Jefferies Financial Group Lowers Lululemon Athletica (NASDAQ:LULU) Price Target to $200.00

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price objective reduced by analysts at Jefferies Financial Group from $220.00 to $200.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an "underperform" rating on the apparel retailer's stock. Jefferies Financial Group's price target points to a potential downside of 24.40% from the company's current price.

Other equities analysts have also issued reports about the stock. Oppenheimer increased their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Citigroup increased their price target on Lululemon Athletica from $275.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. TD Securities raised their price target on Lululemon Athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a research report on Tuesday. The Goldman Sachs Group dropped their price objective on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, BTIG Research reduced their target price on Lululemon Athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $350.55.

Lululemon Athletica Stock Down 20.0%

LULU stock traded down $66.24 during trading on Friday, hitting $264.54. The company had a trading volume of 9,408,135 shares, compared to its average volume of 2,191,227. The stock has a market cap of $31.91 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.22 and a beta of 1.26. The firm has a 50-day moving average price of $286.22 and a 200-day moving average price of $338.13. 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 issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.60. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.54 earnings per share. Equities analysts expect that Lululemon Athletica will post 14.36 EPS for the current year.

Hedge Funds Weigh In On Lululemon Athletica

Hedge funds have recently made changes to their positions in the business. Beacon Capital Management LLC increased its stake in Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after buying an additional 24 shares during the last quarter. Edgestream Partners L.P. grew its holdings in shares of 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 acquiring an additional 25 shares in the last quarter. Dnca Finance increased its position in shares of Lululemon Athletica by 15.1% in the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 26 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in Lululemon Athletica by 9.4% during 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 position in Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock valued at $356,000 after purchasing an additional 30 shares during 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.

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