Lululemon Athletica (NASDAQ:LULU) Downgraded to “Hold” Rating by Argus

Argus downgraded shares of Lululemon Athletica (NASDAQ:LULU) from a buy rating to a hold rating in a research report released on Tuesday, Marketbeat.com reports.

LULU has been the topic of several other reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Barclays dropped their price objective on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. TD Cowen boosted their target price on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $220.00 price target on shares of Lululemon Athletica in a research report on Monday, December 2nd. Finally, TD Securities boosted their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $380.72.

Lululemon Athletica Trading Down 1.2 %

Shares of NASDAQ LULU opened at $279.63 on Tuesday. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $423.32. The firm’s 50-day moving average is $360.96 and its 200-day moving average is $340.47. The firm has a market capitalization of $34.05 billion, a PE ratio of 20.19, a price-to-earnings-growth 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 for the quarter, beating the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.29 earnings per share. As a group, equities research analysts anticipate that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lululemon Athletica

Several large investors have recently modified their holdings of the stock. TCTC Holdings LLC bought a new position in Lululemon Athletica in the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC bought a new position in shares of Lululemon Athletica during the fourth quarter worth approximately $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Lululemon Athletica in the 4th quarter valued at $32,000. Finally, Asset Planning Inc acquired a new position in Lululemon Athletica in the 4th quarter valued at $33,000. 85.20% of the stock is owned by 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.