Lululemon Athletica Inc. (NASDAQ:LULU) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Lululemon Athletica Inc. (NASDAQ:LULU - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirty-one research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, nineteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $369.86.

A number of research firms have recently issued reports on LULU. Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. The Goldman Sachs Group cut their price target on Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Bank of America reduced their price objective on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Barclays decreased their target price on Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating on the stock in a report on Friday, March 28th. Finally, Wells Fargo & Company cut their price target on Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TCTC Holdings LLC bought a new position in Lululemon Athletica during the fourth quarter valued at about $26,000. Anderson Financial Strategies LLC bought a new position in shares of Lululemon Athletica in the 4th quarter valued at approximately $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica during the fourth quarter worth approximately $32,000. Finally, Asset Planning Inc acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $33,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $278.55 on Tuesday. The firm has a market cap of $33.60 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The business has a 50-day simple moving average of $294.74 and a two-hundred day simple moving average of $338.30. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same period in the previous year, the company earned $5.29 earnings per share. The firm's quarterly revenue was up 12.3% on a year-over-year basis. As a group, research analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current year.

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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