Citigroup Forecasts Strong Price Appreciation for Lululemon Athletica (NASDAQ:LULU) Stock

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price target upped by stock analysts at Citigroup from $275.00 to $325.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the apparel retailer's stock. Citigroup's target price points to a potential upside of 0.67% from the company's current price.

LULU has been the topic of a number of other reports. Raymond James restated a "market perform" rating and issued a $430.00 price target on shares of Lululemon Athletica in a research note on Friday, March 28th. Truist Financial cut their target price on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lowered their price target on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a report on Monday, April 14th. BTIG Research cut their price objective on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Argus lowered Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus price target of $369.52.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded up $6.18 on Thursday, reaching $322.85. 1,549,777 shares of the stock were exchanged, compared to its average volume of 2,160,598. The firm has a market cap of $38.95 billion, a PE ratio of 23.31, a P/E/G ratio of 2.22 and a beta of 1.30. The firm's 50 day moving average is $284.85 and its 200-day moving average is $338.00. Lululemon Athletica has a one year low of $226.01 and a one year high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results 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. 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 analysts' expectations of $3.59 billion. During the same period in the prior year, the company earned $5.29 earnings per share. The company's quarterly revenue was up 12.3% on a year-over-year basis. On average, equities research analysts expect that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LULU. Beacon Capital Management LLC raised its holdings in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. increased its position in Lululemon Athletica by 0.7% in the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock valued at $1,353,000 after buying an additional 25 shares in the last quarter. Dnca Finance raised its stake in Lululemon Athletica by 15.1% during the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after buying an additional 26 shares during the period. Capital Advisors Ltd. LLC boosted its holdings in Lululemon Athletica by 9.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after acquiring an additional 28 shares in the last quarter. Finally, LGT Fund Management Co Ltd. boosted its holdings in Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock worth $356,000 after acquiring an additional 30 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.