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

Lululemon Athletica Inc. (NASDAQ:LULU - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirty-one brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $367.10.

Several analysts recently issued reports on LULU shares. UBS Group reduced their price target on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. Evercore ISI boosted their target price on Lululemon Athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday. Morgan Stanley reduced their price target on shares of Lululemon Athletica from $373.00 to $346.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 28th. TD Securities lifted their price target on shares of Lululemon Athletica from $370.00 to $373.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Needham & Company LLC dropped their price objective on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research note on Wednesday, March 26th.

Institutional Trading of Lululemon Athletica

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LULU. Investment Partners Asset Management Inc. acquired a new stake in Lululemon Athletica during the 4th quarter worth about $275,000. Nutshell Asset Management Ltd bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at about $956,000. Montag A & Associates Inc. grew its stake in Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after purchasing an additional 3,540 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in Lululemon Athletica in the fourth quarter worth approximately $17,775,000. Finally, Northeast Investment Management bought a new stake in Lululemon Athletica in the fourth quarter worth approximately $276,000. Institutional investors and hedge funds own 85.20% of the company's stock.

Lululemon Athletica Price Performance

Lululemon Athletica stock traded up $0.28 during mid-day trading on Friday, reaching $335.19. 2,289,625 shares of the company were exchanged, compared to its average volume of 2,165,825. The company has a fifty day simple moving average of $285.26 and a 200-day simple moving average of $337.98. The firm has a market cap of $40.44 billion, a PE ratio of 24.20, a PEG ratio of 2.22 and a beta of 1.26. 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, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping 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 company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter last year, the business earned $5.29 earnings per share. Lululemon Athletica's revenue was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that Lululemon Athletica will post 14.36 earnings per share for the current year.

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.