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

Lululemon Athletica (NASDAQ:LULU) had its price objective decreased by analysts at BMO Capital Markets from $313.00 to $302.00 in a research note issued on Friday, MarketBeat Ratings reports. The brokerage presently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ price target would suggest a potential upside of 3.05% from the company’s current price.

LULU has been the topic of several other research reports. Barclays lowered their price target on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a report on Friday. Citigroup lowered 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. TD Cowen boosted their price target on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Finally, Guggenheim upped their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $380.72.

Lululemon Athletica Trading Down 14.2 %

Shares of NASDAQ:LULU opened at $293.06 on Friday. The company has a 50 day moving average of $364.63 and a 200 day moving average of $339.62. The stock has a market cap of $35.69 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS 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 firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business earned $5.29 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts forecast that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Trading of Lululemon Athletica

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