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

Lululemon Athletica (NASDAQ:LULU) had its target price decreased by BMO Capital Markets from $313.00 to $302.00 in a research report sent to investors on Friday morning, MarketBeat.com reports. BMO Capital Markets currently has a market perform rating on the apparel retailer’s stock.

Other equities research analysts also recently issued reports about the stock. TD Cowen lifted their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. UBS Group cut their price target on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a report on Friday. Needham & Company LLC decreased their price objective on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, March 26th. Stifel Nicolaus lowered their target price on Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating for the company in a research report on Friday. Finally, Guggenheim upped their price target on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $293.06 on Friday. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32. The company has a market capitalization of $35.69 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company has a fifty day moving average of $364.63 and a 200-day moving average of $340.22.

Lululemon Athletica (NASDAQ:LULU) last issued 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 business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the prior year, the firm earned $5.29 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts forecast that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Lululemon Athletica

A number of hedge funds have recently added to or reduced their stakes in LULU. TCTC Holdings LLC bought a new position in shares of Lululemon Athletica in the 4th quarter worth $26,000. Anderson Financial Strategies LLC acquired a new position in Lululemon Athletica during the fourth quarter worth $30,000. Kestra Investment Management LLC bought a new position in shares of Lululemon Athletica in the fourth quarter valued at $32,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at about $32,000. Finally, Sound Income Strategies LLC increased its position in shares of Lululemon Athletica by 309.5% during the fourth 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. Institutional investors and hedge funds 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.