BMO Capital Markets Issues Pessimistic Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its price target lowered by BMO Capital Markets from $313.00 to $302.00 in a report issued on Friday, Marketbeat Ratings reports. BMO Capital Markets currently has a market perform rating on the apparel retailer’s stock.

A number of other research firms have also weighed in on LULU. Jefferies Financial Group restated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. TD Cowen boosted their price objective on shares of Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. KeyCorp cut their target price on Lululemon Athletica from $420.00 to $400.00 and set an “overweight” rating on the stock in a research note on Friday. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Finally, Stifel Nicolaus reduced their price objective on Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $380.72.

Lululemon Athletica Stock Performance

Shares of LULU opened at $293.06 on Friday. The firm’s 50-day simple moving average is $364.63 and its two-hundred day simple moving average is $338.98. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The stock has a market cap of $35.69 billion, a PE ratio of 21.16, a price-to-earnings-growth 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 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 company 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 earned $5.29 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts predict that Lululemon Athletica will post 14.36 EPS for the current year.

Hedge Funds Weigh In On Lululemon Athletica

Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock valued at $1,854,160,000 after purchasing an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. bought a new stake in Lululemon Athletica during the fourth quarter valued at about $523,520,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Lululemon Athletica in the fourth quarter valued at about $370,062,000. Alliancebernstein L.P. boosted its stake in shares of Lululemon Athletica by 14.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock worth $1,681,682,000 after acquiring an additional 571,657 shares during the period. Finally, Capital World Investors grew its position in shares of Lululemon Athletica by 34.6% during the fourth quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer’s stock worth $827,338,000 after purchasing an additional 556,406 shares in the last quarter. 85.20% of the stock is currently owned by 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.