,777 shares of the apparel retailer’s stock worth $22,549,000 after purchasing an additional 583 shares in the last quarter. 79.24% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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