lululemon athletica (NASDAQ:LULU) Given New $161.00 Price Target at Barclays

lululemon athletica (NASDAQ:LULUGet Free Report) had its price objective lowered by equities researchers at Barclays from $203.00 to $161.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the apparel retailer’s stock. Barclays‘s target price points to a potential upside of 1.09% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a $210.00 price objective on shares of lululemon athletica in a report on Tuesday, December 30th. BTIG Research reduced their price target on shares of lululemon athletica from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday. BNP Paribas Exane decreased their price target on shares of lululemon athletica from $230.00 to $206.00 and set a “neutral” rating on the stock in a research note on Friday, January 23rd. Weiss Ratings upgraded shares of lululemon athletica from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. Finally, Evercore upped their price objective on shares of lululemon athletica from $180.00 to $215.00 in a research note on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $218.64.

Check Out Our Latest Report on lululemon athletica

lululemon athletica Stock Down 0.4%

LULU opened at $159.27 on Wednesday. The stock has a market cap of $18.68 billion, a PE ratio of 11.04, a P/E/G ratio of 10.13 and a beta of 1.00. lululemon athletica has a 52 week low of $156.64 and a 52 week high of $348.50. The business’s fifty day simple moving average is $182.00 and its 200 day simple moving average is $181.61.

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

Institutional Trading of lululemon athletica

Institutional investors have recently made changes to their positions in the stock. Hussman Strategic Advisors Inc. boosted its position in lululemon athletica by 66.7% during the 3rd quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock valued at $3,737,000 after buying an additional 8,400 shares during the period. Pacer Advisors Inc. grew its holdings in lululemon athletica by 2,598.9% in the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock worth $84,687,000 after acquiring an additional 458,322 shares during the last quarter. Pacific Heights Asset Management LLC increased its position in shares of lululemon athletica by 44.4% in the third quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the apparel retailer’s stock valued at $11,565,000 after acquiring an additional 20,000 shares during the period. WINTON GROUP Ltd purchased a new position in shares of lululemon athletica in the second quarter valued at about $3,276,000. Finally, Mediolanum International Funds Ltd increased its holdings in lululemon athletica by 72.8% during the 3rd quarter. Mediolanum International Funds Ltd now owns 54,318 shares of the apparel retailer’s stock valued at $9,729,000 after purchasing an additional 22,891 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Key Stories Impacting lululemon athletica

Here are the key news stories impacting lululemon athletica this week:

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.

Featured Stories

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

Receive News & Ratings for lululemon athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica and related companies with MarketBeat.com's FREE daily email newsletter.