Lululemon Athletica (NASDAQ:LULU) Given New $315.00 Price Target at Wells Fargo & Company

Lululemon Athletica (NASDAQ:LULU) had its target price decreased by Wells Fargo & Company from $375.00 to $315.00 in a report released on Friday morning, MarketBeat Ratings reports. Wells Fargo & Company currently has an equal weight rating on the apparel retailer’s stock.

A number of other research firms have also recently commented on LULU. Robert W. Baird boosted their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Truist Financial boosted their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Evercore ISI increased their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $380.72.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $293.06 on Friday. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $423.32. The company 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. The company has a fifty day moving average of $364.63 and a 200 day moving average of $340.22.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping 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 business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the firm posted $5.29 earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. Research analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Investors Weigh In On Lululemon Athletica

A number of hedge funds have recently bought and sold shares of LULU. Price T Rowe Associates Inc. MD increased its stake in shares of Lululemon Athletica by 95.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after buying an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. acquired a new position in Lululemon Athletica during the 4th quarter worth approximately $523,520,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $370,062,000. Alliancebernstein L.P. raised its holdings in shares of Lululemon Athletica by 14.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Lululemon Athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after purchasing an additional 556,406 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

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.