TD Securities Issues Positive Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its price target raised by analysts at TD Securities from $370.00 to $373.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. TD Securities’ target price indicates a potential upside of 10.86% from the stock’s previous close.

A number of other equities analysts have also issued reports on LULU. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Thursday, April 3rd. BTIG Research cut their price target on Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, March 28th. JPMorgan Chase & Co. dropped their price objective on Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group lowered their price target on Lululemon Athletica from $363.00 to $302.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group reduced their price objective on Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating on the stock in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $367.10.

Lululemon Athletica Stock Up 4.2%

Shares of LULU stock traded up $13.50 on Tuesday, hitting $336.45. The stock had a trading volume of 1,307,780 shares, compared to its average volume of 2,157,768. The company has a market cap of $40.59 billion, a PE ratio of 24.29, a P/E/G ratio of 2.22 and a beta of 1.30. The business has a 50 day moving average price of $284.55 and a 200 day moving average price of $338.02. Lululemon Athletica has a one year low of $226.01 and a one year high of $423.32.

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

Institutional Investors Weigh In On Lululemon Athletica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Brighton Jones LLC bought a new position in Lululemon Athletica in the fourth quarter valued at about $429,000. Caprock Group LLC boosted its holdings in shares of Lululemon Athletica by 44.0% in the 4th quarter. Caprock Group LLC now owns 1,703 shares of the apparel retailer’s stock worth $651,000 after purchasing an additional 520 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Lululemon Athletica by 9.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 826 shares of the apparel retailer’s stock valued at $325,000 after acquiring an additional 72 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Lululemon Athletica by 6.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,375 shares of the apparel retailer’s stock valued at $1,291,000 after acquiring an additional 211 shares during the period. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Lululemon Athletica by 26.6% in the 4th quarter. DAVENPORT & Co LLC now owns 957 shares of the apparel retailer’s stock worth $366,000 after buying an additional 201 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

About Lululemon Athletica

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.