Barclays Issues Pessimistic Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price target reduced by equities researchers at Barclays from $309.00 to $276.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the apparel retailer's stock. Barclays's price objective would suggest a potential downside of 9.27% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Robert W. Baird lowered their price objective on Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Evercore ISI increased their target price on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. BMO Capital Markets lowered their price target on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a report on Friday, March 28th. Oppenheimer boosted their target price on Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price target on shares of Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $368.72.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded up $24.43 during midday trading on Monday, reaching $304.20. 2,530,433 shares of the company's stock traded hands, compared to its average volume of 2,231,464. The stock has a 50 day moving average of $288.50 and a 200-day moving average of $337.74. The company has a market cap of $36.70 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the company earned $5.29 EPS. The business's revenue was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Lululemon Athletica by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock valued at $3,755,337,000 after buying an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after acquiring an additional 2,371,079 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC increased its position in Lululemon Athletica by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after purchasing an additional 10,461 shares during the last quarter. Finally, Capital World Investors raised its stake in Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after purchasing an additional 556,406 shares in the last quarter. Hedge funds and other institutional investors own 85.20% of the company's stock.

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.

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