Lululemon Athletica (NASDAQ:LULU) Rating Lowered to "Hold" at Argus

Argus lowered shares of Lululemon Athletica (NASDAQ:LULU - Free Report) from a buy rating to a hold rating in a research note released on Tuesday morning, MarketBeat.com reports.

Several other research analysts have also recently weighed in on the company. Needham & Company LLC lowered their target price on Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating on the stock in a report on Wednesday, March 26th. Stifel Nicolaus reduced their price target on shares of Lululemon Athletica from $438.00 to $424.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. JPMorgan Chase & Co. lowered their price objective on Lululemon Athletica from $437.00 to $391.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Robert W. Baird lifted their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Bank of America decreased their price target on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $380.72.

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Lululemon Athletica Trading Down 9.6 %

NASDAQ:LULU traded down $27.10 during trading hours on Tuesday, hitting $255.65. 7,592,943 shares of the stock were exchanged, compared to its average volume of 2,182,042. The firm's fifty day moving average price is $358.96 and its 200 day moving average price is $340.07. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32. The company has a market cap of $31.13 billion, a P/E ratio of 18.46, a P/E/G ratio of 2.22 and a beta of 1.21.

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 (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.29 EPS. Equities analysts expect that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Institutional Trading of Lululemon Athletica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Investment Partners Asset Management Inc. acquired a new stake in Lululemon Athletica during the 4th quarter worth $275,000. Lebenthal Global Advisors LLC grew its holdings in shares of Lululemon Athletica by 138.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer's stock worth $1,032,000 after purchasing an additional 1,565 shares during the last quarter. Montag A & Associates Inc. increased its position in shares of Lululemon Athletica by 495.1% during the fourth quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer's stock worth $1,627,000 after purchasing an additional 3,540 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $17,775,000. Finally, Northeast Investment Management acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $276,000. Institutional investors and hedge funds 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.