Wells Fargo & Company Lowers lululemon athletica (NASDAQ:LULU) Price Target to $225.00

lululemon athletica (NASDAQ:LULU) had its price objective decreased by analysts at Wells Fargo & Company from $270.00 to $225.00 in a report released on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the apparel retailer’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 15.34% from the stock’s current price.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. downgraded lululemon athletica from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $303.00 to $224.00 in a research report on Tuesday, July 22nd. Morgan Stanley restated an “equal weight” rating and issued a $280.00 price target (down from $346.00) on shares of lululemon athletica in a research report on Monday, June 9th. Bank of America lowered their price target on lululemon athletica from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Friday, June 6th. BTIG Research lowered their price target on lululemon athletica from $420.00 to $405.00 and set a “buy” rating for the company in a research report on Friday, June 6th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $385.00 price target on shares of lululemon athletica in a research report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $332.02.

lululemon athletica Stock Performance

NASDAQ LULU opened at $195.07 on Monday. The company has a market capitalization of $23.38 billion, a P/E ratio of 13.22, a P/E/G ratio of 1.67 and a beta of 1.16. lululemon athletica has a one year low of $191.44 and a one year high of $423.32. The stock has a 50 day moving average price of $243.85 and a 200-day moving average price of $296.86.

lululemon athletica (NASDAQ:LULU) last posted its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, meeting analysts’ consensus estimates of $2.60. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 EPS. As a group, equities analysts predict that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the firm’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the sale, the chief executive officer owned 110,564 shares of the company’s stock, valued at approximately $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On lululemon athletica

Institutional investors have recently added to or reduced their stakes in the business. Twin Capital Management Inc. boosted its holdings in lululemon athletica by 58.3% in the first quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer’s stock worth $1,041,000 after acquiring an additional 1,354 shares in the last quarter. Narwhal Capital Management boosted its holdings in lululemon athletica by 262.7% in the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer’s stock worth $5,315,000 after acquiring an additional 13,600 shares in the last quarter. Sawgrass Asset Management LLC acquired a new stake in lululemon athletica in the first quarter worth about $9,209,000. Flossbach Von Storch SE boosted its holdings in lululemon athletica by 10.3% in the first quarter. Flossbach Von Storch SE now owns 1,401,885 shares of the apparel retailer’s stock worth $396,818,000 after acquiring an additional 130,565 shares in the last quarter. Finally, Bender Robert & Associates boosted its holdings in lululemon athletica by 18.5% in the first quarter. Bender Robert & Associates now owns 44,961 shares of the apparel retailer’s stock worth $12,727,000 after acquiring an additional 7,028 shares in the last quarter. Institutional investors and hedge funds 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.