BTIG Research Issues Pessimistic Forecast for lululemon athletica (NASDAQ:LULU) Stock Price

lululemon athletica (NASDAQ:LULUGet Free Report) had its price objective lowered by equities research analysts at BTIG Research from $250.00 to $225.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. BTIG Research’s price objective indicates a potential upside of 41.27% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group dropped their price objective on shares of lululemon athletica from $200.00 to $184.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $210.00 price objective on shares of lululemon athletica in a research report on Tuesday, December 30th. JPMorgan Chase & Co. boosted their target price on shares of lululemon athletica from $203.00 to $209.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Daiwa Securities Group increased their target price on lululemon athletica from $174.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, December 16th. Finally, Citigroup raised their price target on lululemon athletica from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $221.15.

View Our Latest Research Report on lululemon athletica

lululemon athletica Stock Performance

Shares of LULU opened at $159.27 on Wednesday. The stock has a 50-day simple moving average of $182.00 and a 200-day simple moving average of $181.61. The stock has a market capitalization of $18.68 billion, a PE ratio of 11.04, a PEG ratio of 10.13 and a beta of 1.00. lululemon athletica has a 1 year low of $156.64 and a 1 year high of $348.50.

lululemon athletica (NASDAQ:LULUGet Free Report) last released its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, topping analysts’ consensus estimates of $4.78 by $0.23. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.59 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The business’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. Analysts predict that lululemon athletica will post 14.36 EPS for the current year.

Hedge Funds Weigh In On lululemon athletica

Hedge funds have recently made changes to their positions in the company. Uniplan Investment Counsel Inc. purchased a new stake in shares of lululemon athletica in the 4th quarter valued at about $26,000. Integrated Financial Solutions Inc. purchased a new stake in lululemon athletica in the fourth quarter valued at approximately $26,000. GoalVest Advisory LLC acquired a new stake in shares of lululemon athletica in the fourth quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of lululemon athletica by 464.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 116 shares during the period. Finally, Elyxium Wealth LLC purchased a new position in shares of lululemon athletica during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Key Stories Impacting lululemon athletica

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lululemon athletica Company Profile

(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.

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Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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