Lululemon Given New $75.00 Price Target at Wedbush (LULU)
Equities researchers at Wedbush cut their target price on shares of Lululemon (NASDAQ: LULU) from $85.00 to $75.00 in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock.
Shares of Lululemon (NASDAQ: LULU) traded down 2.76% during mid-day trading on Tuesday, hitting $64.08. Lululemon has a one year low of $52.20 and a one year high of $81.09. The stock’s 50-day moving average is currently $68.08. The company has a market cap of $9.237 billion and a P/E ratio of 40.68.
A number of other analysts have also recently weighed in on LULU. Analysts at KeyBanc cut their price target on shares of Lululemon from $82.00 to $78.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Lululemon from $91.00 to $87.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at UBS AG cut their EPS estimates on shares of Lululemon in a research note on Tuesday. They now have a “buy” rating and a $77.00 price target on the stock. They previously had a $82.00 price target on the stock.
Three analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $78.50.
Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.
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