Lululemon Athletica (NASDAQ:LULU) Price Target Cut to $380.00 by Analysts at Truist Financial

Lululemon Athletica (NASDAQ:LULU) had its price target lowered by Truist Financial from $460.00 to $380.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the apparel retailer’s stock.

A number of other research analysts also recently issued reports on the company. Evercore ISI boosted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 28th. Stifel Nicolaus dropped their price target on shares of Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating for the company in a research report on Friday. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Bank of America dropped their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating for the company in a report on Friday. Finally, Robert W. Baird lifted their target price on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Stock Down 14.2 %

NASDAQ LULU opened at $293.06 on Friday. The company has a 50-day moving average price of $364.63 and a 200-day moving average price of $338.98. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $423.32. The firm has a market capitalization of $35.69 billion, a P/E ratio of 21.16, a PEG ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results 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 analysts’ expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. Lululemon Athletica’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the firm earned $5.29 EPS. As a group, equities research analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. TCTC Holdings LLC bought a new stake in shares of Lululemon Athletica during the 4th quarter worth approximately $26,000. Anderson Financial Strategies LLC purchased a new stake in Lululemon Athletica in the fourth quarter worth $30,000. Kestra Investment Management LLC bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter valued at $32,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Lululemon Athletica by 309.5% in the fourth quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors 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.