Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $325.00

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its target price increased by investment analysts at Citigroup from $275.00 to $325.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the apparel retailer's stock. Citigroup's target price indicates a potential upside of 3.69% from the stock's previous close.

Other research analysts have also issued reports about the stock. BMO Capital Markets cut their target price on shares of 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. Wells Fargo & Company cut their target price on shares of 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. Cfra Research raised shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. KeyCorp dropped their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, BTIG Research dropped their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average target price of $369.52.

Lululemon Athletica Trading Down 1.2%

NASDAQ LULU traded down $3.66 on Thursday, hitting $313.43. 3,649,987 shares of the company were exchanged, compared to its average volume of 2,170,452. The company has a market cap of $37.81 billion, a PE ratio of 22.63, a PEG 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. The stock has a fifty day moving average of $284.85 and a 200-day moving average of $337.88.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued 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. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $5.29 earnings per share. On average, analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current year.

Hedge Funds Weigh In On Lululemon Athletica

Several hedge funds have recently bought and sold shares of the company. Anderson Financial Strategies LLC lifted its position in Lululemon Athletica by 242.3% during the first quarter. Anderson Financial Strategies LLC now owns 267 shares of the apparel retailer's stock valued at $76,000 after purchasing an additional 189 shares during the last quarter. Strs Ohio bought a new stake in Lululemon Athletica during the 1st quarter valued at $12,451,000. Mattson Financial Services LLC increased its position in Lululemon Athletica by 20.8% during the 1st quarter. Mattson Financial Services LLC now owns 482 shares of the apparel retailer's stock valued at $136,000 after purchasing an additional 83 shares during the period. Acadian Asset Management LLC purchased a new position in Lululemon Athletica during the 1st quarter valued at $1,215,000. Finally, Intech Investment Management LLC grew its position in shares of Lululemon Athletica by 4.1% in the 1st quarter. Intech Investment Management LLC now owns 14,489 shares of the apparel retailer's stock worth $4,101,000 after buying an additional 574 shares during the period. 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.