Citigroup Cuts Lululemon Athletica (NASDAQ:LULU) Price Target to $270.00

Lululemon Athletica (NASDAQ:LULU - Free Report) had its target price lowered by Citigroup from $325.00 to $270.00 in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage currently has a neutral rating on the apparel retailer's stock.

Other equities analysts have also issued research reports about the company. BMO Capital Markets cut their target price on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research note on Friday, March 28th. BTIG Research lowered their price target on Lululemon Athletica from $420.00 to $405.00 and set a "buy" rating for the company in a report on Friday. Evercore ISI increased their price target on Lululemon Athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday. Raymond James restated a "market perform" rating and issued a $430.00 price target on shares of Lululemon Athletica in a report on Friday, March 28th. Finally, Cfra Research upgraded Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $347.72.

Lululemon Athletica Stock Performance

NASDAQ:LULU traded down $65.51 during mid-day trading on Friday, hitting $265.27. The company had a trading volume of 16,083,546 shares, compared to its average volume of 2,176,894. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The business's fifty day moving average is $285.93 and its two-hundred day moving average is $337.88. The firm has a market cap of $32.00 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.22 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting the consensus estimate of $2.60. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the firm posted $2.54 earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LULU. N.E.W. Advisory Services LLC bought a new position in Lululemon Athletica in the first quarter valued at approximately $25,000. TCTC Holdings LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth about $26,000. Cornerstone Planning Group LLC raised its stake in Lululemon Athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in Lululemon Athletica in the 1st quarter worth about $29,000. Finally, Anderson Financial Strategies LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $30,000. 85.20% of the stock is currently 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.