Lululemon Athletica (NASDAQ:LULU) Price Target Cut to $385.00 by Analysts at Telsey Advisory Group

Lululemon Athletica (NASDAQ:LULU) had its target price reduced by research analysts at Telsey Advisory Group from $445.00 to $385.00 in a research note issued on Friday,Briefing.com Automated Import reports. The brokerage presently has an “outperform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price points to a potential upside of 12.73% from the stock’s previous close.

LULU has been the subject of a number of other research reports. TD Securities boosted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Raymond James reissued an “outperform” rating and set a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. UBS Group boosted their price objective on Lululemon Athletica from $315.00 to $360.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, KeyCorp raised their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $393.48.

Lululemon Athletica Price Performance

Shares of LULU opened at $341.53 on Friday. Lululemon Athletica has a one year low of $226.01 and a one year high of $423.32. The business has a fifty day moving average of $366.25 and a 200 day moving average of $338.67. The firm has a market capitalization of $41.59 billion, a P/E ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.29 EPS. Analysts expect that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Institutional Trading of Lululemon Athletica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew 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 valued at $1,854,160,000 after buying an additional 2,371,079 shares during the last quarter. Alliancebernstein L.P. grew its position in 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 acquiring an additional 571,657 shares during the last quarter. Geode Capital Management LLC increased its stake in Lululemon Athletica by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer’s stock worth $947,682,000 after purchasing an additional 10,461 shares during the period. Capital World Investors lifted its position in shares of Lululemon Athletica by 34.6% during the fourth 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. Finally, Schroder Investment Management Group boosted its stake in shares of Lululemon Athletica by 31.0% during the fourth quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock valued at $681,163,000 after purchasing an additional 421,890 shares during the period. 85.20% of the stock is owned by hedge funds and other 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.