Lululemon Athletica (NASDAQ:LULU) Downgraded by Sanford C. Bernstein to “Underperform”

Sanford C. Bernstein lowered shares of Lululemon Athletica (NASDAQ:LULU – Get Rating) from a market perform rating to an underperform rating in a research report sent to investors on Tuesday, MarketBeat reports. They currently have $290.00 price target on the apparel retailer’s stock, down from their prior price target of $340.00.

A number of other brokerages also recently issued reports on LULU. Argus decreased their price objective on Lululemon Athletica from $415.00 to $350.00 and set a buy rating on the stock in a research report on Wednesday, January 11th. Cowen upped their price objective on Lululemon Athletica from $535.00 to $542.00 and gave the company an outperform rating in a research report on Monday, December 5th. Guggenheim decreased their price objective on Lululemon Athletica from $475.00 to $400.00 in a research report on Tuesday, January 10th. Barclays decreased their price objective on Lululemon Athletica from $445.00 to $394.00 and set an overweight rating on the stock in a research report on Friday, January 13th. Finally, Raymond James upped their price objective on Lululemon Athletica from $345.00 to $438.00 and gave the company a strong-buy rating in a research report on Tuesday, December 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $404.11.

Lululemon Athletica Trading Down 1.5 %

NASDAQ:LULU opened at $311.21 on Tuesday. The company has a market capitalization of $39.68 billion, a P/E ratio of 34.20, a P/E/G ratio of 1.58 and a beta of 1.35. Lululemon Athletica has a 12 month low of $251.51 and a 12 month high of $410.70. The business’s 50-day moving average is $333.85 and its 200 day moving average is $320.51.

Lululemon Athletica (NASDAQ:LULU – Get Rating) last posted its earnings results on Thursday, December 8th. The apparel retailer reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.04. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. Lululemon Athletica had a return on equity of 41.13% and a net margin of 15.66%. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.62 earnings per share. On average, research analysts forecast that Lululemon Athletica will post 9.91 earnings per share for the current year.

Institutional Investors Weigh In On Lululemon Athletica

A number of institutional investors have recently modified their holdings of the business. Sigma Planning Corp grew its position in shares of Lululemon Athletica by 5.8% during the 4th quarter. Sigma Planning Corp now owns 2,510 shares of the apparel retailer’s stock valued at $804,000 after acquiring an additional 137 shares during the period. Schear Investment Advisers LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth about $354,000. Xponance Inc. boosted its holdings in Lululemon Athletica by 14.6% in the 4th quarter. Xponance Inc. now owns 15,266 shares of the apparel retailer’s stock worth $4,891,000 after buying an additional 1,944 shares during the last quarter. Shulman DeMeo Asset Management LLC acquired a new stake in Lululemon Athletica in the 4th quarter worth about $209,000. Finally, Jackson Square Capital LLC boosted its holdings in Lululemon Athletica by 1.2% in the 4th quarter. Jackson Square Capital LLC now owns 11,333 shares of the apparel retailer’s stock worth $3,631,000 after buying an additional 139 shares during the last quarter. 82.04% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica Company Profile

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Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.