Lululemon Athletica (NASDAQ:LULU) Price Target Lowered to $400.00 at KeyCorp

Lululemon Athletica (NASDAQ:LULU) had its price objective reduced by equities research analysts at KeyCorp from $420.00 to $400.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the apparel retailer’s stock. KeyCorp’s price objective would indicate a potential upside of 37.99% from the company’s current price.

A number of other brokerages also recently issued reports on LULU. TD Cowen upped their price target on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Oppenheimer raised their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. UBS Group lowered their price target on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a report on Friday. TD Securities raised their price target on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley reduced their price objective on Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $387.17.

Lululemon Athletica Stock Down 15.1 %

Shares of LULU traded down $51.64 during trading hours on Friday, reaching $289.89. 4,624,343 shares of the company traded hands, compared to its average volume of 2,086,990. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market capitalization of $35.30 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The company’s fifty day moving average price is $366.25 and its two-hundred day moving average price is $338.67.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data 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 the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company earned $5.29 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts expect that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Investors Weigh In On Lululemon Athletica

Large investors have recently added to or reduced their stakes in the stock. TCTC Holdings LLC purchased a new position in shares of Lululemon Athletica in the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC bought a new stake in Lululemon Athletica in the fourth quarter worth $30,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica during the fourth quarter valued at $32,000. Finally, Sound Income Strategies LLC raised its stake in shares of Lululemon Athletica by 309.5% in the fourth 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 period. 85.20% of the stock is owned by institutional investors.

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.