Lululemon Athletica (NASDAQ:LULU) Given New $315.00 Price Target at Piper Sandler

Lululemon Athletica (NASDAQ:LULU) had its price objective boosted by Piper Sandler from $280.00 to $315.00 in a research note released on Tuesday,Benzinga reports. Piper Sandler currently has a neutral rating on the apparel retailer’s stock.

Other equities research analysts also recently issued reports about the company. Barclays reduced their price objective on Lululemon Athletica from $309.00 to $276.00 and set an “equal weight” rating for the company in a research note on Monday, May 12th. BMO Capital Markets reduced their price objective on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a research note on Friday, March 28th. Stifel Nicolaus reduced their price objective on Lululemon Athletica from $424.00 to $353.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group cut their price target on Lululemon Athletica from $363.00 to $302.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley cut their price target on Lululemon Athletica from $373.00 to $346.00 and set an “overweight” rating for the company in a research note on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $367.10.

Lululemon Athletica Stock Up 3.7%

NASDAQ:LULU opened at $334.91 on Tuesday. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $423.32. The firm has a market capitalization of $40.40 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The stock has a fifty day simple moving average of $284.42 and a 200 day simple moving average of $338.00.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the company posted $5.29 EPS. Lululemon Athletica’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts predict that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Trading of Lululemon Athletica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TCTC Holdings LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $26,000. Anderson Financial Strategies LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $30,000. Kestra Investment Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $32,000. Finally, Asset Planning Inc acquired a new stake in Lululemon Athletica in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 85.20% 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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.