Barclays Issues Pessimistic Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price target reduced by stock analysts at Barclays from $276.00 to $270.00 in a report released on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the apparel retailer's stock. Barclays's price objective suggests a potential upside of 9.30% from the company's current price.

Several other brokerages also recently commented on LULU. Jefferies Financial Group reduced their target price on shares of Lululemon Athletica from $220.00 to $200.00 and set an "underperform" rating on the stock in a research note on Friday, June 6th. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. Cfra Research upgraded shares of Lululemon Athletica from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Evercore ISI upped their price target on shares of Lululemon Athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of Lululemon Athletica in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $340.26.

Lululemon Athletica Stock Down 2.1%

Lululemon Athletica stock traded down $5.25 on Monday, hitting $247.03. The company's stock had a trading volume of 4,155,637 shares, compared to its average volume of 2,206,842. The firm has a market cap of $29.80 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.26. The company has a fifty day moving average price of $285.28 and a 200-day moving average price of $336.70. Lululemon Athletica has a one year low of $226.01 and a one year high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.60. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted $2.54 EPS. The business's revenue for the quarter was up 7.3% on a year-over-year basis. Analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Trading of Lululemon Athletica

Several hedge funds have recently bought and sold shares of LULU. Brighton Jones LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $429,000. Bleakley Financial Group LLC raised its holdings in shares of Lululemon Athletica by 9.7% in the fourth quarter. Bleakley Financial Group LLC now owns 1,016 shares of the apparel retailer's stock valued at $389,000 after purchasing an additional 90 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $36,000. Kingsview Wealth Management LLC raised its holdings in shares of Lululemon Athletica by 5.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,645 shares of the apparel retailer's stock valued at $629,000 after purchasing an additional 88 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Lululemon Athletica by 22.3% in the fourth quarter. Empowered Funds LLC now owns 2,123 shares of the apparel retailer's stock valued at $812,000 after purchasing an additional 387 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.