Lululemon Athletica (NASDAQ:LULU) Price Target Lowered to $309.00 at Barclays

Lululemon Athletica (NASDAQ:LULU - Free Report) had its price target reduced by Barclays from $411.00 to $309.00 in a research note released on Friday,Benzinga reports. They currently have an equal weight rating on the apparel retailer's stock.

A number of other brokerages also recently commented on LULU. Stifel Nicolaus reduced their target price on shares of Lululemon Athletica from $438.00 to $424.00 and set a "buy" rating on the stock in a research note on Friday. KeyCorp cut their price target on Lululemon Athletica from $420.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday. Raymond James reaffirmed a "market perform" rating and set a $430.00 price objective on shares of Lululemon Athletica in a report on Friday. Jefferies Financial Group reaffirmed an "underperform" rating and issued a $220.00 target price on shares of Lululemon Athletica in a report on Monday, December 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $380.72.

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Lululemon Athletica Stock Performance

Lululemon Athletica stock traded down $48.47 during midday trading on Friday, hitting $293.06. 12,900,347 shares of the company were exchanged, compared to its average volume of 2,144,794. The firm has a market capitalization of $35.69 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The business has a fifty day simple moving average of $364.63 and a two-hundred day simple moving average of $339.62. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion during 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 revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.29 earnings per share. As a group, equities analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current year.

Hedge Funds Weigh In On Lululemon Athletica

Several institutional investors have recently added to or reduced their stakes in LULU. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $30,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica during the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Lululemon Athletica during the 4th quarter worth $32,000. Finally, Asset Planning Inc acquired a new position in Lululemon Athletica in the fourth quarter valued at $33,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.