Lululemon Athletica (NASDAQ:LULU) Given a $450.00 Price Target at Citigroup

Citigroup set a $450.00 price objective on Lululemon Athletica (NASDAQ:LULU) in a research report report published on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the apparel retailer’s stock.

LULU has been the topic of several other reports. Oppenheimer lifted their target price on Lululemon Athletica from $400.00 to $450.00 and gave the stock an outperform rating in a report on Friday. StockNews.com started coverage on Lululemon Athletica in a report on Thursday, August 17th. They issued a hold rating on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Lululemon Athletica from $465.00 to $471.00 in a report on Friday, June 2nd. Morgan Stanley upped their price objective on shares of Lululemon Athletica from $405.00 to $424.00 in a research note on Friday, June 2nd. Finally, Robert W. Baird lifted their target price on shares of Lululemon Athletica from $430.00 to $455.00 in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $435.69.

Lululemon Athletica Trading Up 6.0 %

Shares of LULU stock opened at $404.19 on Friday. The firm has a market capitalization of $51.36 billion, a price-to-earnings ratio of 54.04, a PEG ratio of 1.66 and a beta of 1.42. The business’s 50-day moving average price is $378.66 and its 200-day moving average price is $358.80. Lululemon Athletica has a 12 month low of $277.50 and a 12 month high of $406.75.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, August 31st. The apparel retailer reported $2.68 EPS for the quarter, topping the consensus estimate of $2.54 by $0.14. Lululemon Athletica had a net margin of 11.24% and a return on equity of 44.94%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company earned $2.20 EPS. The firm’s revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts predict that Lululemon Athletica will post 11.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LULU. PFG Private Wealth Management LLC lifted its stake in Lululemon Athletica by 10.9% during the 1st quarter. PFG Private Wealth Management LLC now owns 286 shares of the apparel retailer’s stock valued at $104,000 after acquiring an additional 28 shares in the last quarter. First National Bank of Hutchinson lifted its position in shares of Lululemon Athletica by 3.7% during the second quarter. First National Bank of Hutchinson now owns 779 shares of the apparel retailer’s stock valued at $295,000 after purchasing an additional 28 shares in the last quarter. Inscription Capital LLC boosted its holdings in Lululemon Athletica by 1.8% during the first quarter. Inscription Capital LLC now owns 1,612 shares of the apparel retailer’s stock worth $587,000 after purchasing an additional 29 shares during the last quarter. Addison Advisors LLC grew its position in Lululemon Athletica by 8.9% in the 1st quarter. Addison Advisors LLC now owns 356 shares of the apparel retailer’s stock worth $130,000 after purchasing an additional 29 shares in the last quarter. Finally, KRS Capital Management LLC increased its stake in Lululemon Athletica by 1.7% in the 1st quarter. KRS Capital Management LLC now owns 1,803 shares of the apparel retailer’s stock valued at $657,000 after buying an additional 30 shares during the last quarter. Institutional investors own 91.50% of the company’s stock.

Lululemon Athletica Company Profile

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.