Lululemon Athletica (NASDAQ:LULU) had its target price reduced by stock analysts at DA Davidson to $145.00 in a research note issued to investors on Friday, The Fly reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. DA Davidson’s price objective would suggest a potential upside of 10.32% from the stock’s current price.

Several other research firms have also issued reports on LULU. B. Riley reaffirmed a “neutral” rating and issued a $155.00 price objective (up from $141.00) on shares of Lululemon Athletica in a research note on Tuesday, October 2nd. Royal Bank of Canada raised their price objective on Lululemon Athletica from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, October 2nd. They noted that the move was a valuation call. Bank of America raised their price objective on Lululemon Athletica from $150.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, August 31st. CIBC raised their price objective on Lululemon Athletica from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. Finally, Buckingham Research raised their price objective on Lululemon Athletica from $110.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, August 20th. Fourteen analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $157.64.

Shares of Lululemon Athletica stock opened at $131.44 on Friday. Lululemon Athletica has a 12 month low of $71.29 and a 12 month high of $164.79. The company has a market cap of $17.69 billion, a P/E ratio of 50.75, a PEG ratio of 1.94 and a beta of 0.37.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 6th. The apparel retailer reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $747.70 million during the quarter, compared to analyst estimates of $736.10 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 earnings per share. On average, equities analysts anticipate that Lululemon Athletica will post 3.59 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. increased its holdings in shares of Lululemon Athletica by 42.9% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 9,971 shares of the apparel retailer’s stock valued at $1,620,000 after acquiring an additional 2,993 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Lululemon Athletica by 22.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,792 shares of the apparel retailer’s stock valued at $473,000 after acquiring an additional 686 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Lululemon Athletica by 110.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 534,411 shares of the apparel retailer’s stock valued at $86,840,000 after acquiring an additional 281,035 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of Lululemon Athletica by 48.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 20,300 shares of the apparel retailer’s stock valued at $3,299,000 after acquiring an additional 6,657 shares during the period. Finally, American Century Companies Inc. purchased a new position in shares of Lululemon Athletica in the 2nd quarter valued at $39,236,000. Institutional investors own 79.24% of the company’s stock.

About Lululemon Athletica

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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