UBS Group Lowers Lululemon Athletica (NASDAQ:LULU) Price Target to $335.00

Lululemon Athletica (NASDAQ:LULU) had its price objective cut by stock analysts at UBS Group from $376.00 to $335.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s price objective points to a potential upside of 14.31% from the stock’s current price.

A number of other equities analysts have also recently issued reports on LULU. Morgan Stanley cut their target price 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. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Truist Financial raised their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Wells Fargo & Company upped their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Finally, Telsey Advisory Group dropped their price objective on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $380.72.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $293.06 on Friday. The business has a 50 day moving average price of $364.63 and a 200 day moving average price of $339.62. The company has a market capitalization of $35.69 billion, a P/E ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results 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. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $5.29 earnings per share. On average, research analysts expect 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 and hedge funds have recently bought and sold shares of the business. Fairtree Asset Management Pty Ltd acquired a new position in Lululemon Athletica during the fourth quarter valued at approximately $497,000. 111 Capital acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $3,362,000. NorthCrest Asset Manangement LLC lifted its holdings in shares of Lululemon Athletica by 6.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer’s stock valued at $458,000 after acquiring an additional 71 shares in the last quarter. PKO Investment Management Joint Stock Co purchased a new stake in Lululemon Athletica during the 4th quarter worth $1,912,000. Finally, Wealthedge Investment Advisors LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at $1,257,000. 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.