Lululemon Athletica (NASDAQ:LULU) Price Target Cut to $405.00

Lululemon Athletica (NASDAQ:LULU) had its target price lowered by HSBC from $500.00 to $405.00 in a research note issued on Wednesday, BayStreet.CA reports. HSBC’s price objective would suggest a potential upside of 15.74% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Robert W. Baird boosted their target price on Lululemon Athletica from $520.00 to $555.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Truist Financial decreased their target price on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Morgan Stanley decreased their target price on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Citigroup decreased their price objective on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, Jefferies Financial Group decreased their price objective on Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a research report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, Lululemon Athletica has a consensus rating of “Moderate Buy” and a consensus price target of $485.39.

Lululemon Athletica Stock Down 0.1 %

Lululemon Athletica stock opened at $349.92 on Wednesday. The stock has a 50-day simple moving average of $434.53 and a 200 day simple moving average of $440.05. Lululemon Athletica has a 12-month low of $326.93 and a 12-month high of $516.39. The stock has a market capitalization of $44.09 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 1.27 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate of $5.00 by $0.29. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.40 EPS. As a group, sell-side analysts anticipate that Lululemon Athletica will post 14.15 EPS for the current year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now owns 500 shares in the company, valued at $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

A number of large investors have recently added to or reduced their stakes in the business. Valley National Advisers Inc. grew its holdings in Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. Tidemark LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at about $26,000. Scarborough Advisors LLC acquired a new stake in Lululemon Athletica in the fourth quarter valued at about $26,000. Milestone Investment Advisors LLC bought a new position in Lululemon Athletica in the third quarter valued at about $27,000. Finally, Bogart Wealth LLC raised its position in Lululemon Athletica by 270.0% in the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. 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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.