Deutsche Bank Aktiengesellschaft Trims Lululemon Athletica (NASDAQ:LULU) Target Price to $453.00

Lululemon Athletica (NASDAQ:LULU) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $484.00 to $453.00 in a report issued on Tuesday morning, The Fly reports.

Several other equities analysts have also issued reports on LULU. Truist Financial assumed coverage on Lululemon Athletica in a research note on Thursday, December 16th. They set a hold rating and a $435.00 target price on the stock. BTIG Research increased their target price on Lululemon Athletica from $473.00 to $490.00 and gave the stock a buy rating in a research note on Friday, December 10th. UBS Group reissued a hold rating and set a $429.00 target price on shares of Lululemon Athletica in a research note on Friday, December 3rd. Argus increased their target price on Lululemon Athletica from $500.00 to $530.00 and gave the stock a buy rating in a research note on Wednesday, December 1st. Finally, Telsey Advisory Group decreased their target price on Lululemon Athletica from $515.00 to $470.00 and set an outperform rating on the stock in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lululemon Athletica presently has a consensus rating of Buy and an average target price of $448.96.

Shares of Lululemon Athletica stock opened at $328.98 on Tuesday. Lululemon Athletica has a 52 week low of $269.28 and a 52 week high of $485.83. The business’s fifty day simple moving average is $415.38 and its 200-day simple moving average is $408.65. The firm has a market cap of $42.54 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in LULU. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Lululemon Athletica by 6.7% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 72,706 shares of the apparel retailer’s stock valued at $11,914,000 after acquiring an additional 4,589 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Lululemon Athletica by 12.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,916 shares of the apparel retailer’s stock worth $8,364,000 after buying an additional 2,625 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in Lululemon Athletica by 16.7% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 846 shares of the apparel retailer’s stock worth $309,000 after buying an additional 121 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in Lululemon Athletica by 284.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 9,078 shares of the apparel retailer’s stock worth $3,312,000 after buying an additional 6,716 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Lululemon Athletica by 31.1% during the 2nd quarter. Van ECK Associates Corp now owns 27,257 shares of the apparel retailer’s stock worth $9,948,000 after buying an additional 6,470 shares during the last quarter. Institutional investors and hedge funds own 81.56% of the company’s stock.

Lululemon Athletica Company Profile

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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