Lululemon Athletica Inc. (NASDAQ:LULU) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Lululemon Athletica Inc. (NASDAQ:LULU - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirty-one research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $371.72.

Several brokerages recently weighed in on LULU. BTIG Research reduced their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Argus lowered Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Bank of America dropped their price target on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research note on Friday, March 28th. KeyCorp reduced their target price on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Robert W. Baird dropped their target price on shares of Lululemon Athletica from $450.00 to $370.00 and set an "outperform" rating on the stock in a report on Friday, April 4th.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded down $0.88 during trading on Friday, hitting $254.76. The company had a trading volume of 147,504 shares, compared to its average volume of 2,225,023. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The firm has a market capitalization of $30.73 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31. The stock has a 50 day simple moving average of $326.21 and a 200 day simple moving average of $339.03.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm's revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $5.29 earnings per share. As a group, analysts predict that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Investors Weigh In On Lululemon Athletica

Several institutional investors have recently made changes to their positions in LULU. TCTC Holdings LLC purchased a new stake in Lululemon Athletica during the fourth quarter worth about $26,000. Anderson Financial Strategies LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $30,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Finally, Sound Income Strategies LLC raised its holdings in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 65 shares during the last quarter. 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.