lululemon athletica (NASDAQ:LULU) Price Target Cut to $185.00 by Analysts at Citigroup

Key Points

• Citigroup cut its price target on lululemon from $210 to $185 and kept a "neutral" rating, implying roughly a 12.5% upside; multiple other firms have also trimmed targets and MarketBeat shows a consensus "Hold" with an average target of $214.47.
• Shares traded around $164.41 on Monday—well below the 52‑week high of $348.50—and the company has a market cap of $19.29 billion with a P/E of 12.41, signaling a relatively lower valuation.
• lululemon beat last quarter's estimates with $5.01 EPS (vs. $4.78 expected) and $3.64B revenue, delivering a 14.22% net margin and 34.82% ROE, while analysts forecast about 14.36 EPS for the current year.

lululemon athletica (NASDAQ:LULU - Get Free Report) had its price objective dropped by investment analysts at Citigroup from $210.00 to $185.00 in a report released on Monday,Benzinga reports. The firm presently has a "neutral" rating on the apparel retailer's stock. Citigroup's price target suggests a potential upside of 12.53% from the stock's current price.

LULU has been the subject of a number of other reports. The Goldman Sachs Group decreased their target price on shares of lululemon athletica from $200.00 to $184.00 and set a "neutral" rating for the company in a research report on Wednesday, March 11th. UBS Group cut their price target on lululemon athletica from $189.00 to $176.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 18th. BTIG Research reduced their price objective on lululemon athletica from $250.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, March 18th. Piper Sandler boosted their price objective on lululemon athletica from $165.00 to $190.00 and gave the company a "neutral" rating in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on lululemon athletica from $209.00 to $196.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, lululemon athletica currently has an average rating of "Hold" and a consensus target price of $214.47.

lululemon athletica Price Performance

NASDAQ:LULU traded up $1.59 during midday trading on Monday, hitting $164.41. The company's stock had a trading volume of 672,461 shares, compared to its average volume of 2,742,198. lululemon athletica has a fifty-two week low of $156.64 and a fifty-two week high of $348.50. The firm's 50 day moving average is $179.32 and its 200-day moving average is $180.85. The firm has a market cap of $19.29 billion, a P/E ratio of 12.41, a P/E/G ratio of 4.96 and a beta of 1.00.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, beating the consensus estimate of $4.78 by $0.23. The business had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.59 billion. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $6.14 EPS. As a group, analysts forecast that lululemon athletica will post 14.36 EPS for the current year.

Institutional Investors Weigh In On lululemon athletica

A number of institutional investors have recently modified their holdings of the business. MGO One Seven LLC increased its stake in lululemon athletica by 4.5% in the 3rd quarter. MGO One Seven LLC now owns 1,340 shares of the apparel retailer's stock valued at $238,000 after purchasing an additional 58 shares in the last quarter. Davis Investment Partners LLC boosted its position in lululemon athletica by 2.9% during the fourth quarter. Davis Investment Partners LLC now owns 2,064 shares of the apparel retailer's stock worth $435,000 after purchasing an additional 58 shares in the last quarter. Greenleaf Trust grew its holdings in lululemon athletica by 2.7% in the third quarter. Greenleaf Trust now owns 2,319 shares of the apparel retailer's stock valued at $413,000 after purchasing an additional 62 shares during the last quarter. NorthRock Partners LLC grew its holdings in lululemon athletica by 4.2% in the third quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer's stock valued at $276,000 after purchasing an additional 62 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in shares of lululemon athletica by 81.9% in the third quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer's stock valued at $25,000 after buying an additional 68 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company's product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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