Lululemon Athletica (NASDAQ:LULU) Price Target Lowered to $302.00 at BMO Capital Markets

Lululemon Athletica (NASDAQ:LULU - Free Report) had its price target trimmed by BMO Capital Markets from $313.00 to $302.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a market perform rating on the apparel retailer's stock.

Several other research firms have also commented on LULU. Needham & Company LLC reduced 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. JPMorgan Chase & Co. reduced their price objective on Lululemon Athletica from $437.00 to $391.00 and set an "overweight" rating on the stock in a research note on Friday. Citigroup lowered their target price on Lululemon Athletica from $380.00 to $330.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. Guggenheim raised their price target on Lululemon Athletica from $350.00 to $415.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, TD Securities boosted their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and a consensus target price of $380.72.

Lululemon Athletica Price Performance

NASDAQ LULU traded down $2.76 during trading hours on Friday, reaching $280.30. 1,643,023 shares of the stock traded hands, compared to its average volume of 2,152,039. The stock has a 50 day simple moving average of $362.82 and a two-hundred day simple moving average of $340.38. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $423.32. The company has a market cap of $34.14 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

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 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 the consensus estimate of $3.59 billion. During the same quarter in the previous year, the company posted $5.29 EPS. Lululemon Athletica's quarterly revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts forecast that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Institutional Trading of Lululemon Athletica

Hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its stake in Lululemon Athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after acquiring an additional 2,371,079 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Lululemon Athletica by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after purchasing an additional 10,461 shares in the last quarter. Capital World Investors increased its position in Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after buying an additional 556,406 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer's stock valued at $681,163,000 after buying an additional 421,890 shares in the last quarter. 85.20% of the stock is 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.