Citigroup Boosts lululemon athletica (LULU) Price Target to $78.00

lululemon athletica (NASDAQ:LULU) had its price target boosted by stock analysts at Citigroup to $78.00 in a report issued on Thursday. The firm currently has a “buy” rating on the apparel retailer’s stock. Citigroup’s target price would suggest a potential upside of 15.28% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of lululemon athletica from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. B. Riley reiterated a “neutral” rating on shares of lululemon athletica in a research note on Wednesday, November 1st. Cowen reiterated a “buy” rating and set a $78.00 price target on shares of lululemon athletica in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of lululemon athletica from $66.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $79.00 price target on shares of lululemon athletica in a research note on Thursday. Four equities research 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 company. The stock has an average rating of “Hold” and an average target price of $67.18.

lululemon athletica (NASDAQ LULU) opened at $67.66 on Thursday. lululemon athletica has a 52-week low of $47.26 and a 52-week high of $72.70. The stock has a market cap of $8,983.88, a price-to-earnings ratio of 30.44, a P/E/G ratio of 2.46 and a beta of 0.19.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. lululemon athletica had a net margin of 11.68% and a return on equity of 22.51%. The firm had revenue of $619.00 million for the quarter, compared to the consensus estimate of $610.56 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. equities analysts predict that lululemon athletica will post 2.43 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of LULU. Piedmont Investment Advisors LLC bought a new stake in lululemon athletica during the 3rd quarter worth about $1,197,000. California Public Employees Retirement System raised its holdings in lululemon athletica by 0.8% during the 3rd quarter. California Public Employees Retirement System now owns 216,882 shares of the apparel retailer’s stock worth $13,501,000 after purchasing an additional 1,782 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in lululemon athletica by 152.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,331 shares of the apparel retailer’s stock worth $1,203,000 after purchasing an additional 11,676 shares during the last quarter. Zions Bancorporation raised its holdings in lululemon athletica by 183.2% during the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock worth $130,000 after purchasing an additional 1,356 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC raised its holdings in lululemon athletica by 30.3% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 103,775 shares of the apparel retailer’s stock worth $6,460,000 after purchasing an additional 24,150 shares during the last quarter. Institutional investors and hedge funds own 79.45% of the company’s stock.

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About lululemon athletica

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 (NASDAQ:LULU)

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