lululemon athletica (NASDAQ:LULU) Price Target Lowered to $190.00 at Robert W. Baird

lululemon athletica (NASDAQ:LULUGet Free Report) had its price objective cut by stock analysts at Robert W. Baird from $210.00 to $190.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Robert W. Baird’s target price indicates a potential upside of 19.29% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. UBS Group decreased their target price on shares of lululemon athletica from $206.00 to $189.00 and set a “neutral” rating on the stock in a research report on Monday, March 9th. Bank of America dropped their price target on lululemon athletica from $220.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Barclays boosted their target price on lululemon athletica from $180.00 to $189.00 and gave the stock an “equal weight” rating in a report on Friday, December 12th. Raymond James Financial reiterated a “strong-buy” rating on shares of lululemon athletica in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group decreased their price target on shares of lululemon athletica from $200.00 to $184.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $218.64.

Read Our Latest Research Report on LULU

lululemon athletica Trading Down 0.4%

Shares of LULU stock opened at $159.27 on Wednesday. lululemon athletica has a twelve month low of $156.64 and a twelve month high of $348.50. The company has a market capitalization of $18.68 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 10.13 and a beta of 1.00. The firm has a 50-day moving average price of $182.00 and a 200 day moving average price of $181.61.

lululemon athletica (NASDAQ:LULUGet Free Report) last announced its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.23. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. lululemon athletica had a net margin of 15.72% and a return on equity of 39.78%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.14 earnings per share. As a group, research analysts predict that lululemon athletica will post 14.36 earnings per share for the current year.

Hedge Funds Weigh In On lululemon athletica

A number of institutional investors have recently made changes to their positions in the business. Brighton Jones LLC bought a new position in lululemon athletica during the 4th quarter valued at $429,000. NewEdge Advisors LLC grew its stake in lululemon athletica by 5.1% in the first quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer’s stock worth $1,089,000 after purchasing an additional 186 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in lululemon athletica by 6.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 81,406 shares of the apparel retailer’s stock worth $19,340,000 after purchasing an additional 4,931 shares in the last quarter. Traub Capital Management LLC acquired a new stake in lululemon athletica during the second quarter valued at approximately $61,000. Finally, Ensign Peak Advisors Inc lifted its holdings in lululemon athletica by 12.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 34,774 shares of the apparel retailer’s stock worth $8,262,000 after buying an additional 3,978 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting lululemon athletica

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About lululemon athletica

(Get Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

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