lululemon athletica (NASDAQ:LULU) Given New $176.00 Price Target at UBS Group

lululemon athletica (NASDAQ:LULUGet Free Report) had its target price reduced by research analysts at UBS Group from $189.00 to $176.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s price objective would indicate a potential upside of 6.95% from the stock’s current price.

A number of other equities analysts have also commented on the company. Citigroup boosted their price objective on lululemon athletica from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. The Goldman Sachs Group reduced their price objective on lululemon athletica from $200.00 to $184.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of lululemon athletica in a research report on Thursday, January 8th. They issued a “hold” rating for the company. Piper Sandler upped their target price on lululemon athletica from $165.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Daiwa Securities Group boosted their price target on lululemon athletica from $174.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, lululemon athletica presently has a consensus rating of “Hold” and a consensus target price of $218.19.

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lululemon athletica Stock Performance

Shares of LULU opened at $164.56 on Wednesday. The company has a 50-day simple moving average of $182.00 and a 200-day simple moving average of $181.61. lululemon athletica has a 52 week low of $156.64 and a 52 week high of $348.50. The firm has a market capitalization of $19.30 billion, a P/E ratio of 11.48, a P/E/G ratio of 10.13 and a beta of 1.00.

lululemon athletica (NASDAQ:LULUGet Free Report) last issued its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, topping the consensus estimate of $4.78 by $0.23. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.14 earnings per share. As a group, equities analysts forecast that lululemon athletica will post 14.36 earnings per share for the current year.

Institutional Investors Weigh In On lululemon athletica

Several hedge funds have recently added to or reduced their stakes in LULU. Cornerstone Planning Group LLC lifted its position in lululemon athletica by 81.9% during the third quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 68 shares during the period. Integrated Financial Solutions Inc. acquired a new position in lululemon athletica during the fourth quarter valued at approximately $26,000. Uniplan Investment Counsel Inc. bought a new stake in lululemon athletica during the fourth quarter worth $26,000. Murphy & Mullick Capital Management Corp lifted its stake in lululemon athletica by 187.5% during the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock worth $27,000 after purchasing an additional 105 shares during the last quarter. Finally, GoalVest Advisory LLC bought a new position in shares of lululemon athletica in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Key Headlines Impacting lululemon athletica

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About lululemon athletica

(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.

Further Reading

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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