Stifel Nicolaus Cuts Lululemon Athletica (NASDAQ:LULU) Price Target to $324.00

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price target dropped by equities research analysts at Stifel Nicolaus from $353.00 to $324.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the apparel retailer's stock. Stifel Nicolaus' price target would suggest a potential upside of 22.48% from the company's current price.

Other analysts also recently issued reports about the stock. William Blair reiterated an "outperform" rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Needham & Company LLC lowered their price objective on shares of Lululemon Athletica from $366.00 to $317.00 and set a "buy" rating for the company in a research report on Friday. UBS Group reduced their target price on Lululemon Athletica from $330.00 to $290.00 and set a "neutral" rating on the stock in a report on Friday. Wells Fargo & Company lowered their price target on Lululemon Athletica from $300.00 to $270.00 and set an "equal weight" rating for the company in a report on Friday. Finally, Bank of America cut their price objective on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a 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 given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $350.55.

Lululemon Athletica Stock Down 20.0%

NASDAQ LULU traded down $66.24 during trading hours on Friday, hitting $264.54. The company's stock had a trading volume of 9,408,135 shares, compared to its average volume of 2,191,227. The stock has a fifty day moving average of $286.22 and a 200 day moving average of $338.13. The firm has a market capitalization of $31.91 billion, a P/E ratio of 19.09, a PEG ratio of 2.22 and a beta of 1.26. Lululemon Athletica has a twelve month low of $226.01 and a twelve 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, meeting analysts' consensus estimates of $2.60. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $2.54 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Investors Weigh In On Lululemon Athletica

Institutional investors and hedge funds have recently modified their holdings of the company. First Hawaiian Bank acquired a new position in Lululemon Athletica during the first quarter worth approximately $806,000. Anderson Financial Strategies LLC lifted its position in shares of Lululemon Athletica by 242.3% in the first quarter. Anderson Financial Strategies LLC now owns 267 shares of the apparel retailer's stock valued at $76,000 after buying an additional 189 shares during the last quarter. Strs Ohio bought a new position in shares of Lululemon Athletica during the 1st quarter worth approximately $12,451,000. Mattson Financial Services LLC increased its holdings in shares of Lululemon Athletica by 20.8% during the 1st quarter. Mattson Financial Services LLC now owns 482 shares of the apparel retailer's stock worth $136,000 after acquiring an additional 83 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Lululemon Athletica in the 1st quarter valued at $1,215,000. 85.20% of the stock is owned by 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.

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