Lululemon Athletica (NASDAQ:LULU) Price Target Lowered to $370.00 at Robert W. Baird

Lululemon Athletica (NASDAQ:LULU) had its target price trimmed by Robert W. Baird from $450.00 to $370.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the apparel retailer’s stock.

Several other equities research analysts also recently weighed in on LULU. Morgan Stanley reduced their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Wells Fargo & Company reduced their price objective on Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. Guggenheim boosted their target price on Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Oppenheimer increased their price target on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Telsey Advisory Group lowered their price objective on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus target price of $378.31.

Lululemon Athletica Stock Up 3.1 %

Shares of NASDAQ LULU opened at $263.70 on Friday. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32. The business’s 50 day moving average is $353.59 and its two-hundred day moving average is $339.47. The firm has a market cap of $32.11 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) 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 analyst estimates of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.29 EPS. Analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Beacon Capital Management LLC increased its stake in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after acquiring an additional 24 shares during the period. Edgestream Partners L.P. increased its position in Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after purchasing an additional 25 shares during the period. SeaCrest Wealth Management LLC raised its stake in shares of Lululemon Athletica by 2.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock worth $389,000 after buying an additional 26 shares in the last quarter. 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 valued at $76,000 after buying an additional 26 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Lululemon Athletica by 9.4% in the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock valued at $124,000 after buying an additional 28 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.