Barclays Cuts Lululemon Athletica (NASDAQ:LULU) Price Target to $309.00

Lululemon Athletica (NASDAQ:LULU) had its price objective reduced by equities research analysts at Barclays from $411.00 to $309.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the apparel retailer’s stock. Barclays‘s price objective suggests a potential upside of 5.44% from the stock’s current price.

Several other equities analysts also recently issued reports on LULU. Telsey Advisory Group reduced their price objective on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Robert W. Baird upped their price objective on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Guggenheim raised their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, TD Securities upped their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $380.72.

Lululemon Athletica Price Performance

Shares of LULU opened at $293.06 on Friday. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a fifty day moving average price of $364.63 and a 200 day moving average price of $339.62. The company has a market cap 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 released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.29 earnings per share. As a group, research analysts anticipate that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LULU. Investment Partners Asset Management Inc. purchased a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $275,000. Rockefeller Capital Management L.P. lifted its position in Lululemon Athletica by 50.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 103,424 shares of the apparel retailer’s stock worth $28,070,000 after buying an additional 34,704 shares in the last quarter. Lebenthal Global Advisors LLC boosted its stake in shares of Lululemon Athletica by 138.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 2,698 shares of the apparel retailer’s stock valued at $1,032,000 after buying an additional 1,565 shares during the period. Montag A & Associates Inc. grew its holdings in shares of Lululemon Athletica by 495.1% during the 4th quarter. Montag A & Associates Inc. now owns 4,255 shares of the apparel retailer’s stock valued at $1,627,000 after acquiring an additional 3,540 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of Lululemon Athletica in the fourth quarter worth $17,775,000. 85.20% of the stock is 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.