Lululemon Athletica (NASDAQ:LULU) Price Target Lowered to $302.00 at The Goldman Sachs Group

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price target decreased by stock analysts at The Goldman Sachs Group from $363.00 to $302.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the apparel retailer's stock. The Goldman Sachs Group's target price would suggest a potential upside of 12.73% from the stock's current price.

LULU has been the topic of a number of other research reports. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $360.00 to $460.00 in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Telsey Advisory Group reduced their price objective on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. UBS Group lowered their target price on Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Finally, Truist Financial reduced their price target on Lululemon Athletica from $380.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has an average rating of "Moderate Buy" and an average target price of $372.28.

Lululemon Athletica Trading Down 1.0 %

Shares of NASDAQ LULU traded down $2.74 during midday trading on Tuesday, reaching $267.90. The company had a trading volume of 1,422,240 shares, compared to its average volume of 2,228,853. The stock has a market cap of $32.32 billion, a P/E ratio of 19.34, a P/E/G ratio of 2.22 and a beta of 1.31. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $423.32. The business's 50-day simple moving average is $305.90 and its 200 day simple moving average is $338.46.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share 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 business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business earned $5.29 EPS. The company's quarterly revenue was up 12.3% compared to the same quarter last year. Analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Trading of Lululemon Athletica

Hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in shares of Lululemon Athletica by 95.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after acquiring an additional 571,657 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Lululemon Athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after acquiring an additional 10,461 shares during the last quarter. Capital World Investors boosted its position in shares of Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after acquiring an additional 556,406 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock worth $681,163,000 after purchasing an additional 421,890 shares during the last quarter. Institutional investors and hedge funds 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.