UBS Group Lowers Lululemon Athletica (NASDAQ:LULU) Price Target to $335.00

Lululemon Athletica (NASDAQ:LULU) had its price target decreased by UBS Group from $376.00 to $335.00 in a research report report published on Friday,Benzinga reports. UBS Group currently has a neutral rating on the apparel retailer’s stock.

Other analysts have also recently issued reports about the stock. KeyCorp lifted their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Citigroup dropped their price objective on Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Piper Sandler reduced their target price on Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating on the stock in a report on Friday. Telsey Advisory Group dropped their price target on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research note on Friday. Finally, TD Securities raised their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $380.72.

Lululemon Athletica Price Performance

LULU opened at $293.06 on Friday. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $423.32. The stock has a market cap of $35.69 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21. The stock’s 50 day simple moving average is $364.63 and its 200 day simple moving average is $340.22.

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 the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $5.29 EPS. Research analysts expect that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Lululemon Athletica

Large investors have recently made changes to their positions in the business. Qsemble Capital Management LP acquired a new stake in Lululemon Athletica during the third quarter valued at approximately $210,000. D.A. Davidson & CO. increased its holdings in shares of Lululemon Athletica by 13.1% in the third 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 position in shares of Lululemon Athletica by 47.9% during the 3rd quarter. Townsquare Capital LLC now owns 2,205 shares of the apparel retailer’s stock valued at $598,000 after acquiring an additional 714 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Lululemon Athletica by 18.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,614 shares of the apparel retailer’s stock worth $438,000 after acquiring an additional 256 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of Lululemon Athletica in the 3rd 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.