Stifel Nicolaus Issues Pessimistic Forecast for Lululemon Athletica (NASDAQ:LULU) Stock Price

Lululemon Athletica (NASDAQ:LULU) had its price objective dropped by research analysts at Stifel Nicolaus from $438.00 to $424.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. Stifel Nicolaus’ target price points to a potential upside of 24.15% from the stock’s previous close.

Several other brokerages also recently issued reports on LULU. Piper Sandler lowered their price objective on shares of Lululemon Athletica from $340.00 to $315.00 and set a “neutral” rating for the company in a research report on Friday. TD Cowen lifted their price target on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday, December 5th. JPMorgan Chase & Co. cut their price target on Lululemon Athletica from $437.00 to $391.00 and set an “overweight” rating on the stock in a report on Friday. BMO Capital Markets increased their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Raymond James restated a “market perform” rating on shares of Lululemon Athletica in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $390.79.

Lululemon Athletica Stock Up 1.1 %

Shares of LULU stock opened at $341.53 on Friday. The firm has a market capitalization of $41.59 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $423.32. The firm has a fifty day moving average of $366.25 and a 200-day moving average of $338.67.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping 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 company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter last year, the firm posted $5.29 earnings per share. Lululemon Athletica’s revenue was up 12.3% compared to the same quarter last year. Research analysts expect that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Trading of Lululemon Athletica

Hedge funds have recently added to or reduced their stakes in the company. TCTC Holdings LLC bought a new position in Lululemon Athletica during the 4th quarter worth $26,000. Anderson Financial Strategies LLC acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at about $30,000. Kestra Investment Management LLC acquired a new position in shares of Lululemon Athletica in the fourth quarter valued at about $32,000. Bradley & Co. Private Wealth Management LLC bought a new position in Lululemon Athletica during the fourth quarter worth about $32,000. Finally, Sound Income Strategies LLC raised its stake in Lululemon Athletica by 309.5% in the 4th quarter. Sound Income Strategies LLC now owns 86 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

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.