Lululemon Athletica (NASDAQ:LULU) Given New $325.00 Price Target at Raymond James

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price objective cut by analysts at Raymond James from $350.00 to $325.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has an "outperform" rating on the apparel retailer's stock. Raymond James' price objective would indicate a potential upside of 25.26% from the company's previous close.

LULU has been the subject of a number of other reports. HSBC upgraded shares of Lululemon Athletica from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $405.00 to $425.00 in a report on Thursday, June 6th. Telsey Advisory Group reduced their price objective on Lululemon Athletica from $470.00 to $360.00 and set an "outperform" rating on the stock in a research note on Monday, August 26th. Morgan Stanley dropped their target price on Lululemon Athletica from $329.00 to $326.00 and set an "overweight" rating for the company in a report on Sunday. BMO Capital Markets decreased their price target on Lululemon Athletica from $420.00 to $384.00 and set a "market perform" rating on the stock in a research note on Thursday, June 6th. Finally, BTIG Research assumed coverage on Lululemon Athletica in a research report on Wednesday, May 8th. They issued a "buy" rating and a $425.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $354.94.

Lululemon Athletica Stock Up 0.2 %

Shares of LULU stock traded up $0.46 on Monday, reaching $259.47. The company's stock had a trading volume of 7,373,300 shares, compared to its average volume of 2,135,794. The company has a market capitalization of $32.43 billion, a P/E ratio of 20.81, a PEG ratio of 1.40 and a beta of 1.26. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $516.39. The stock's 50 day simple moving average is $271.56 and its 200-day simple moving average is $338.17.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.69% and a net margin of 16.34%. The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter last year, the firm posted $2.68 EPS. The company's revenue was up 9.1% compared to the same quarter last year. Research analysts expect that Lululemon Athletica will post 13.9 EPS for the current year.

Lululemon Athletica declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 5th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the apparel retailer to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Value Star Asset Management Hong Kong Ltd boosted its stake in shares of Lululemon Athletica by 19,890.3% in the 2nd quarter. Value Star Asset Management Hong Kong Ltd now owns 4,653,746 shares of the apparel retailer's stock worth $1,390,074,000 after buying an additional 4,630,466 shares during the last quarter. Vanguard Group Inc. boosted its stake in Lululemon Athletica by 32.3% during the fourth quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer's stock valued at $4,955,918,000 after buying an additional 2,369,119 shares during the last quarter. Norges Bank purchased a new position in shares of Lululemon Athletica in the fourth quarter valued at $236,378,000. Marshall Wace LLP increased its holdings in shares of Lululemon Athletica by 359.4% in the 2nd quarter. Marshall Wace LLP now owns 204,500 shares of the apparel retailer's stock worth $61,084,000 after buying an additional 283,344 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Lululemon Athletica by 32.7% during the fourth quarter. Northern Trust Corp now owns 1,046,011 shares of the apparel retailer's stock worth $534,815,000 after acquiring an additional 257,944 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.