UBS Group Lowers lululemon athletica (NASDAQ:LULU) Price Target to $176.00

lululemon athletica (NASDAQ:LULUGet Free Report) had its price objective lowered by equities researchers at UBS Group from $189.00 to $176.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s price target would suggest a potential upside of 6.95% from the company’s previous close.

A number of other research analysts also recently weighed in on the company. Raymond James Financial reiterated a “strong-buy” rating on shares of lululemon athletica in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price objective on lululemon athletica from $203.00 to $209.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft initiated coverage on lululemon athletica in a research note on Thursday, January 8th. They set a “hold” rating on the stock. Weiss Ratings raised shares of lululemon athletica from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. Finally, Bank of America decreased their price target on shares of lululemon athletica from $220.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $218.19.

Get Our Latest Stock Analysis on lululemon athletica

lululemon athletica Stock Performance

lululemon athletica stock opened at $164.56 on Wednesday. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth 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. The firm’s 50 day moving average price is $182.00 and its two-hundred day moving average price is $181.61.

lululemon athletica (NASDAQ:LULUGet Free Report) last announced its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, beating analysts’ consensus estimates of $4.78 by $0.23. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. lululemon athletica had a return on equity of 39.78% and a net margin of 15.72%.The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.14 EPS. As a group, equities analysts predict that lululemon athletica will post 14.36 EPS for the current fiscal year.

Institutional Investors Weigh In On lululemon athletica

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of lululemon athletica by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock worth $2,452,394,000 after purchasing an additional 521,915 shares during the last quarter. Geode Capital Management LLC increased its position in lululemon athletica by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 3,049,911 shares of the apparel retailer’s stock worth $631,526,000 after buying an additional 71,464 shares during the period. Invesco Ltd. lifted its holdings in shares of lululemon athletica by 28.7% during the third quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock worth $391,544,000 after buying an additional 490,127 shares during the last quarter. Morgan Stanley lifted its holdings in shares of lululemon athletica by 2.8% during the fourth quarter. Morgan Stanley now owns 2,197,158 shares of the apparel retailer’s stock worth $456,592,000 after buying an additional 59,282 shares during the last quarter. Finally, Flossbach Von Storch SE boosted its position in shares of lululemon athletica by 17.7% in the third quarter. Flossbach Von Storch SE now owns 1,930,831 shares of the apparel retailer’s stock valued at $343,553,000 after acquiring an additional 290,614 shares during the period. Institutional investors own 85.20% of the company’s stock.

lululemon athletica News Summary

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About lululemon athletica

(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.

Further Reading

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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