KeyCorp Cuts Lululemon Athletica (NASDAQ:LULU) Price Target to $400.00

Lululemon Athletica (NASDAQ:LULU) had its price objective trimmed by KeyCorp from $420.00 to $400.00 in a report published on Friday morning, MarketBeat.com reports. The firm currently has an overweight rating on the apparel retailer’s stock.

Several other analysts also recently issued reports on LULU. Guggenheim upped their price target on shares of Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. Raymond James reaffirmed a “market perform” rating and issued a $430.00 target price on shares of Lululemon Athletica in a research note on Friday. Evercore ISI raised their price target on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Oppenheimer upped their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Stifel Nicolaus decreased their price objective on Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $380.72.

Lululemon Athletica Stock Performance

Shares of LULU stock opened at $293.06 on Friday. The stock has a fifty day moving average price of $364.63 and a 200 day moving average price of $340.22. The stock has a market cap 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 1 year low of $226.01 and a 1 year high of $423.32.

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

Institutional Trading of Lululemon Athletica

Institutional investors have recently modified their holdings of the company. Fairtree Asset Management Pty Ltd acquired a new stake in Lululemon Athletica during the 4th quarter worth approximately $497,000. 111 Capital purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at $3,362,000. NorthCrest Asset Manangement LLC raised its stake in shares of Lululemon Athletica by 6.3% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer’s stock valued at $458,000 after acquiring an additional 71 shares during the period. PKO Investment Management Joint Stock Co purchased a new position in shares of Lululemon Athletica in the 4th quarter valued at $1,912,000. Finally, Wealthedge Investment Advisors LLC purchased a new stake in Lululemon Athletica during the 4th quarter worth $1,257,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Lululemon Athletica Company Profile

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.