TD Securities Issues Positive Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU - Free Report) had its price target increased by TD Securities from $370.00 to $373.00 in a research report report published on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the apparel retailer's stock.

Several other equities research analysts also recently weighed in on LULU. Argus downgraded shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. BMO Capital Markets lowered their price objective on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating for the company in a report on Friday, March 28th. BTIG Research cut their price objective on Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, UBS Group dropped their price target on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and an average target price of $347.72.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU traded down $65.51 during trading 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 has a market capitalization of $32.00 billion, a PE ratio of 19.15, a PEG ratio of 2.22 and a beta of 1.26. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The stock's 50-day moving average price is $285.93 and its two-hundred day moving average price is $337.88.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.60. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.54 EPS. On average, equities analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Beacon Capital Management LLC raised its stake in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer's stock valued at $142,000 after purchasing an additional 24 shares in the last quarter. Edgestream Partners L.P. raised its position in shares of Lululemon Athletica by 0.7% during the 4th 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 in the last quarter. Dnca Finance lifted its stake in shares of Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer's stock worth $76,000 after acquiring an additional 26 shares during the period. Capital Advisors Ltd. LLC lifted its stake 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 during the period. Finally, LGT Fund Management Co Ltd. boosted its holdings in shares of Lululemon Athletica by 3.3% in the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer's stock valued at $356,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

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.