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

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

A number of other brokerages have also recently issued reports on LULU. TD Cowen increased their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Needham & Company LLC cut their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. William Blair reissued an "outperform" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Lululemon Athletica from $292.00 to $396.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Finally, Wells Fargo & Company dropped their target price on shares of Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average price target of $380.72.

Lululemon Athletica Price Performance

Lululemon Athletica stock traded down $3.43 during mid-day trading on Friday, reaching $279.63. The stock had a trading volume of 3,308,411 shares, compared to its average volume of 2,158,419. Lululemon Athletica has a one year low of $226.01 and a one year high of $423.32. The company has a 50-day moving average price of $362.82 and a two-hundred day moving average price of $340.38. The company has a market capitalization of $34.05 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the business earned $5.29 earnings per share. Lululemon Athletica's revenue was up 12.3% on a year-over-year basis. On average, equities research analysts anticipate that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lululemon Athletica

A number of hedge funds have recently made changes to their positions in LULU. Qsemble Capital Management LP purchased a new position in shares of Lululemon Athletica during the 3rd quarter worth about $210,000. D.A. Davidson & CO. boosted its holdings in Lululemon Athletica by 13.1% during the 3rd quarter. D.A. Davidson & CO. now owns 3,074 shares of the apparel retailer's stock valued at $834,000 after acquiring an additional 356 shares during the period. Townsquare Capital LLC increased its stake in Lululemon Athletica by 47.9% in the third quarter. Townsquare Capital LLC now owns 2,205 shares of the apparel retailer's stock worth $598,000 after purchasing an additional 714 shares during the period. Glenmede Trust Co. NA boosted its stake in shares of Lululemon Athletica by 18.9% during the third quarter. Glenmede Trust Co. NA now owns 1,614 shares of the apparel retailer's stock valued at $438,000 after purchasing an additional 256 shares during the period. Finally, CreativeOne Wealth LLC bought a new position in shares of Lululemon Athletica in the third quarter worth about $274,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

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.