TD Securities Lowers lululemon athletica (NASDAQ:LULU) Price Target to $298.00

Key Points

• TD Securities has reduced its price target for lululemon athletica (NASDAQ:LULU) from $321.00 to $298.00 while maintaining a "buy" rating, indicating a potential upside of 44.92% from the current price.
• Other analysts have also cut their price objectives, with BMO Capital Markets setting a new target of $250.00, while Telsey Advisory Group holds a more optimistic target of $385.00.
• The stock has seen a price increase of 3.6%, trading at $205.64 during midday on Monday, and boasts a market capitalization of $24.65 billion with a net margin of 16.82%.

lululemon athletica (NASDAQ:LULU - Get Free Report) had its price objective reduced by investment analysts at TD Securities from $321.00 to $298.00 in a report released on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the apparel retailer's stock. TD Securities' price objective suggests a potential upside of 44.92% from the company's current price.

A number of other equities research analysts have also issued reports on LULU. BMO Capital Markets cut their price objective on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating for the company in a report on Friday, June 6th. Robert W. Baird cut their price objective on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating for the company in a report on Monday, August 11th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $385.00 price objective on shares of lululemon athletica in a report on Monday, June 2nd. Stifel Nicolaus cut their price objective on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating for the company in a report on Friday, June 6th. Finally, Citigroup cut their target price on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating for the company in a report on Friday, June 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $322.84.

lululemon athletica Trading Up 3.6%

lululemon athletica stock traded up $7.18 during midday trading on Monday, hitting $205.64. The stock had a trading volume of 3,656,828 shares, compared to its average volume of 2,654,378. The firm's fifty day moving average is $224.16 and its two-hundred day moving average is $284.87. The company has a market capitalization of $24.65 billion, a PE ratio of 13.95, a P/E/G ratio of 1.69 and a beta of 1.16. lululemon athletica has a 52-week low of $185.95 and a 52-week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm posted $2.54 EPS. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts predict that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer directly owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Institutional Trading of lululemon athletica

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of lululemon athletica by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock valued at $3,755,337,000 after acquiring an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of lululemon athletica by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock valued at $1,418,389,000 after acquiring an additional 162,295 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock valued at $1,356,507,000 after acquiring an additional 394,706 shares in the last quarter. Geode Capital Management LLC grew its stake in lululemon athletica by 16.2% in the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer's stock valued at $700,502,000 after purchasing an additional 413,062 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in lululemon athletica by 23.3% in the second quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer's stock worth $406,363,000 after purchasing an additional 322,816 shares in the last quarter. 85.20% of the stock is currently owned by 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.

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