Lululemon Athletica (NASDAQ:LULU) Given New $335.00 Price Target at UBS Group

Lululemon Athletica (NASDAQ:LULU) had its price objective decreased by equities research 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 target price would suggest a potential upside of 13.25% from the stock’s current price.

A number of other brokerages have also recently issued reports on LULU. Morgan Stanley reduced their price objective on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a research note on Friday. Oppenheimer upped their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Stifel Nicolaus lowered their price objective on Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets boosted their price objective on shares of Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Raymond James restated a “market perform” rating on shares of Lululemon Athletica in a report on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $389.93.

Lululemon Athletica Trading Down 13.4 %

LULU stock opened at $295.81 on Friday. The company’s 50 day moving average is $366.25 and its 200 day moving average is $338.67. The stock has a market cap of $36.03 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth 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 released 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 for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company’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. As a group, sell-side analysts forecast that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $26,000. Anderson Financial Strategies LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter worth about $30,000. Kestra Investment Management LLC bought a new stake in Lululemon Athletica during the 4th quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter valued at $32,000. Finally, Sound Income Strategies LLC lifted its stake in Lululemon Athletica by 309.5% during the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

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.