lululemon athletica (NASDAQ:LULU) Price Target Cut to $225.00 by Analysts at BTIG Research

lululemon athletica (NASDAQ:LULUGet Free Report) had its price target cut by research analysts at BTIG Research from $250.00 to $225.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. BTIG Research’s price objective indicates a potential upside of 41.27% from the company’s current price.

Several other research analysts also recently weighed in on LULU. Barclays lifted their target price on lululemon athletica from $180.00 to $189.00 and gave the company an “equal weight” rating in a research note on Friday, December 12th. UBS Group cut their price target on lululemon athletica from $206.00 to $189.00 and set a “neutral” rating for the company in a research note on Monday, March 9th. Guggenheim started coverage on shares of lululemon athletica in a research report on Wednesday, December 10th. They issued a “neutral” rating on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of lululemon athletica in a research note on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of lululemon athletica in a research report on Thursday, January 8th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $221.15.

Read Our Latest Stock Report on lululemon athletica

lululemon athletica Stock Performance

Shares of NASDAQ:LULU opened at $159.27 on Wednesday. lululemon athletica has a one year low of $156.64 and a one year high of $348.50. The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 10.13 and a beta of 1.00. The company has a 50-day simple moving average of $182.00 and a 200-day simple moving average of $181.61.

lululemon athletica (NASDAQ:LULUGet Free Report) last released its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.78 by $0.23. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.59 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The business’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $6.14 earnings per share. As a group, research analysts forecast that lululemon athletica will post 14.36 EPS for the current fiscal year.

Institutional Investors Weigh In On lululemon athletica

Institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC grew its holdings in shares of lululemon athletica by 81.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 68 shares during the period. Integrated Financial Solutions Inc. purchased a new stake in lululemon athletica during the fourth quarter worth $26,000. Uniplan Investment Counsel Inc. purchased a new stake in lululemon athletica during the fourth quarter worth $26,000. Murphy & Mullick Capital Management Corp grew its holdings in lululemon athletica by 187.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Finally, GoalVest Advisory LLC acquired a new stake in lululemon athletica in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

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lululemon athletica Company Profile

(Get Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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