JPMorgan Chase & Co. Has Lowered Expectations for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its target price decreased by analysts at JPMorgan Chase & Co. from $437.00 to $391.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The firm presently has an “overweight” rating on the apparel retailer’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 33.42% from the company’s current price.

Several other research analysts also recently weighed in on LULU. Telsey Advisory Group dropped their target price on shares of Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a report on Friday. UBS Group boosted their price target on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. KeyCorp increased their price objective on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Robert W. Baird upped their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Needham & Company LLC cut their target price on shares of Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.72.

Lululemon Athletica Stock Performance

NASDAQ:LULU opened at $293.06 on Friday. The stock has a 50-day simple moving average of $364.63 and a two-hundred day simple moving average of $339.62. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32. The firm has a market capitalization of $35.69 billion, a PE ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the firm posted $5.29 EPS. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts forecast that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. TCTC Holdings LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $26,000. Anderson Financial Strategies LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $30,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica in the fourth quarter worth approximately $32,000. Finally, Sound Income Strategies LLC increased its holdings in Lululemon Athletica by 309.5% during the 4th 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 period. Hedge funds and other institutional investors 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.