Barclays Has Lowered Expectations for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price objective decreased by analysts at Barclays from $309.00 to $276.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the apparel retailer's stock. Barclays's price target suggests a potential downside of 14.14% from the stock's current price.

Several other brokerages have also issued reports on LULU. JPMorgan Chase & Co. reduced their target price on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus lowered their target price on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Oppenheimer increased their price target on Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Needham & Company LLC decreased their price objective on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company cut their target price on Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $368.72.

Lululemon Athletica Stock Performance

LULU traded up $2.48 during midday trading on Monday, hitting $321.44. The company had a trading volume of 1,274,923 shares, compared to its average volume of 2,222,714. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32. The firm's 50-day simple moving average is $286.02 and its 200-day simple moving average is $337.83. The company has a market capitalization of $38.78 billion, a PE ratio of 23.21, a P/E/G ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.29 EPS. As a group, sell-side analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Lululemon Athletica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Lululemon Athletica by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock worth $3,755,337,000 after acquiring an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Lululemon Athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock worth $1,418,389,000 after purchasing an additional 162,295 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Lululemon Athletica by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock worth $1,356,507,000 after purchasing an additional 394,706 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Lululemon Athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after buying an additional 10,461 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of Lululemon Athletica by 34.6% in the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after buying an additional 556,406 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Company Profile

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.