Lululemon Athletica (NASDAQ:LULU) PT Lowered to $376.00 at Sanford C. Bernstein

Lululemon Athletica (NASDAQ:LULU) had its price objective cut by equities research analysts at Sanford C. Bernstein from $384.00 to $376.00 in a report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a “market perform” rating on the apparel retailer’s stock. Sanford C. Bernstein’s price target points to a potential upside of 23.28% from the stock’s current price.

LULU has been the topic of a number of other reports. Wedbush cut their target price on Lululemon Athletica from $492.00 to $397.00 and set an “outperform” rating on the stock in a report on Wednesday. Wells Fargo & Company cut their target price on Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Friday, March 22nd. TD Cowen cut their target price on Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. The Goldman Sachs Group dropped their price objective on Lululemon Athletica from $521.00 to $463.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Oppenheimer restated an “outperform” rating and set a $445.00 price objective (down from $540.00) on shares of Lululemon Athletica in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, Lululemon Athletica presently has an average rating of “Moderate Buy” and a consensus target price of $465.13.

Lululemon Athletica Trading Up 1.8 %

LULU stock traded up $5.27 during trading on Friday, hitting $305.00. The company had a trading volume of 1,522,356 shares, compared to its average volume of 1,863,484. The stock has a market cap of $38.43 billion, a PE ratio of 25.03, a PEG ratio of 1.34 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 business has a 50-day moving average of $366.72 and a 200-day moving average of $431.38.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion for 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%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.40 EPS. Research analysts forecast that Lululemon Athletica will post 14.15 EPS for the current year.

Insider Buying and Selling

In other news, Director Martha A. M. Morfitt purchased 700 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On Lululemon Athletica

Institutional investors have recently modified their holdings of the stock. Beck Bode LLC increased its position in Lululemon Athletica by 10.5% in the first quarter. Beck Bode LLC now owns 26,137 shares of the apparel retailer’s stock worth $10,211,000 after buying an additional 2,473 shares in the last quarter. Swedbank AB bought a new stake in shares of Lululemon Athletica in the 1st quarter valued at approximately $19,103,000. Virtu Financial LLC lifted its stake in shares of Lululemon Athletica by 259.0% in the 1st quarter. Virtu Financial LLC now owns 7,568 shares of the apparel retailer’s stock valued at $2,956,000 after purchasing an additional 5,460 shares during the last quarter. Cim LLC lifted its stake in shares of Lululemon Athletica by 9.4% during the 1st quarter. Cim LLC now owns 908 shares of the apparel retailer’s stock worth $355,000 after acquiring an additional 78 shares during the last quarter. Finally, Wahed Invest LLC lifted its stake in shares of Lululemon Athletica by 15.3% during the 1st quarter. Wahed Invest LLC now owns 2,189 shares of the apparel retailer’s stock worth $855,000 after acquiring an additional 291 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.