Lululemon Athletica Inc. (NASDAQ:LULU) Receives $373.00 Average Target Price from Analysts

Shares of Lululemon Athletica Inc. (NASDAQ:LULU) have earned a consensus recommendation of “Moderate Buy” from the thirty-one analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $371.79.

A number of brokerages have commented on LULU. Robert W. Baird reduced their target price on shares of Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Truist Financial decreased their target price on Lululemon Athletica from $380.00 to $297.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Telsey Advisory Group cut their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Bank of America decreased their price objective on Lululemon Athletica from $480.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Finally, Piper Sandler cut their price objective on Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday.

Lululemon Athletica Price Performance

NASDAQ LULU opened at $261.03 on Friday. The stock has a market capitalization of $31.49 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.22 and a beta of 1.31. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $423.32. The business’s fifty day moving average price is $332.40 and its 200-day moving average price is $339.76.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate 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 was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.29 earnings per share. Equities research analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current year.

Hedge Funds Weigh In On Lululemon Athletica

Several institutional investors have recently bought and sold shares of the business. Retireful LLC raised its position in shares of Lululemon Athletica by 4.4% during the 1st quarter. Retireful LLC now owns 3,988 shares of the apparel retailer’s stock valued at $1,169,000 after buying an additional 167 shares in the last quarter. Lake Street Private Wealth LLC raised its position in Lululemon Athletica by 4.8% during the first quarter. Lake Street Private Wealth LLC now owns 1,525 shares of the apparel retailer’s stock valued at $432,000 after purchasing an additional 70 shares during the period. Bremer Bank National Association raised its position in Lululemon Athletica by 13.1% during the first quarter. Bremer Bank National Association now owns 16,375 shares of the apparel retailer’s stock valued at $4,635,000 after purchasing an additional 1,895 shares during the period. Whipplewood Advisors LLC lifted its stake in shares of Lululemon Athletica by 44,390.9% in the 1st quarter. Whipplewood Advisors LLC now owns 14,682 shares of the apparel retailer’s stock valued at $4,156,000 after purchasing an additional 14,649 shares during the last quarter. Finally, RFG Advisory LLC boosted its holdings in shares of Lululemon Athletica by 384.9% in the 1st quarter. RFG Advisory LLC now owns 8,437 shares of the apparel retailer’s stock worth $2,388,000 after purchasing an additional 6,697 shares during the period. 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.