Lululemon Athletica (NASDAQ:LULU) Price Target Lowered to $370.00 at Robert W. Baird

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its target price cut by stock analysts at Robert W. Baird from $450.00 to $370.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the apparel retailer's stock. Robert W. Baird's price objective suggests a potential upside of 35.96% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. KeyCorp dropped their price objective on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Guggenheim boosted their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Truist Financial decreased their target price on Lululemon Athletica from $460.00 to $380.00 and set a "buy" rating for the company in a report on Friday, March 28th. Finally, Citigroup set a $330.00 price target on Lululemon Athletica and gave the stock a "negative" rating in a research report on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lululemon Athletica has an average rating of "Moderate Buy" and a consensus price target of $375.45.

Lululemon Athletica Price Performance

Shares of LULU stock traded up $24.53 on Friday, hitting $272.14. The stock had a trading volume of 1,538,699 shares, compared to its average volume of 2,215,572. The business has a 50 day moving average of $344.32 and a 200 day moving average of $339.66. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $423.32. The stock has a market cap of $32.83 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company's quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $5.29 EPS. As a group, research analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Trading of Lululemon Athletica

A number of hedge funds have recently added to or reduced their stakes in the business. Beacon Capital Management LLC lifted its position in shares of Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock worth $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. lifted its holdings in Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer's stock worth $1,353,000 after buying an additional 25 shares during the period. SeaCrest Wealth Management LLC boosted its position in Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer's stock valued at $389,000 after acquiring an additional 26 shares in the last quarter. Dnca Finance increased its holdings in shares of Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 26 shares during the period. Finally, Capital Advisors Ltd. LLC raised its position in shares of Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer's stock worth $124,000 after acquiring an additional 28 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.