Lululemon Athletica (NASDAQ:LULU) Rating Lowered to Underperform at Sanford C. Bernstein

Sanford C. Bernstein downgraded shares of Lululemon Athletica (NASDAQ:LULUGet Rating) from a market perform rating to an underperform rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $290.00 price objective on the apparel retailer’s stock, down from their prior price objective of $340.00.

LULU has been the subject of several other reports. Morgan Stanley increased their price target on shares of Lululemon Athletica from $343.00 to $387.00 and gave the stock an overweight rating in a report on Friday, December 9th. Argus cut their price target on shares of Lululemon Athletica from $415.00 to $350.00 and set a buy rating for the company in a report on Wednesday, January 11th. Guggenheim dropped their target price on shares of Lululemon Athletica from $475.00 to $400.00 in a report on Tuesday, January 10th. Credit Suisse Group increased their target price on shares of Lululemon Athletica from $390.00 to $465.00 and gave the company an outperform rating in a report on Monday, December 5th. Finally, Wells Fargo & Company raised shares of Lululemon Athletica from an equal weight rating to an overweight rating and increased their target price for the company from $360.00 to $380.00 in a report on Friday, January 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lululemon Athletica currently has an average rating of Moderate Buy and a consensus price target of $404.11.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $311.21 on Tuesday. The company has a 50-day simple moving average of $333.85 and a 200-day simple moving average of $320.51. Lululemon Athletica has a one year low of $251.51 and a one year high of $410.70. The stock has a market capitalization of $39.68 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 1.58 and a beta of 1.35.

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

Institutional Investors Weigh In On Lululemon Athletica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Guardian Wealth Advisors LLC purchased a new stake in Lululemon Athletica during the 3rd quarter worth $26,000. Ronald Blue Trust Inc. purchased a new stake in Lululemon Athletica during the 2nd quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Lululemon Athletica by 440.9% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 119 shares of the apparel retailer’s stock worth $32,000 after buying an additional 97 shares during the period. Venture Visionary Partners LLC purchased a new stake in Lululemon Athletica during the 2nd quarter worth $34,000. Finally, Core Alternative Capital increased its stake in Lululemon Athletica by 95.5% during the 2nd quarter. Core Alternative Capital now owns 129 shares of the apparel retailer’s stock worth $35,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 82.04% of the company’s stock.

Lululemon Athletica Company Profile

(Get Rating)

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.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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