Stifel Nicolaus Has Lowered Expectations for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its price objective lowered by Stifel Nicolaus from $424.00 to $353.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the apparel retailer’s stock. Stifel Nicolaus’ price target suggests a potential upside of 35.23% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. UBS Group dropped their target price on shares of Lululemon Athletica from $376.00 to $335.00 and set a “neutral” rating for the company in a report on Friday, March 28th. Needham & Company LLC lowered their price target on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, March 26th. Cfra Research raised Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and upped their target price for the company from $360.00 to $460.00 in a report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price target on Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $371.79.

Lululemon Athletica Price Performance

LULU opened at $261.03 on Thursday. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The stock has a market capitalization of $31.49 billion, a P/E ratio of 18.85, a P/E/G ratio of 2.22 and a beta of 1.31. The business has a 50 day simple moving average of $332.40 and a 200-day simple moving average of $339.26.

Lululemon Athletica (NASDAQ:LULU) last released 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 company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the company earned $5.29 earnings per share. Lululemon Athletica’s quarterly revenue was up 12.3% compared to the same quarter last year. Research analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current year.

Hedge Funds Weigh In On Lululemon Athletica

Several large investors have recently added to or reduced their stakes in the business. TCTC Holdings LLC purchased a new stake in Lululemon Athletica in the 4th quarter valued at about $26,000. Anderson Financial Strategies LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $30,000. Kestra Investment Management LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter worth approximately $32,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Lululemon Athletica in the fourth quarter valued at approximately $32,000. Finally, Asset Planning Inc acquired a new position in Lululemon Athletica during the fourth quarter worth approximately $33,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

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.