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

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

A number of other equities research analysts have also weighed in on LULU. Morgan Stanley dropped their price target on Lululemon Athletica from $539.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Oppenheimer restated an “outperform” rating and set a $445.00 price target (down previously from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Citigroup dropped their price target on Lululemon Athletica from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Truist Financial dropped their target price on Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Finally, TD Cowen dropped their target price on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $481.96.

Lululemon Athletica Price Performance

LULU opened at $364.70 on Friday. Lululemon Athletica has a 1 year low of $326.93 and a 1 year high of $516.39. The firm has a market capitalization of $45.96 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.27 and a beta of 1.30. The business’s 50-day moving average is $410.57 and its two-hundred day moving average is $438.70.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Daymark Wealth Partners LLC raised its stake in shares of Lululemon Athletica by 3.8% during the 4th quarter. Daymark Wealth Partners LLC now owns 573 shares of the apparel retailer’s stock worth $293,000 after buying an additional 21 shares during the period. Simon Quick Advisors LLC raised its stake in Lululemon Athletica by 1.9% in the 4th quarter. Simon Quick Advisors LLC now owns 1,196 shares of the apparel retailer’s stock valued at $612,000 after purchasing an additional 22 shares during the last quarter. Pinnacle Financial Partners Inc raised its stake in Lululemon Athletica by 1.9% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,263 shares of the apparel retailer’s stock valued at $646,000 after purchasing an additional 23 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in Lululemon Athletica by 11.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 251 shares of the apparel retailer’s stock valued at $97,000 after purchasing an additional 25 shares during the last quarter. Finally, Sage Mountain Advisors LLC raised its stake in Lululemon Athletica by 3.3% in the 3rd quarter. Sage Mountain Advisors LLC now owns 809 shares of the apparel retailer’s stock valued at $312,000 after purchasing an additional 26 shares during the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

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.