Lululemon Athletica (NASDAQ:LULU) PT Set at $330.00 by Citigroup

Citigroup set a $330.00 price objective on Lululemon Athletica (NASDAQ:LULU - Free Report) in a research report released on Friday morning,BayStreet.CA reports. The firm currently has a negative rating on the apparel retailer's stock.

Several other research analysts also recently weighed in on LULU. UBS Group reduced their price target on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating for the company in a research report on Friday. Guggenheim increased their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a "buy" rating in a report on Friday, December 6th. Needham & Company LLC decreased their target price on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a research report on Wednesday. Piper Sandler dropped their price target on Lululemon Athletica from $340.00 to $315.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Telsey Advisory Group decreased their price objective on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $380.72.

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Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded down $48.47 on Friday, hitting $293.06. The company's stock had a trading volume of 12,900,347 shares, compared to its average volume of 2,144,794. The company has a market capitalization of $35.69 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The firm has a fifty day moving average price of $364.63 and a 200-day moving average price of $340.22. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the company posted $5.29 EPS. The business's quarterly revenue was up 12.3% on a year-over-year basis. As a group, analysts forecast that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Investors Weigh In On Lululemon Athletica

A number of institutional investors have recently modified their holdings of LULU. TCTC Holdings LLC purchased a new position in Lululemon Athletica during the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC purchased a new stake in Lululemon Athletica during the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth approximately $32,000. Finally, Sound Income Strategies LLC boosted its position in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock valued at $33,000 after buying an additional 65 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

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.