Citigroup Reiterates $330.00 Price Target for Lululemon Athletica (NASDAQ:LULU)

Lululemon Athletica (NASDAQ:LULU) has been given a $330.00 price objective by equities researchers at Citigroup in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “negative” rating on the apparel retailer’s stock. Citigroup’s price objective would indicate a potential upside of 13.48% from the stock’s current price.

A number of other research firms have also recently commented on LULU. TD Securities lifted their target price on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. UBS Group reduced their price objective on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a report on Friday. BMO Capital Markets decreased their target price on Lululemon Athletica from $313.00 to $302.00 and set a “market perform” rating for the company in a research report on Friday. Evercore ISI upped their price objective on shares of Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, Morgan Stanley reduced their target price on shares of Lululemon Athletica from $411.00 to $373.00 and set an “overweight” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $380.72.

Lululemon Athletica Price Performance

LULU stock traded down $50.73 during midday trading on Friday, reaching $290.80. The company had a trading volume of 9,836,341 shares, compared to its average volume of 2,131,841. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $423.32. The company has a market capitalization of $35.41 billion, a P/E ratio of 21.02, a P/E/G ratio of 2.22 and a beta of 1.21. The firm has a 50-day moving average price of $366.25 and a 200-day moving average price of $338.67.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS 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 firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the company earned $5.29 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities analysts predict that Lululemon Athletica will post 14.36 EPS for the current year.

Hedge Funds Weigh In On Lululemon Athletica

Hedge funds and other institutional investors have recently bought and sold shares of the business. Qsemble Capital Management LP acquired a new position in Lululemon Athletica in the 3rd quarter valued at $210,000. D.A. Davidson & CO. increased its position in Lululemon Athletica by 13.1% in the 3rd quarter. D.A. Davidson & CO. now owns 3,074 shares of the apparel retailer’s stock valued at $834,000 after buying an additional 356 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of Lululemon Athletica by 47.9% in the third quarter. Townsquare Capital LLC now owns 2,205 shares of the apparel retailer’s stock valued at $598,000 after buying an additional 714 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Lululemon Athletica by 18.9% in the third quarter. Glenmede Trust Co. NA now owns 1,614 shares of the apparel retailer’s stock valued at $438,000 after purchasing an additional 256 shares in the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in Lululemon Athletica during the third quarter worth $274,000. 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.