Telsey Advisory Group Cuts Lululemon Athletica (NASDAQ:LULU) Price Target to $470.00

Lululemon Athletica (NASDAQ:LULU) had its price target decreased by Telsey Advisory Group from $515.00 to $470.00 in a report published on Tuesday, Analyst Price Targets reports. Telsey Advisory Group currently has an outperform rating on the apparel retailer’s stock.

A number of other research firms have also recently issued reports on LULU. Deutsche Bank Aktiengesellschaft decreased their target price on Lululemon Athletica from $486.00 to $484.00 and set a buy rating on the stock in a research report on Friday, December 10th. Morgan Stanley decreased their target price on Lululemon Athletica from $419.00 to $404.00 and set an in-line rating on the stock in a research report on Friday, December 10th. Cowen decreased their target price on Lululemon Athletica from $520.00 to $515.00 and set an outperform rating on the stock in a research report on Wednesday, December 8th. Wells Fargo & Company lifted their target price on Lululemon Athletica from $410.00 to $420.00 and gave the company an equal weight rating in a research report on Friday, December 10th. Finally, Oppenheimer lifted their target price on Lululemon Athletica from $405.00 to $520.00 and gave the company an outperform rating in a research report on Friday, September 17th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $448.96.

Shares of NASDAQ LULU opened at $328.98 on Tuesday. Lululemon Athletica has a 52 week low of $269.28 and a 52 week high of $485.83. The stock has a market capitalization of $42.54 billion, a P/E ratio of 49.40, a PEG ratio of 2.49 and a beta of 1.26. The stock’s fifty day moving average is $415.38 and its 200 day moving average is $408.65.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 9th. The apparel retailer reported $1.62 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.21. Lululemon Athletica had a return on equity of 34.83% and a net margin of 14.86%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business earned $1.16 earnings per share. Lululemon Athletica’s revenue was up 29.8% on a year-over-year basis. Research analysts anticipate that Lululemon Athletica will post 7.71 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. TCTC Holdings LLC acquired a new position in shares of Lululemon Athletica in the third quarter worth approximately $30,000. JJJ Advisors Inc. lifted its stake in Lululemon Athletica by 88.1% in the third quarter. JJJ Advisors Inc. now owns 79 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 37 shares during the period. American National Bank lifted its stake in Lululemon Athletica by 1,214.3% in the third quarter. American National Bank now owns 92 shares of the apparel retailer’s stock valued at $37,000 after buying an additional 85 shares during the period. Carderock Capital Management Inc. acquired a new position in Lululemon Athletica in the third quarter valued at approximately $40,000. Finally, Parisi Gray Wealth Management acquired a new position in Lululemon Athletica in the second quarter valued at approximately $49,000. 81.56% of the stock is currently owned by institutional investors.

Lululemon Athletica Company Profile

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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