Sanford C. Bernstein Lowers Lululemon Athletica (NASDAQ:LULU) Price Target to $376.00

Lululemon Athletica (NASDAQ:LULU) had its target price cut by Sanford C. Bernstein from $384.00 to $376.00 in a report issued on Friday, MarketBeat Ratings 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 24.09% from the stock’s current price.

LULU has been the subject of a number of other reports. Oppenheimer reissued an “outperform” rating and set a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Bank of America cut their price objective on Lululemon Athletica from $530.00 to $430.00 and set a “buy” rating for the company in a report on Thursday. KeyCorp cut their price objective on Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Robert W. Baird cut their price objective on Lululemon Athletica from $555.00 to $505.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Finally, BNP Paribas cut Lululemon Athletica from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $430.00 to $415.00 in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $465.13.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $303.01 on Friday. The stock has a market cap of $38.18 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 1.35 and a beta of 1.30. Lululemon Athletica has a one year low of $295.28 and a one year high of $516.39. The stock has a fifty day moving average price of $363.48 and a 200 day moving average price of $430.77.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS 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%. Lululemon Athletica’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business earned $4.40 earnings per share. Equities research analysts anticipate that Lululemon Athletica will post 14.11 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 business’s stock in a transaction dated 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 acquisition, the director now directly owns 500 shares of the company’s stock, valued at approximately $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

Several institutional investors have recently bought and sold shares of LULU. WealthPlan Investment Management LLC bought a new stake in Lululemon Athletica in the 3rd quarter valued at approximately $1,289,000. Corient Private Wealth LLC lifted its stake in Lululemon Athletica by 9.8% in the 3rd quarter. Corient Private Wealth LLC now owns 35,960 shares of the apparel retailer’s stock valued at $13,868,000 after acquiring an additional 3,216 shares in the last quarter. NBC Securities Inc. bought a new stake in Lululemon Athletica in the 3rd quarter valued at approximately $180,000. Lincoln National Corp lifted its stake in Lululemon Athletica by 22.8% in the 3rd quarter. Lincoln National Corp now owns 1,266 shares of the apparel retailer’s stock valued at $488,000 after acquiring an additional 235 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Lululemon Athletica by 7.7% during the 3rd quarter. Victory Capital Management Inc. now owns 168,644 shares of the apparel retailer’s stock worth $65,031,000 after purchasing an additional 12,104 shares in the last quarter. Institutional investors own 85.20% of the company’s stock.

About Lululemon Athletica

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.