TD Securities Forecasts Strong Price Appreciation for Lululemon Athletica (NASDAQ:LULU) Stock

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

Several other equities analysts have also issued reports on the company. Needham & Company LLC decreased their price target on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research note on Wednesday, March 26th. KeyCorp reduced their price objective on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. BMO Capital Markets reduced their price objective on Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research report on Friday, March 28th. Citigroup boosted their price objective on Lululemon Athletica from $275.00 to $325.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, Piper Sandler boosted their price objective on Lululemon Athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average target price of $367.10.

Lululemon Athletica Price Performance

Lululemon Athletica stock traded up $0.28 during mid-day trading on Tuesday, reaching $335.19. 2,289,625 shares of the company were exchanged, compared to its average volume of 2,165,825. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a fifty day simple moving average of $284.42 and a 200-day simple moving average of $338.00. The firm has a market cap 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 issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the company posted $5.29 EPS. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. Sell-side analysts anticipate that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Trading of Lululemon Athletica

Several institutional investors have recently added to or reduced their stakes in LULU. Investment Partners Asset Management Inc. purchased a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $275,000. Nutshell Asset Management Ltd purchased a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $956,000. Montag A & Associates Inc. increased its position in shares of Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after acquiring an additional 3,540 shares during the period. Northwest & Ethical Investments L.P. purchased a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $17,775,000. Finally, Northeast Investment Management purchased a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $276,000. 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.