Barclays Cuts lululemon athletica (NASDAQ:LULU) Price Target to $161.00

lululemon athletica (NASDAQ:LULUFree Report) had its target price reduced by Barclays from $203.00 to $161.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the apparel retailer’s stock.

A number of other research analysts have also recently commented on LULU. Robert W. Baird cut their price target on shares of lululemon athletica from $210.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday. BTIG Research dropped their target price on lululemon athletica from $250.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. raised their target price on lululemon athletica from $203.00 to $209.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Wells Fargo & Company decreased their price target on lululemon athletica from $175.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on lululemon athletica in a research report on Thursday, January 8th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $215.33.

Read Our Latest Report on lululemon athletica

lululemon athletica Stock Performance

Shares of LULU stock opened at $162.74 on Wednesday. The firm has a fifty day moving average of $179.32 and a 200-day moving average of $181.11. The stock has a market cap of $19.09 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 4.78 and a beta of 1.00. lululemon athletica has a 52-week low of $156.64 and a 52-week high of $348.50.

lululemon athletica (NASDAQ:LULUGet Free Report) last issued its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, beating the consensus estimate of $4.78 by $0.23. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.59 billion. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $6.14 EPS. On average, sell-side analysts predict that lululemon athletica will post 14.36 earnings per share for the current year.

Institutional Investors Weigh In On lululemon athletica

Several institutional investors have recently modified their holdings of the business. Hussman Strategic Advisors Inc. grew its holdings in lululemon athletica by 66.7% during the 3rd quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock worth $3,737,000 after acquiring an additional 8,400 shares during the period. Pacer Advisors Inc. lifted its stake in shares of lululemon athletica by 2,598.9% in the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock valued at $84,687,000 after purchasing an additional 458,322 shares during the period. Pacific Heights Asset Management LLC boosted its position in shares of lululemon athletica by 44.4% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the apparel retailer’s stock worth $11,565,000 after purchasing an additional 20,000 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of lululemon athletica in the 2nd quarter worth $3,276,000. Finally, Mediolanum International Funds Ltd grew its stake in shares of lululemon athletica by 72.8% during the third quarter. Mediolanum International Funds Ltd now owns 54,318 shares of the apparel retailer’s stock worth $9,729,000 after purchasing an additional 22,891 shares during the period. Institutional investors and hedge funds own 85.20% of the company’s stock.

lululemon athletica News Summary

Here are the key news stories impacting lululemon athletica this week:

lululemon athletica Company Profile

(Get Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

Further Reading

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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