BidaskClub upgraded shares of Lululemon Athletica (NASDAQ:LULU) from a hold rating to a buy rating in a research report released on Thursday morning, BidAskClub reports.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC restated a hold rating on shares of Lululemon Athletica in a research note on Thursday, December 12th. Stifel Nicolaus restated a buy rating and set a $273.00 price objective on shares of Lululemon Athletica in a research note on Thursday, December 12th. MKM Partners lifted their price objective on shares of Lululemon Athletica from $255.00 to $258.00 and gave the company a buy rating in a research note on Thursday, December 12th. Barclays started coverage on shares of Lululemon Athletica in a research note on Monday, November 25th. They set an overweight rating and a $257.00 price objective on the stock. Finally, Bank of America restated a buy rating and set a $268.00 price objective (up from $230.00) on shares of Lululemon Athletica in a research note on Monday, December 9th. Fifteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $238.17.

Shares of NASDAQ LULU traded up $0.55 during midday trading on Thursday, reaching $254.41. 950,865 shares of the company traded hands, compared to its average volume of 1,321,723. Lululemon Athletica has a 52 week low of $141.01 and a 52 week high of $256.80. The stock has a 50-day moving average price of $239.75 and a 200 day moving average price of $210.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.53 and a quick ratio of 1.43. The company has a market cap of $32.38 billion, a price-to-earnings ratio of 59.03, a PEG ratio of 2.29 and a beta of 0.79.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, December 11th. The apparel retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Lululemon Athletica had a net margin of 15.10% and a return on equity of 39.71%. The business had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $897.58 million. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. As a group, analysts expect that Lululemon Athletica will post 4.96 EPS for the current year.

In other Lululemon Athletica news, COO Stuart Haselden sold 27,451 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $232.78, for a total value of $6,390,043.78. Following the sale, the chief operating officer now directly owns 15,247 shares in the company, valued at $3,549,196.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David M. Mussafer sold 4,673 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $217.00, for a total transaction of $1,014,041.00. Following the completion of the sale, the director now owns 18,947 shares in the company, valued at $4,111,499. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of LULU. Savior LLC purchased a new position in Lululemon Athletica in the 4th quarter worth about $26,000. Venturi Wealth Management LLC purchased a new position in Lululemon Athletica in the 3rd quarter worth about $29,000. Golden State Wealth Management LLC increased its stake in Lululemon Athletica by 70.0% in the 3rd quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 70 shares in the last quarter. Howard Wealth Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth about $34,000. Finally, Allworth Financial LP increased its stake in Lululemon Athletica by 167.7% in the 4th quarter. Allworth Financial LP now owns 166 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 104 shares in the last quarter. 79.65% of the stock is currently owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

lululemon athletica inc., 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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