Lululemon Athletica (NASDAQ:LULU) Price Target Cut to $280.00 by Analysts at Piper Sandler

Lululemon Athletica (NASDAQ:LULUGet Free Report) had its price target lowered by equities researchers at Piper Sandler from $315.00 to $280.00 in a research note issued on Friday, MarketBeat reports. The brokerage currently has a “neutral” rating on the apparel retailer’s stock. Piper Sandler’s price target indicates a potential upside of 7.27% from the company’s previous close.

A number of other analysts have also recently weighed in on LULU. Cfra Research raised shares of Lululemon Athletica from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Evercore ISI boosted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Needham & Company LLC dropped their target price on Lululemon Athletica from $475.00 to $430.00 and set a “buy” rating for the company in a research report on Wednesday, March 26th. Citigroup set a $330.00 price target on Lululemon Athletica and gave the stock a “negative” rating in a report on Friday, March 28th. Finally, Argus lowered shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.79.

Check Out Our Latest Analysis on Lululemon Athletica

Lululemon Athletica Stock Performance

Shares of LULU opened at $261.03 on Friday. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32. The firm has a market cap of $31.49 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.22 and a beta of 1.31. The business’s fifty day moving average is $332.40 and its 200-day moving average is $339.26.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last released its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the business posted $5.29 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, research analysts forecast that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LULU. Retireful LLC boosted its holdings in Lululemon Athletica by 4.4% during the 1st quarter. Retireful LLC now owns 3,988 shares of the apparel retailer’s stock worth $1,169,000 after acquiring an additional 167 shares during the last quarter. Lake Street Private Wealth LLC lifted its position in shares of Lululemon Athletica by 4.8% during the first quarter. Lake Street Private Wealth LLC now owns 1,525 shares of the apparel retailer’s stock valued at $432,000 after purchasing an additional 70 shares in the last quarter. Bremer Bank National Association boosted its holdings in Lululemon Athletica by 13.1% during the first quarter. Bremer Bank National Association now owns 16,375 shares of the apparel retailer’s stock worth $4,635,000 after purchasing an additional 1,895 shares during the last quarter. Whipplewood Advisors LLC grew its position in Lululemon Athletica by 44,390.9% in the 1st quarter. Whipplewood Advisors LLC now owns 14,682 shares of the apparel retailer’s stock worth $4,156,000 after purchasing an additional 14,649 shares in the last quarter. Finally, RFG Advisory LLC increased its stake in Lululemon Athletica by 384.9% in the 1st quarter. RFG Advisory LLC now owns 8,437 shares of the apparel retailer’s stock valued at $2,388,000 after buying an additional 6,697 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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