Lululemon Athletica (NASDAQ:LULU) was given a new price target of $261.00 at Barclays

Lululemon Athletica (NASDAQ:LULU – Get a Free Report) had its price objective lowered by equities researchers at Barclays from $263.00 to $261.00 in a research note issued on Friday, MarketBeat reports. The firm currently has an “equal weight” rating on the apparel retailer’s stock. Barclays’ target price would indicate a potential upside of 0.59% from the company’s current price.

A number of other equities analysts have also recently commented on LULU. Jefferies Financial Group reissued an “underperform” rating and set a $220.00 target price on shares of Lululemon Athletica in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $357.00 target price on shares of Lululemon Athletica in a report on Thursday, June 13th. Wedbush lowered their price objective on Lululemon Athletica from $400.00 to $324.00 and set an “outperform” rating on the stock in a research report on Wednesday. BTIG Research started coverage on Lululemon Athletica in a research report on Wednesday, May 8th. They set a “buy” rating and a $425.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on Lululemon Athletica from $404.00 to $329.00 and set an “overweight” rating on the stock in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-one have given a buy rating to the company. Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.84, based on data from MarketBeat.

Get the latest stock report on Lululemon Athletica

Lululemon Athletica Price Performance

Shares of NASDAQ LULU opened at $259.47 on Friday. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The stock has a market cap of $32.43 billion, a PE ratio of 20.81, a P/E/G ratio of 1.25 and a beta of 1.26. The company has a fifty day moving average price of $271.56 and a two hundred day moving average price of $339.84.

Lululemon Athletica (NASDAQ:LULU – Get Your Free Report ) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Lululemon Athletica had a return on equity of 42.64% and a net margin of 16.09%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.41 billion. In the same quarter last year, the firm earned $2.68 EPS. Lululemon Athletica’s revenue rose 9.1% year-over-year. On average, equities analysts expect that Lululemon Athletica will post 14.22 EPS for the current year.

Lululemon Athletica declared that its board has authorized a stock buyback program on Wednesday, June 5th that permits the company to repurchase $1.00 billion in outstanding shares. This buyback authorization allows the apparel retailer to buy back up to 2.5% of its shares through open market purchases. Stock buyback programs are generally an indication that a company’s board of directors believes its stock is undervalued.

Institutional inputs and outputs

A number of institutional investors have recently added to or reduced their stakes in the company. Choreo LLC boosted its stake in Lululemon Athletica by 24.5% in the fourth quarter. Choreo LLC now owns 803 shares of the apparel retailer’s stock worth $411,000 after purchasing an additional 158 shares in the last quarter. Brighton Jones LLC boosted its stake in Lululemon Athletica by 13.5% in the fourth quarter. Brighton Jones LLC now owns 731 shares of the apparel retailer’s stock worth $374,000 after acquiring an additional 87 shares in the last quarter. Savant Capital LLC boosted its stake in Lululemon Athletica by 18.1% in the fourth quarter. Savant Capital LLC now owns 888 shares of the apparel retailer’s stock worth $454,000 after purchasing an additional 136 shares during the last quarter. New York Life Investment Management LLC boosted its stake in Lululemon Athletica by 965.1% in the fourth quarter. New York Life Investment Management LLC now owns 17,905 shares of the apparel retailer’s stock worth $9,155,000 after buying an additional 16,224 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its stake in Lululemon Athletica by 46.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 3,670 shares of the apparel retailer’s stock worth $1,876,000 after buying an additional 1,166 shares in the last quarter. 85.20% of shares are owned by institutional investors and hedge funds.

About Lululemon Athletica

(Get a free report)

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes and markets athletic apparel, footwear and accessories under the lululemon brand for women and men. It offers pants, shorts, tops and jackets for a healthy lifestyle such as yoga, running, training and other activities. They also offer fitness-inspired accessories.

Further reading

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