Lululemon Athletica (NASDAQ:LULU) PT Lowered to $385.00 at UBS Group

Lululemon Athletica (NASDAQ:LULU) had its target price decreased by UBS Group from $475.00 to $385.00 in a research note published on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the apparel retailer’s stock.

A number of other equities research analysts also recently weighed in on the stock. TD Cowen decreased their price target on shares of Lululemon Athletica from $553.00 to $515.00 and set an outperform rating on the stock in a research note on Friday, March 22nd. Guggenheim decreased their price target on shares of Lululemon Athletica from $550.00 to $525.00 and set a buy rating on the stock in a research note on Friday, March 22nd. Robert W. Baird decreased their price target on shares of Lululemon Athletica from $555.00 to $505.00 and set an outperform rating on the stock in a research note on Friday, April 19th. Jefferies Financial Group cut their price objective on Lululemon Athletica from $300.00 to $240.00 and set an underperform rating for the company in a report on Thursday, April 4th. Finally, Truist Financial cut their price objective on Lululemon Athletica from $561.00 to $498.00 and set a buy rating for the company in a report on Monday, March 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of $465.13.

Lululemon Athletica Stock Performance

Shares of LULU opened at $303.01 on Wednesday. Lululemon Athletica has a twelve month low of $295.28 and a twelve month high of $516.39. The firm’s 50 day moving average price is $363.48 and its 200 day moving average price is $430.65. The firm has a market cap of $38.18 billion, a PE ratio of 24.82, a PEG ratio of 1.35 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company posted $4.40 earnings per share. On average, sell-side analysts anticipate that Lululemon Athletica will post 14.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Martha A. M. Morfitt bought 700 shares of the stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the purchase, the director now directly owns 500 shares in the company, valued at approximately $194,645. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. increased its holdings in shares of Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Tidemark LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter worth $26,000. Scarborough Advisors LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter worth $26,000. Morton Brown Family Wealth LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter worth $31,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of Lululemon Athletica in the 4th quarter worth $31,000. Hedge funds and other institutional investors 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.