Lululemon Athletica Inc. (NASDAQ:LULU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Lululemon Athletica Inc. (NASDAQ:LULU) has been given an average rating of “Moderate Buy” by the thirty-one research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $371.72.

LULU has been the topic of several recent research reports. Citigroup set a $330.00 price target on Lululemon Athletica and gave the company a “negative” rating in a report on Friday, March 28th. BTIG Research dropped their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Morgan Stanley reduced their price objective 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, March 28th. Barclays dropped their target price on Lululemon Athletica from $411.00 to $309.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Finally, Oppenheimer increased their price target on Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, February 7th.

Institutional Trading of Lululemon Athletica

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its holdings in shares of Lululemon Athletica by 6.9% during the fourth quarter. Beacon Capital Management LLC now owns 372 shares of the apparel retailer’s stock worth $142,000 after purchasing an additional 24 shares during the period. Edgestream Partners L.P. lifted its stake in Lululemon Athletica by 0.7% during the 4th quarter. Edgestream Partners L.P. now owns 3,539 shares of the apparel retailer’s stock valued at $1,353,000 after acquiring an additional 25 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 2.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,018 shares of the apparel retailer’s stock valued at $389,000 after acquiring an additional 26 shares during the last quarter. Dnca Finance increased its stake in shares of Lululemon Athletica by 15.1% in the fourth quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock worth $76,000 after acquiring an additional 26 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Lululemon Athletica by 9.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 325 shares of the apparel retailer’s stock worth $124,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Lululemon Athletica Stock Down 1.6 %

Lululemon Athletica stock opened at $255.64 on Friday. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32. The firm’s fifty day moving average is $326.21 and its 200 day moving average is $339.03. The company has a market cap of $30.84 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly 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 net margin of 17.05% and a return on equity of 42.16%. The firm 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 firm earned $5.29 EPS. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Lululemon Athletica will post 14.36 earnings per share for the current fiscal year.

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.