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

Lululemon Athletica (NASDAQ:LULU - Free Report) had its target price decreased by BMO Capital Markets from $313.00 to $302.00 in a report released on Friday, Marketbeat Ratings reports. BMO Capital Markets currently has a market perform rating on the apparel retailer's stock.

Several other equities analysts have also recently issued reports on LULU. TD Cowen raised their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Truist Financial increased their price objective on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. 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. Barclays dropped their price target on Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, Telsey Advisory Group reduced their price objective on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently 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. 12,900,347 shares of the company's stock traded hands, compared to its average volume of 2,144,794. The firm's 50-day moving average is $364.63 and its 200 day moving average is $339.62. The stock has a market cap of $35.69 billion, a P/E ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21. 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 released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. 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 firm earned $5.29 EPS. The company's revenue was up 12.3% on a year-over-year basis. Equities research analysts forecast that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Investors Weigh In On Lululemon Athletica

A number of large investors have recently added to or reduced their stakes in LULU. TCTC Holdings LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $26,000. Anderson Financial Strategies LLC acquired a new position 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 valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica in the fourth quarter valued at about $32,000. Finally, Asset Planning Inc bought a new stake in Lululemon Athletica during the 4th quarter worth approximately $33,000. 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.