Lululemon Price Target Cut to $78.00 by Analysts at KeyBanc (LULU)
Investment analysts at KeyBanc dropped their target price on shares of Lululemon (NASDAQ: LULU) from $82.00 to $78.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock.
Shares of Lululemon (NASDAQ: LULU) traded down 2.76% during mid-day trading on Tuesday, hitting $64.08. Lululemon has a one year low of $52.20 and a one year high of $81.09. The stock’s 50-day moving average is currently $68.08. The company has a market cap of $9.237 billion and a P/E ratio of 40.68.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Lululemon from $91.00 to $87.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at UBS AG cut their EPS estimates on shares of Lululemon in a research note on Tuesday. They now have a “buy” rating and a $77.00 price target on the stock. They previously had a $82.00 price target on the stock. Finally, analysts at Bank of America reiterated an “underperform” rating on shares of Lululemon in a research note to investors on Tuesday. They now have a $60.00 price target on the stock, down previously from $63.00.
Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $78.50.
Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.
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