Lululemon Athletica (NASDAQ:LULU) Given New $338.00 Price Target at Barclays

Lululemon Athletica (NASDAQ:LULUFree Report) had its price target cut by Barclays from $395.00 to $338.00 in a research note released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the apparel retailer’s stock.

A number of other equities analysts have also commented on the company. Robert W. Baird dropped their price objective on Lululemon Athletica from $555.00 to $505.00 and set an outperform rating on the stock in a research note on Friday, April 19th. KeyCorp dropped their price target on Lululemon Athletica from $570.00 to $515.00 and set an overweight rating on the stock in a research report on Friday, March 22nd. TD Securities reduced their price objective on Lululemon Athletica from $515.00 to $437.00 and set a buy rating for the company in a research report on Wednesday, May 29th. TD Cowen boosted their target price on shares of Lululemon Athletica from $437.00 to $447.00 and gave the stock a buy rating in a research report on Thursday. Finally, Wedbush increased their price target on shares of Lululemon Athletica from $397.00 to $400.00 and gave the company an outperform rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $437.55.

Get Our Latest Stock Report on LULU

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $323.03 on Thursday. The company has a market capitalization of $40.71 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.46 and a beta of 1.27. The stock’s 50 day simple moving average is $341.94 and its 200 day simple moving average is $423.64. Lululemon Athletica has a twelve month low of $293.03 and a twelve month high of $516.39.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.16. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period in the previous year, the company earned $2.28 earnings per share. Lululemon Athletica’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts forecast that Lululemon Athletica will post 14.08 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the transaction, the director now owns 500 shares in the company, valued at approximately $194,645. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lululemon Athletica

Institutional investors have recently modified their holdings of the stock. Sheaff Brock Investment Advisors LLC bought a new position in Lululemon Athletica in the 4th quarter worth approximately $1,114,000. Rockline Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at $1,503,000. Envestnet Asset Management Inc. lifted its stake in shares of Lululemon Athletica by 30.3% during the third quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock valued at $73,248,000 after acquiring an additional 44,141 shares during the period. Advisory Services Network LLC increased its position in Lululemon Athletica by 6.0% in the fourth quarter. Advisory Services Network LLC now owns 5,622 shares of the apparel retailer’s stock worth $2,874,000 after purchasing an additional 319 shares during the period. Finally, Blair William & Co. IL increased its position in Lululemon Athletica by 1.9% in the third quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock worth $112,081,000 after purchasing an additional 5,403 shares during the period. 85.20% of the stock is owned by institutional investors.

Lululemon Athletica Company Profile

(Get Free Report)

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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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