Lululemon Athletica (NASDAQ:LULU) Given New $400.00 Price Target at KeyCorp

Lululemon Athletica (NASDAQ:LULU - Free Report) had its price target cut by KeyCorp from $420.00 to $400.00 in a research report report published on Friday, Marketbeat reports. They currently have an overweight rating on the apparel retailer's stock.

Several other equities research analysts have also commented on LULU. Guggenheim upped their price target on Lululemon Athletica from $350.00 to $415.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Needham & Company LLC decreased their price objective on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research note on Wednesday. Barclays increased their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Jefferies Financial Group restated an "underperform" rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Finally, Raymond James reiterated a "market perform" rating and issued a $430.00 price target on shares of Lululemon Athletica in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $380.72.

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Lululemon Athletica Stock Down 14.2 %

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 P/E 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 $339.62. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32.

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 (EPS) for the quarter, beating 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 firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the company earned $5.29 EPS. Lululemon Athletica's revenue was up 12.3% on a year-over-year basis. As a group, analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current year.

Hedge Funds Weigh In On Lululemon Athletica

Several large investors have recently added to or reduced their stakes in the business. Investment Partners Asset Management Inc. purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $275,000. Rockefeller Capital Management L.P. increased its stake in Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer's stock valued at $28,070,000 after buying an additional 34,704 shares during the last quarter. Lebenthal Global Advisors LLC increased its stake in Lululemon Athletica by 138.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock valued at $1,032,000 after buying an additional 1,565 shares during the last quarter. Montag A & Associates Inc. lifted its position 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 buying an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of Lululemon Athletica in the 4th quarter worth approximately $17,775,000. 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.