Needham & Company LLC Issues Pessimistic Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its target price dropped by analysts at Needham & Company LLC from $475.00 to $430.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Needham & Company LLC’s price target suggests a potential upside of 25.90% from the company’s current price.

A number of other brokerages also recently weighed in on LULU. Robert W. Baird lifted their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company boosted their price objective on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft raised their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Citigroup dropped their price target on Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average target price of $395.55.

Lululemon Athletica Trading Up 1.1 %

Shares of LULU opened at $341.53 on Wednesday. The stock’s 50-day moving average price is $366.25 and its two-hundred day moving average price is $338.67. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The company has a market capitalization of $41.59 billion, a PE ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fairtree Asset Management Pty Ltd bought a new stake in shares of Lululemon Athletica in the 4th quarter worth approximately $497,000. 111 Capital bought a new stake in shares of Lululemon Athletica in the fourth quarter valued at $3,362,000. NorthCrest Asset Manangement LLC lifted its position in shares of Lululemon Athletica by 6.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer’s stock valued at $458,000 after buying an additional 71 shares during the last quarter. PKO Investment Management Joint Stock Co bought a new position in shares of Lululemon Athletica during the 4th quarter worth $1,912,000. Finally, Wealthedge Investment Advisors LLC purchased a new stake in Lululemon Athletica in the 4th quarter worth about $1,257,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

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.