Lululemon Athletica (NASDAQ:LULU) Price Target Lowered to $391.00 at JPMorgan Chase & Co.

Lululemon Athletica (NASDAQ:LULU) had its target price decreased by JPMorgan Chase & Co. from $437.00 to $391.00 in a report released on Friday morning, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the apparel retailer’s stock.

A number of other brokerages have also weighed in on LULU. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Evercore ISI boosted their price target on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. TD Cowen raised their price objective on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. Raymond James reissued an “outperform” rating and issued a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Stock Down 14.2 %

LULU opened at $293.06 on Friday. The business’s fifty day simple moving average is $364.63 and its 200 day simple moving average is $338.98. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $423.32. The stock has a market cap of $35.69 billion, a PE ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The firm 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 company’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $5.29 EPS. As a group, equities analysts anticipate that Lululemon Athletica will post 14.36 earnings per share for the current year.

Hedge Funds Weigh In On Lululemon Athletica

A number of institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings 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 buying an additional 2,371,079 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in Lululemon Athletica during the fourth quarter worth about $523,520,000. Diamond Hill Capital Management Inc. purchased a new stake in Lululemon Athletica in the fourth quarter worth about $370,062,000. Alliancebernstein L.P. increased its stake in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after purchasing an additional 571,657 shares in the last quarter. Finally, Capital World Investors lifted its holdings 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 valued at $827,338,000 after purchasing an additional 556,406 shares during the last quarter. Institutional investors own 85.20% of the company’s stock.

About Lululemon Athletica

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.