lululemon athletica inc. (LULU) Upgraded to Buy at Vetr Inc.

Vetr upgraded shares of lululemon athletica inc. (NASDAQ:LULU) from a hold rating to a buy rating in a research note released on Tuesday, May 16th. Vetr currently has $54.75 price objective on the apparel retailer’s stock.

A number of other brokerages have also issued reports on LULU. Cowen and Company set a $64.00 price target on shares of lululemon athletica inc. and gave the stock a buy rating in a research note on Thursday, April 20th. Jefferies Group LLC reiterated a hold rating and set a $64.00 price target on shares of lululemon athletica inc. in a research note on Tuesday, March 28th. Stifel Nicolaus upgraded shares of lululemon athletica inc. from a hold rating to a buy rating in a research note on Tuesday, April 18th. Canaccord Genuity restated a sell rating and set a $47.00 target price on shares of lululemon athletica inc. in a research note on Monday, January 23rd. Finally, Macquarie set a $40.00 target price on shares of lululemon athletica inc. and gave the stock a sell rating in a research note on Tuesday, April 4th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $64.65.

Shares of lululemon athletica inc. (LULU) traded down 0.30% during midday trading on Tuesday, reaching $52.97. 2,483,825 shares of the company’s stock were exchanged. The stock has a market cap of $7.24 billion, a PE ratio of 25.09 and a beta of 0.15. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $81.81. The stock’s 50 day moving average is $51.23 and its 200-day moving average is $59.97. lululemon athletica inc. also was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 5,329 call options on the stock. This represents an increase of 165% compared to the typical daily volume of 2,013 call options.

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, June 1st. The apparel retailer reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm had revenue of $520.30 million for the quarter, compared to analyst estimates of $513.99 million. lululemon athletica inc. had a net margin of 12.21% and a return on equity of 23.43%. lululemon athletica inc.’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. On average, equities analysts expect that lululemon athletica inc. will post $2.33 EPS for the current year.

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A number of hedge funds have recently modified their holdings of LULU. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of lululemon athletica inc. by 50.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,349 shares of the apparel retailer’s stock worth $1,424,000 after buying an additional 7,802 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of lululemon athletica inc. by 1.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 323,691 shares of the apparel retailer’s stock worth $19,739,000 after buying an additional 5,704 shares during the last quarter. Rothschild Asset Management Inc. raised its stake in shares of lululemon athletica inc. by 44.3% in the third quarter. Rothschild Asset Management Inc. now owns 8,158 shares of the apparel retailer’s stock worth $497,000 after buying an additional 2,503 shares during the last quarter. World Asset Management Inc raised its position in lululemon athletica inc. by 20.6% in the third quarter. World Asset Management Inc now owns 12,681 shares of the apparel retailer’s stock valued at $773,000 after buying an additional 2,169 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in lululemon athletica inc. during the third quarter valued at $1,776,000. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

About lululemon athletica inc.

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.

To view Vetr’s full report, visit Vetr’s official website.

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