Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its target price dropped by equities researchers at JPMorgan Chase & Co. from $389.00 to $303.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has an "overweight" rating on the apparel retailer's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 14.54% from the company's current price.
Several other research firms have also commented on LULU. Robert W. Baird reduced their price target on shares of Lululemon Athletica from $350.00 to $340.00 and set an "outperform" rating for the company in a report on Friday. Needham & Company LLC reduced their price objective on shares of Lululemon Athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research note on Friday. Citigroup increased their target price on Lululemon Athletica from $275.00 to $325.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Cfra Research upgraded Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Finally, Barclays decreased their price objective on Lululemon Athletica from $309.00 to $276.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. One 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $350.55.
Get Our Latest Stock Analysis on LULU
Lululemon Athletica Trading Down 20.0%
Shares of NASDAQ LULU traded down $66.24 during trading hours on Friday, reaching $264.54. The stock had a trading volume of 9,408,135 shares, compared to its average volume of 2,191,227. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32. The firm has a market cap of $31.91 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 2.22 and a beta of 1.26. The business's fifty day moving average price is $286.22 and its two-hundred day moving average price is $338.13.
Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.54 EPS. Equities research analysts anticipate that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Lululemon Athletica
A number of institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after buying an additional 2,371,079 shares during the last quarter. Mawer Investment Management Ltd. purchased a new position in shares of Lululemon Athletica during the fourth quarter worth $523,520,000. Diamond Hill Capital Management Inc. acquired a new position in Lululemon Athletica during the fourth quarter valued at $370,062,000. Alliancebernstein L.P. lifted its position in Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock valued at $1,681,682,000 after purchasing an additional 571,657 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Lululemon Athletica by 37,062.1% in the first quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after purchasing an additional 561,491 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.
About Lululemon Athletica
(
Get Free Report)
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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