Lululemon Athletica (NASDAQ:LULU) Earns Outperform Rating from Telsey Advisory Group

Lululemon Athletica (NASDAQ:LULU - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at Telsey Advisory Group in a report released on Monday,Benzinga reports. They currently have a $385.00 target price on the apparel retailer's stock. Telsey Advisory Group's price objective points to a potential upside of 14.86% from the company's current price.

Several other equities research analysts also recently commented on the stock. Needham & Company LLC decreased their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Stifel Nicolaus reduced their price objective on shares of Lululemon Athletica from $424.00 to $353.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. BTIG Research reduced their price objective on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Truist Financial reduced their price objective on shares of Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, KeyCorp reduced their price objective on shares of Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $367.10.

Lululemon Athletica Stock Up 0.1%

Lululemon Athletica stock traded up $0.28 during trading hours on Monday, reaching $335.19. 2,289,625 shares of the company's stock were exchanged, compared to its average volume of 2,165,825. The firm's 50 day simple moving average is $285.26 and its 200 day simple moving average is $337.98. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32. The firm has a market capitalization of $40.44 billion, a PE ratio of 24.20, a PEG ratio of 2.22 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the business earned $5.29 earnings per share. The business's quarterly revenue was up 12.3% compared to the same quarter last year. Analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Trading of Lululemon Athletica

Institutional investors and hedge funds have recently bought and sold shares of the company. Investment Partners Asset Management Inc. purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $275,000. Nutshell Asset Management Ltd purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $956,000. Montag A & Associates Inc. lifted its stake in Lululemon Athletica by 495.1% in the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after purchasing an additional 3,540 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $17,775,000. Finally, Northeast Investment Management purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $276,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

About Lululemon Athletica

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.