UBS Group Cuts Lululemon Athletica (NASDAQ:LULU) Price Target to $335.00

Lululemon Athletica (NASDAQ:LULU) had its price objective lowered by UBS Group from $376.00 to $335.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

Other research analysts have also recently issued reports about the company. KeyCorp boosted their target price on Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. BMO Capital Markets boosted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Evercore ISI raised their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. TD Cowen lifted their price target on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Finally, Oppenheimer upped their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Two 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 currently has an average rating of “Moderate Buy” and an average target price of $380.72.

Lululemon Athletica Stock Performance

Shares of LULU opened at $293.06 on Friday. The stock has a 50 day moving average price of $364.63 and a 200 day moving average price of $340.22. The stock has a market capitalization of $35.69 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a one year low of $226.01 and a one year high of $423.32.

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

Institutional Trading of Lululemon Athletica

A number of large investors have recently made changes to their positions in LULU. Qsemble Capital Management LP acquired a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $210,000. D.A. Davidson & CO. raised its position in Lululemon Athletica by 13.1% in the 3rd quarter. D.A. Davidson & CO. now owns 3,074 shares of the apparel retailer’s stock valued at $834,000 after purchasing an additional 356 shares during the last quarter. Townsquare Capital LLC boosted its stake in Lululemon Athletica by 47.9% during the 3rd quarter. Townsquare Capital LLC now owns 2,205 shares of the apparel retailer’s stock worth $598,000 after purchasing an additional 714 shares during the period. Glenmede Trust Co. NA grew its position in Lululemon Athletica by 18.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,614 shares of the apparel retailer’s stock worth $438,000 after purchasing an additional 256 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in Lululemon Athletica during the 3rd quarter worth $274,000. 85.20% of the stock is owned by institutional investors and hedge funds.

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.