Lululemon Athletica (NASDAQ:LULU) PT Set at $330.00 by Citigroup

Lululemon Athletica (NASDAQ:LULU) has been given a $330.00 price objective by research analysts at Citigroup in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “negative” rating on the apparel retailer’s stock. Citigroup’s target price would suggest a potential upside of 13.48% from the company’s previous close.

Other equities analysts have also issued research reports about the company. KeyCorp cut their target price on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Friday. Morgan Stanley cut their price target on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a report on Friday. Barclays cut their price objective on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research report on Friday. Needham & Company LLC reduced their target price on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their target price for the company from $360.00 to $460.00 in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $380.72.

Lululemon Athletica Price Performance

Lululemon Athletica stock traded down $50.73 during mid-day trading on Friday, reaching $290.80. 9,836,341 shares of the company traded hands, compared to its average volume of 2,131,841. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32. The firm has a market capitalization of $35.41 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.22 and a beta of 1.21. The firm’s 50 day moving average price is $366.25 and its 200 day moving average price is $338.67.

Lululemon Athletica (NASDAQ:LULU) last posted its 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 company 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%. Lululemon Athletica’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.29 earnings per share. On average, sell-side analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current year.

Hedge Funds Weigh In On Lululemon Athletica

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position 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 purchasing an additional 2,371,079 shares during the last quarter. Alliancebernstein L.P. increased 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 worth $1,681,682,000 after acquiring an additional 571,657 shares during the period. Geode Capital Management LLC grew its position in Lululemon Athletica by 0.4% in the 4th 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 last quarter. Capital World Investors raised its holdings 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 valued at $827,338,000 after buying an additional 556,406 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in Lululemon Athletica by 31.0% during the 4th quarter. Schroder Investment Management Group now owns 1,781,237 shares of the apparel retailer’s stock worth $681,163,000 after acquiring an additional 421,890 shares during the period. Hedge funds and other institutional investors 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.