Lululemon Athletica (NASDAQ:LULU) Downgraded by Argus to “Hold”

Lululemon Athletica (NASDAQ:LULU) was downgraded by investment analysts at Argus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday,Finviz reports.

Several other analysts also recently issued reports on LULU. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Robert W. Baird boosted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Barclays reduced their price target on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets reduced their target price on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average target price of $380.72.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $283.06 on Tuesday. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $423.32. The business’s fifty day moving average is $362.82 and its 200-day moving average is $340.38. The stock has a market cap of $34.47 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the company earned $5.29 earnings per share. Lululemon Athletica’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Trading of Lululemon Athletica

A number of institutional investors and hedge funds have recently modified their holdings of the company. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at $26,000. Anderson Financial Strategies LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth about $30,000. Kestra Investment Management LLC acquired a new position in Lululemon Athletica in the 4th quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Finally, Asset Planning Inc acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at approximately $33,000. 85.20% of the stock is currently owned by 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.