Telsey Advisory Group Issues Pessimistic Forecast for lululemon athletica (NASDAQ:LULU) Stock Price

lululemon athletica (NASDAQ:LULUGet Free Report) had its target price dropped by research analysts at Telsey Advisory Group from $215.00 to $175.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s price target would indicate a potential upside of 9.88% from the stock’s current price.

Other analysts have also issued research reports about the company. Weiss Ratings raised lululemon athletica from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, February 5th. Jefferies Financial Group reduced their price objective on shares of lululemon athletica from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Friday, January 30th. Daiwa Securities Group lifted their target price on shares of lululemon athletica from $174.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, December 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $210.00 target price on shares of lululemon athletica in a report on Tuesday, December 30th. Finally, Evercore increased their price target on lululemon athletica from $180.00 to $215.00 in a research note on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, thirty have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $221.15.

Check Out Our Latest Research Report on LULU

lululemon athletica Stock Performance

Shares of NASDAQ:LULU opened at $159.27 on Wednesday. lululemon athletica has a 52-week low of $156.64 and a 52-week high of $348.50. The stock 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 stock’s 50-day simple moving average is $182.00 and its two-hundred day simple moving average is $181.61.

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

Institutional Trading of lululemon athletica

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of lululemon athletica during the fourth quarter valued at about $362,598,000. Boston Partners purchased a new stake in shares of lululemon athletica in the fourth quarter worth about $304,875,000. Vanguard Group Inc. lifted its position in shares of lululemon athletica by 3.9% in the third quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock worth $2,452,394,000 after buying an additional 521,915 shares in the last quarter. Invesco Ltd. boosted its stake in lululemon athletica by 28.7% during the third quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after buying an additional 490,127 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in lululemon athletica by 2,598.9% during the third quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer’s stock valued at $84,687,000 after buying an additional 458,322 shares during the last quarter. 85.20% of the stock is currently owned by institutional investors.

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lululemon athletica Company Profile

(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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