Evercore ISI Forecasts Strong Price Appreciation for Lululemon Athletica (NASDAQ:LULU) Stock

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its target price raised by investment analysts at Evercore ISI from $320.00 to $400.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the apparel retailer's stock. Evercore ISI's target price would suggest a potential upside of 50.79% from the company's current price.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. UBS Group decreased their target price on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a report on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus decreased their target price on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, BMO Capital Markets decreased their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average target price of $347.72.

Lululemon Athletica Stock Down 19.8%

LULU traded down $65.51 on Tuesday, hitting $265.27. The company's stock had a trading volume of 16,083,546 shares, compared to its average volume of 2,177,376. The company's 50 day simple moving average is $285.93 and its 200-day simple moving average is $337.88. The firm has a market cap of $32.00 billion, a P/E ratio of 19.15, a price-to-earnings-growth 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 released its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting the consensus estimate of $2.60. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $2.54 EPS. Equities analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lululemon Athletica

A number of large investors have recently added to or reduced their stakes in LULU. N.E.W. Advisory Services LLC bought a new stake in Lululemon Athletica in the 1st quarter worth $25,000. TCTC Holdings LLC bought a new stake in Lululemon Athletica in the 4th quarter worth $26,000. Cornerstone Planning Group LLC grew its holdings in Lululemon Athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in Lululemon Athletica in the 1st quarter worth $29,000. Finally, Anderson Financial Strategies LLC bought a new stake in Lululemon Athletica in the 4th quarter worth $30,000. 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.