Lululemon Athletica (NASDAQ:LULU) PT Lowered to $384.00

Lululemon Athletica (NASDAQ:LULU) had its price target cut by equities research analysts at Sanford C. Bernstein from $430.00 to $384.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “market perform” rating on the apparel retailer’s stock. Sanford C. Bernstein’s price target points to a potential upside of 5.29% from the company’s current price.

Several other research analysts have also commented on the stock. Stifel Nicolaus restated a “buy” rating and issued a $539.00 price objective (down from $596.00) on shares of Lululemon Athletica in a report on Friday, March 22nd. Wells Fargo & Company decreased their price objective on shares of Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Friday, March 22nd. Barclays decreased their price objective on shares of Lululemon Athletica from $610.00 to $546.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Evercore ISI reduced their target price on shares of Lululemon Athletica from $575.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Finally, Robert W. Baird reduced their target price on shares of Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $481.96.

Lululemon Athletica Stock Up 1.3 %

NASDAQ:LULU opened at $364.70 on Friday. The company has a fifty day moving average of $410.57 and a 200 day moving average of $438.70. Lululemon Athletica has a 52 week low of $326.93 and a 52 week high of $516.39. The firm has a market capitalization of $45.96 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.27 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period in the prior year, the business posted $4.40 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. As a group, 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 acquired 700 shares of the stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now directly owns 500 shares of the company’s stock, valued at $194,645. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

Several institutional investors have recently made changes to their positions in LULU. Rockline Wealth Management LLC bought a new stake in Lululemon Athletica during the 4th quarter worth approximately $1,503,000. Envestnet Asset Management Inc. raised its stake in Lululemon Athletica by 30.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 189,953 shares of the apparel retailer’s stock worth $73,248,000 after acquiring an additional 44,141 shares during the period. Blair William & Co. IL raised its stake in Lululemon Athletica by 1.9% during the 3rd quarter. Blair William & Co. IL now owns 290,658 shares of the apparel retailer’s stock worth $112,081,000 after acquiring an additional 5,403 shares during the period. HB Wealth Management LLC raised its stake in Lululemon Athletica by 10.9% during the 4th quarter. HB Wealth Management LLC now owns 1,703 shares of the apparel retailer’s stock worth $871,000 after acquiring an additional 168 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Lululemon Athletica by 42.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,710 shares of the apparel retailer’s stock worth $1,386,000 after acquiring an additional 805 shares during the period. 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.