Lululemon Athletica (NASDAQ:LULU) Given a $330.00 Price Target by Citigroup Analysts

Citigroup set a $330.00 price objective on Lululemon Athletica (NASDAQ:LULU) in a research note published on Friday morning,BayStreet.CA reports. The brokerage currently has a negative rating on the apparel retailer’s stock.

Several other equities research analysts have also recently weighed in on LULU. Barclays reduced their price target on shares of Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating on the stock in a research report on Friday. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Guggenheim boosted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. Needham & Company LLC reduced their target price on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a research note on Wednesday, March 26th. Finally, Evercore ISI lifted their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $380.72.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $293.06 on Friday. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21. The firm has a fifty day moving average price of $364.63 and a 200 day moving average price of $340.22. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.29 EPS. As a group, research analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LULU. TCTC Holdings LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth about $26,000. Anderson Financial Strategies LLC acquired a new position in Lululemon Athletica during the 4th quarter valued at approximately $30,000. Kestra Investment Management LLC purchased a new position in Lululemon Athletica in the 4th quarter worth $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica during the 4th quarter worth about $32,000. Finally, Sound Income Strategies LLC increased its holdings 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 purchasing an additional 65 shares during the period. 85.20% of the stock is owned by institutional investors and hedge funds.

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.