Lululemon Athletica (NASDAQ:LULU) Price Target Cut to $250.00 by Analysts at BMO Capital Markets

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its target price decreased by stock analysts at BMO Capital Markets from $302.00 to $250.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "market perform" rating on the apparel retailer's stock. BMO Capital Markets' price target points to a potential downside of 5.76% from the stock's previous close.

Several other research analysts have also recently issued reports on LULU. UBS Group dropped their price objective on Lululemon Athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a research note on Friday. Truist Financial dropped their price objective on Lululemon Athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research note on Friday. KeyCorp dropped their price objective on Lululemon Athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday. Wells Fargo & Company dropped their price objective on Lululemon Athletica from $300.00 to $270.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $385.00 price objective on shares of Lululemon Athletica in a research note on Monday. 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 issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $347.72.

Lululemon Athletica Price Performance

Shares of LULU traded down $65.51 during mid-day trading on Friday, reaching $265.27. 16,083,546 shares of the company's stock traded hands, compared to its average volume of 2,177,376. The stock has a market cap of $32.00 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.22 and a beta of 1.26. The stock's 50-day moving average is $285.93 and its two-hundred day moving average is $337.88. 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 released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting analysts' consensus estimates of $2.60. The firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.54 earnings per share. Research analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Trading of Lululemon Athletica

Hedge funds and other institutional investors have recently made changes to their positions in the business. N.E.W. Advisory Services LLC purchased a new stake in shares of Lululemon Athletica during the 1st quarter valued at $25,000. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter valued at $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of Lululemon Athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Lululemon Athletica during the 1st quarter valued at $29,000. Finally, Anderson Financial Strategies LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter valued at $30,000. 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.