Wells Fargo & Company Cuts lululemon athletica (NASDAQ:LULU) Price Target to $205.00

Key Points

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lululemon athletica (NASDAQ:LULU - Get Free Report) had its price target reduced by equities research analysts at Wells Fargo & Company from $225.00 to $205.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the apparel retailer's stock. Wells Fargo & Company's target price would suggest a potential upside of 0.68% from the stock's current price.

Several other analysts have also recently commented on the company. Evercore ISI raised their target price on lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Barclays cut their price objective on shares of lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. The Goldman Sachs Group lowered their target price 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. KeyCorp reduced their price target on shares of lululemon athletica from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, June 6th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $385.00 price objective on shares of lululemon athletica in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, lululemon athletica has an average rating of "Moderate Buy" and an average price target of $322.15.

lululemon athletica Stock Performance

LULU stock opened at $203.62 on Tuesday. lululemon athletica has a 1 year low of $185.95 and a 1 year high of $423.32. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.69 and a beta of 1.16. The stock's fifty day moving average is $223.05 and its two-hundred day moving average is $283.40.

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

Insiders Place Their Bets

In other news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the sale, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On lululemon athletica

Large investors have recently added to or reduced their stakes in the stock. Anderson Financial Strategies LLC acquired a new position in lululemon athletica during the 4th quarter worth $30,000. N.E.W. Advisory Services LLC bought a new position in lululemon athletica in the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC lifted its holdings in shares of lululemon athletica by 506.3% during the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after buying an additional 81 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of lululemon athletica in the first quarter worth $29,000. Finally, Zions Bancorporation National Association UT bought a new position in lululemon athletica during the first quarter worth $31,000. Institutional investors 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.

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