Stifel Nicolaus Lowers Lululemon Athletica (NASDAQ:LULU) Price Target to $424.00

Lululemon Athletica (NASDAQ:LULU - Free Report) had its target price trimmed by Stifel Nicolaus from $438.00 to $424.00 in a research report released on Friday morning, Marketbeat.com reports. The firm currently has a buy rating on the apparel retailer's stock.

LULU has been the topic of several other reports. BMO Capital Markets increased their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Bank of America decreased their price objective on Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating for the company in a research note on Friday. Citigroup cut their target price on shares of Lululemon Athletica from $380.00 to $330.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. KeyCorp lifted their price target on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, TD Cowen increased their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of "Moderate Buy" and an average target price of $380.72.

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Lululemon Athletica Trading Down 14.2 %

Lululemon Athletica stock traded down $48.47 during trading on Friday, hitting $293.06. The company had a trading volume of 12,900,347 shares, compared to its average volume of 2,144,794. The company's 50 day simple moving average is $364.63 and its 200-day simple moving average is $339.62. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $423.32. The stock has a market cap of $35.69 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

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 (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business earned $5.29 EPS. The company's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, analysts forecast that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lululemon Athletica

Several institutional investors have recently added to or reduced their stakes in the stock. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new position in Lululemon Athletica in the 4th quarter valued at $30,000. Kestra Investment Management LLC acquired a new position in 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 4th quarter valued at $32,000. Finally, Asset Planning Inc purchased a new position in Lululemon Athletica during the 4th quarter worth $33,000. Institutional investors and hedge funds 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.