Lululemon Athletica (NASDAQ:LULU) Price Target Lowered to $290.00 at UBS Group

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price target cut by stock analysts at UBS Group from $330.00 to $290.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the apparel retailer's stock. UBS Group's price target points to a potential upside of 9.32% from the company's current price.

LULU has been the topic of several other reports. The Goldman Sachs Group dropped their price objective on shares of Lululemon Athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI increased their price target on shares of Lululemon Athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of Lululemon Athletica from $391.00 to $389.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Piper Sandler increased their price target on shares of Lululemon Athletica from $280.00 to $315.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Oppenheimer increased their price target on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $344.96.

Lululemon Athletica Stock Performance

LULU traded down $65.51 during trading on Friday, hitting $265.27. The stock had a trading volume of 16,083,546 shares, compared to its average volume of 2,177,376. The firm has a market capitalization of $32.00 billion, a P/E ratio of 19.15, a PEG ratio of 2.22 and a beta of 1.26. The company's 50-day moving average price is $285.93 and its 200 day moving average price is $337.88. 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 announced its quarterly earnings data on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.60. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. Lululemon Athletica's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.54 EPS. As a group, equities analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lululemon Athletica

Several hedge funds have recently added to or reduced their stakes in LULU. Investment Partners Asset Management Inc. acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $275,000. Nutshell Asset Management Ltd acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $956,000. Montag A & Associates Inc. boosted its stake in shares of Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after purchasing an additional 3,540 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $17,775,000. Finally, Northeast Investment Management acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth about $276,000. 85.20% of the stock is currently owned by hedge funds and other 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.