Lululemon Athletica Inc. (NASDAQ:LULU) Receives $369.52 Average Price Target from Brokerages

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) have been assigned an average recommendation of “Moderate Buy” from the thirty-one ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $367.10.

A number of research firms have weighed in on LULU. BMO Capital Markets decreased their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a research report on Friday, March 28th. Robert W. Baird decreased their target price on shares of Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Raymond James reissued a “market perform” rating and set a $430.00 target price on shares of Lululemon Athletica in a research report on Friday, March 28th. Finally, KeyCorp decreased their target price on shares of Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating for the company in a research report on Friday, March 28th.

Institutional Investors Weigh In On Lululemon Athletica

Institutional investors and hedge funds have recently modified their holdings of the business. Beacon Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after buying an additional 24 shares during the period. Edgestream Partners L.P. lifted its holdings in shares of Lululemon Athletica by 0.7% in the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after buying an additional 25 shares during the period. Dnca Finance lifted its holdings in shares of Lululemon Athletica by 15.1% in the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock worth $76,000 after buying an additional 26 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in shares of Lululemon Athletica by 9.4% in the 4th quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after buying an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. lifted its holdings in shares of Lululemon Athletica by 3.3% in the 4th quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after buying an additional 30 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Price Performance

Shares of NASDAQ:LULU opened at $335.19 on Friday. Lululemon Athletica has a one year low of $226.01 and a one year high of $423.32. The company has a market cap of $40.44 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.22 and a beta of 1.26. The firm has a 50 day simple moving average of $285.26 and a 200 day simple moving average of $337.98.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the firm posted $5.29 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, analysts expect that Lululemon Athletica will post 14.36 EPS for the current year.

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.