Lululemon Athletica (NASDAQ:LULU) PT Lowered to $450.00 at JPMorgan Chase & Co.

Lululemon Athletica (NASDAQ:LULU) had its target price decreased by JPMorgan Chase & Co. from $518.00 to $450.00 in a report published on Tuesday morning, The Fly reports.

Several other equities analysts have also issued reports on the company. MKM Partners lifted their target price on Lululemon Athletica from $468.00 to $485.00 and gave the company a buy rating in a research note on Friday, December 10th. Truist Securities began coverage on Lululemon Athletica in a research note on Thursday, December 16th. They issued a hold rating and a $435.00 target price on the stock. Citigroup cut their target price on Lululemon Athletica from $435.00 to $400.00 in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on Lululemon Athletica from $484.00 to $453.00 in a research note on Tuesday. Finally, Cowen cut their target price on Lululemon Athletica from $520.00 to $515.00 and set an outperform rating on the stock in a research note on Wednesday, December 8th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of Buy and an average target price of $448.96.

Shares of Lululemon Athletica stock opened at $328.98 on Tuesday. The firm has a market cap of $42.54 billion, a P/E ratio of 49.40, a P/E/G ratio of 2.49 and a beta of 1.26. Lululemon Athletica has a 12 month low of $269.28 and a 12 month high of $485.83. The stock’s fifty day moving average price is $415.38 and its 200-day moving average price is $408.65.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 9th. The apparel retailer reported $1.62 EPS for the quarter, beating the consensus estimate of $1.41 by $0.21. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Lululemon Athletica had a return on equity of 34.83% and a net margin of 14.86%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 earnings per share. As a group, research analysts forecast that Lululemon Athletica will post 7.71 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in LULU. TCTC Holdings LLC acquired a new stake in shares of Lululemon Athletica during the third quarter worth about $30,000. JJJ Advisors Inc. lifted its holdings in shares of Lululemon Athletica by 88.1% during the third quarter. JJJ Advisors Inc. now owns 79 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 37 shares during the period. American National Bank lifted its holdings in shares of Lululemon Athletica by 1,214.3% during the third quarter. American National Bank now owns 92 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 85 shares during the period. Carderock Capital Management Inc. acquired a new position in Lululemon Athletica in the third quarter valued at approximately $40,000. Finally, Parisi Gray Wealth Management acquired a new position in Lululemon Athletica in the second quarter valued at approximately $49,000. 81.56% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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