Lululemon Athletica (NASDAQ:LULU) Given New $309.00 Price Target at Barclays

Lululemon Athletica (NASDAQ:LULU) had its target price cut by stock analysts at Barclays from $411.00 to $309.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the apparel retailer’s stock. Barclays‘s price objective suggests a potential upside of 5.20% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. KeyCorp decreased their price target 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. TD Securities increased their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Bank of America cut their target price on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $383.66.

Lululemon Athletica Stock Performance

Shares of NASDAQ LULU traded down $47.79 during trading hours on Friday, hitting $293.74. 7,831,965 shares of the stock were exchanged, compared to its average volume of 2,124,191. The company’s fifty day simple moving average is $366.25 and its two-hundred day simple moving average is $338.67. The company has a market cap of $35.77 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $423.32.

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

Institutional Investors Weigh In On Lululemon Athletica

Several large investors have recently added to or reduced their stakes in the company. TCTC Holdings LLC purchased a new position in Lululemon Athletica in the 4th quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth approximately $30,000. Kestra Investment Management LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica in the 4th quarter valued at about $32,000. Finally, Sound Income Strategies LLC boosted its position in shares of Lululemon Athletica by 309.5% during the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

About Lululemon Athletica

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.