Lululemon Athletica (NASDAQ:LULU) Price Target Lowered to $386.00 at Truist

Lululemon Athletica (NASDAQ:LULU) had its target price lowered by Truist from $435.00 to $386.00 in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other analysts have also recently weighed in on LULU. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lululemon Athletica from $484.00 to $453.00 in a research note on Tuesday. UBS Group reiterated a hold rating and set a $429.00 price target on shares of Lululemon Athletica in a research note on Friday, December 3rd. Morgan Stanley decreased their price target on shares of Lululemon Athletica from $404.00 to $300.00 and set an equal weight rating for the company in a research note on Tuesday. Citigroup decreased their price target on shares of Lululemon Athletica from $435.00 to $400.00 in a research note on Tuesday. Finally, Piper Sandler increased their price target on shares of Lululemon Athletica from $481.00 to $487.00 and gave the stock an overweight rating in a research note on Friday, December 10th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $448.96.

NASDAQ LULU opened at $328.98 on Tuesday. The firm’s fifty day moving average price is $415.38 and its 200 day moving average price is $408.65. The company has a market capitalization of $42.53 billion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 2.38 and a beta of 1.26. Lululemon Athletica has a 12 month low of $269.28 and a 12 month high of $485.83.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 9th. The apparel retailer reported $1.62 EPS for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.21. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.44 billion. Lululemon Athletica had a net margin of 14.86% and a return on equity of 34.83%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS. As a group, equities analysts expect that Lululemon Athletica will post 7.71 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in LULU. Lord Abbett & CO. LLC lifted its stake in shares of Lululemon Athletica by 2,475.7% in the third quarter. Lord Abbett & CO. LLC now owns 632,032 shares of the apparel retailer’s stock valued at $255,784,000 after purchasing an additional 607,494 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Lululemon Athletica by 6.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,628,764 shares of the apparel retailer’s stock valued at $3,149,240,000 after purchasing an additional 540,785 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of Lululemon Athletica by 73.0% in the second quarter. Artisan Partners Limited Partnership now owns 1,143,678 shares of the apparel retailer’s stock valued at $417,408,000 after purchasing an additional 482,605 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new position in Lululemon Athletica during the 2nd quarter valued at about $127,445,000. Finally, Macquarie Group Ltd. increased its holdings in Lululemon Athletica by 398.0% during the 2nd quarter. Macquarie Group Ltd. now owns 427,814 shares of the apparel retailer’s stock valued at $156,140,000 after acquiring an additional 341,906 shares in the last quarter. Hedge funds and other institutional investors own 81.56% of the company’s stock.

About Lululemon Athletica

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

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