Lululemon Athletica (NASDAQ:LULU) Price Target Raised to $315.00

Lululemon Athletica (NASDAQ:LULU) had its target price hoisted by Piper Sandler from $280.00 to $315.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

LULU has been the topic of several other reports. Barclays reduced their price objective on Lululemon Athletica from $309.00 to $276.00 and set an “equal weight” rating on the stock in a research note on Monday, May 12th. Oppenheimer boosted their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Thursday, April 3rd. UBS Group reduced their target price on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a report on Friday, March 28th. Finally, Robert W. Baird lowered their price target on Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating for the company in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $367.10.

Lululemon Athletica Stock Down 1.3%

NASDAQ:LULU opened at $330.78 on Tuesday. The company has a market cap of $39.90 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.22 and a beta of 1.26. The firm’s 50 day moving average is $286.22 and its two-hundred day moving average is $338.13. 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 issued its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting the consensus estimate of $2.60. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company posted $2.54 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts forecast that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Lululemon Athletica during the 1st quarter valued at approximately $25,000. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $26,000. Cornerstone Planning Group LLC lifted its position in shares of Lululemon Athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock worth $26,000 after buying an additional 81 shares during the last quarter. Flaharty Asset Management LLC bought a new position in shares of Lululemon Athletica in the 1st quarter worth about $29,000. Finally, Anderson Financial Strategies LLC acquired a new position in shares of Lululemon Athletica in the 4th quarter valued at about $30,000. Institutional investors 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.