Piper Sandler Lowers Lululemon Athletica (NASDAQ:LULU) Price Target to $280.00

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price target reduced by equities research analysts at Piper Sandler from $315.00 to $280.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm presently has a "neutral" rating on the apparel retailer's stock. Piper Sandler's price objective would suggest a potential upside of 7.79% from the stock's current price.

Other analysts have also issued reports about the company. Evercore ISI lifted their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Morgan Stanley decreased their price objective on shares of Lululemon Athletica from $411.00 to $373.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Telsey Advisory Group decreased their price objective on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a report on Friday, March 28th. Argus lowered shares of Lululemon Athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, BMO Capital Markets decreased their price objective on shares of Lululemon Athletica from $313.00 to $302.00 and set a "market perform" rating on the stock in a research report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $371.72.

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Lululemon Athletica Trading Down 0.5 %

NASDAQ LULU traded down $1.27 on Friday, hitting $259.76. 1,795,648 shares of the company traded hands, compared to its average volume of 2,236,114. The business's 50 day moving average price is $332.40 and its 200-day moving average price is $339.76. The company has a market capitalization of $31.34 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 2.22 and a beta of 1.31. 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 posted 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. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the previous year, the business posted $5.29 earnings per share. The business's revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at $26,000. Anderson Financial Strategies LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Lululemon Athletica during the fourth quarter worth $32,000. Finally, Sound Income Strategies LLC increased its position in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer's stock worth $33,000 after purchasing an additional 65 shares during the last quarter. 85.20% of the stock is currently 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.