TD Securities Issues Positive Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its price target raised by TD Securities from $370.00 to $373.00 in a report released on Tuesday,BayStreet.CA reports. TD Securities currently has a buy rating on the apparel retailer’s stock.

A number of other research analysts also recently commented on the stock. BMO Capital Markets cut their target price on shares of Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating on the stock in a research report on Friday, March 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $385.00 price objective on shares of Lululemon Athletica in a research report on Monday. Barclays cut their price objective on shares of Lululemon Athletica from $309.00 to $276.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Oppenheimer lifted their price objective on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $367.10.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $334.91 on Tuesday. The company 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 company’s 50-day simple moving average is $284.42 and its two-hundred day simple moving average is $338.00. Lululemon Athletica has a one year low of $226.01 and a one year high of $423.32.

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

Institutional Trading of Lululemon Athletica

Institutional investors and hedge funds have recently bought and sold shares of the business. Beacon Capital Management LLC lifted its stake in shares of Lululemon Athletica by 6.9% in the 4th quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock valued at $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. raised its position in Lululemon Athletica by 0.7% during the fourth quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock worth $1,353,000 after acquiring an additional 25 shares during the period. Dnca Finance raised its position in Lululemon Athletica by 15.1% during the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock worth $76,000 after acquiring an additional 26 shares during the period. Capital Advisors Ltd. LLC raised its position in Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after acquiring an additional 28 shares during the period. Finally, LGT Fund Management Co Ltd. raised its position in Lululemon Athletica by 3.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 930 shares of the apparel retailer’s stock worth $356,000 after acquiring an additional 30 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.