Lululemon Athletica’s (LULU) Market Perform Rating Reaffirmed at CICC Research

Lululemon Athletica (NASDAQ:LULU)‘s stock had its “market perform” rating restated by investment analysts at CICC Research in a note issued to investors on Monday,Benzinga reports. They presently have a $280.49 target price on the apparel retailer’s stock. CICC Research’s target price would suggest a potential upside of 7.74% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Truist Financial reduced their price target on shares of Lululemon Athletica from $297.00 to $290.00 and set a “buy” rating on the stock in a research report on Friday. Piper Sandler boosted their target price on shares of Lululemon Athletica from $280.00 to $315.00 and gave the stock a “neutral” rating in a report on Tuesday, June 3rd. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. Robert W. Baird lowered their price target on shares of Lululemon Athletica from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Friday. Finally, Cfra Research raised Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.26.

Lululemon Athletica Stock Down 1.9%

LULU stock traded down $4.93 during mid-day trading on Monday, hitting $260.34. The company had a trading volume of 3,973,991 shares, compared to its average volume of 2,178,304. The company has a 50-day moving average price of $285.93 and a 200 day moving average price of $338.24. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $423.32. The company has a market capitalization of $31.41 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 2.22 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting analysts’ consensus estimates of $2.60. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the business earned $2.54 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts expect that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TCTC Holdings LLC bought a new stake in Lululemon Athletica during the 4th quarter valued at $26,000. Anderson Financial Strategies LLC purchased a new position in shares of Lululemon Athletica during the fourth quarter valued at $30,000. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the fourth quarter worth about $32,000. Finally, Asset Planning Inc purchased a new stake in Lululemon Athletica in the fourth quarter worth about $33,000. 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.