Lululemon Athletica (NASDAQ:LULU) Given New $430.00 Price Target at Needham & Company LLC

Lululemon Athletica (NASDAQ:LULU) had its price target lowered by Needham & Company LLC from $475.00 to $430.00 in a report released on Wednesday, MarketBeat reports. The brokerage currently has a buy rating on the apparel retailer’s stock.

A number of other research firms also recently weighed in on LULU. Telsey Advisory Group reissued an “outperform” rating and set a $445.00 target price on shares of Lululemon Athletica in a report on Thursday, March 20th. Oppenheimer increased their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Truist Financial lifted their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, January 10th. TD Securities raised their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Citigroup decreased their price objective on shares of Lululemon Athletica from $380.00 to $330.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.72.

Lululemon Athletica Price Performance

Lululemon Athletica stock opened at $293.06 on Wednesday. The company’s 50-day moving average is $364.63 and its 200-day moving average is $338.98. The firm has a market capitalization of $35.69 billion, a PE ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data 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. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $5.29 earnings per share. As a group, analysts expect that Lululemon Athletica will post 14.36 EPS for the current year.

Institutional Investors Weigh In On Lululemon Athletica

Several large investors have recently added to or reduced their stakes in LULU. Fairtree Asset Management Pty Ltd bought a new stake in shares of Lululemon Athletica during the 4th quarter valued at $497,000. 111 Capital bought a new position in shares of Lululemon Athletica in the fourth quarter valued at approximately $3,362,000. NorthCrest Asset Manangement LLC lifted its stake in Lululemon Athletica by 6.3% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer’s stock worth $458,000 after purchasing an additional 71 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new position in Lululemon Athletica in the 4th quarter valued at $1,912,000. Finally, Wealthedge Investment Advisors LLC purchased a new position in shares of Lululemon Athletica during the 4th quarter valued at $1,257,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

About Lululemon Athletica

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.