BMO Capital Markets Lowers Lululemon Athletica (NASDAQ:LULU) Price Target to $302.00

Lululemon Athletica (NASDAQ:LULU) had its price target lowered by stock analysts at BMO Capital Markets from $313.00 to $302.00 in a research report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a “market perform” rating on the apparel retailer’s stock. BMO Capital Markets’ price objective suggests a potential upside of 3.05% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Bank of America decreased their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a research note on Friday. Telsey Advisory Group dropped their target price on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating on the stock in a report on Friday. Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 target price on shares of Lululemon Athletica in a research note on Monday, December 2nd. Citigroup lowered their price target on Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Finally, UBS Group cut their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $380.72.

Lululemon Athletica Stock Down 14.2 %

Shares of LULU stock opened at $293.06 on Friday. The business’s fifty day moving average is $364.63 and its 200 day moving average is $339.62. The stock has a market cap of $35.69 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32.

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, topping analysts’ consensus estimates of $5.85 by $0.29. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.29 EPS. Equities research analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lululemon Athletica

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