Analysts Set Lululemon Athletica Inc. (NASDAQ:LULU) Target Price at $369.52

Lululemon Athletica Inc. (NASDAQ:LULU - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirty-one ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $369.52.

LULU has been the subject of several analyst reports. BTIG Research dropped their price objective on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a report on Friday, March 28th. Raymond James reaffirmed a "market perform" rating and set a $430.00 price objective on shares of Lululemon Athletica in a research report on Friday, March 28th. Barclays decreased their target price on shares of Lululemon Athletica from $309.00 to $276.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. William Blair reaffirmed an "outperform" rating on shares of Lululemon Athletica in a report on Thursday, April 3rd. Finally, Citigroup lifted their price objective on shares of Lululemon Athletica from $275.00 to $325.00 and gave the company a "neutral" rating in a research note on Thursday.

Lululemon Athletica Stock Performance

LULU traded down $3.66 during trading hours on Friday, reaching $313.43. The company's stock had a trading volume of 3,649,987 shares, compared to its average volume of 2,162,057. The company's 50-day moving average is $284.85 and its 200-day moving average is $337.95. 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 $37.81 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the firm posted $5.29 EPS. The company's revenue for the quarter was up 12.3% on a year-over-year basis. Equities 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 large investors have recently added to or reduced their stakes in the company. Investment Partners Asset Management Inc. purchased a new stake in Lululemon Athletica in the fourth quarter worth approximately $275,000. Nutshell Asset Management Ltd bought a new stake in Lululemon Athletica in the fourth quarter worth $956,000. Montag A & Associates Inc. grew its stake in shares of Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock valued at $1,627,000 after buying an additional 3,540 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Lululemon Athletica in the fourth quarter worth about $17,775,000. Finally, Northeast Investment Management bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $276,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

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.