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

Lululemon Athletica (NASDAQ:LULU) had its price target decreased by analysts at UBS Group from $475.00 to $385.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. UBS Group’s price objective points to a potential upside of 28.45% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group cut their price target on shares of Lululemon Athletica from $300.00 to $240.00 and set an “underperform” rating for the company in a report on Thursday, April 4th. TD Cowen cut their price target on shares of Lululemon Athletica from $553.00 to $515.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Wells Fargo & Company cut their price target on shares of Lululemon Athletica from $450.00 to $425.00 and set an “equal weight” rating for the company in a report on Friday, March 22nd. BTIG Research started coverage on shares of Lululemon Athletica in a report on Wednesday, May 8th. They set a “buy” rating and a $425.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Lululemon Athletica from $531.00 to $509.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $465.48.

Lululemon Athletica Price Performance

LULU opened at $299.74 on Wednesday. The company’s 50 day simple moving average is $366.72 and its two-hundred day simple moving average is $431.38. Lululemon Athletica has a 1-year low of $295.28 and a 1-year high of $516.39. The firm has a market capitalization of $37.77 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 1.45 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last released its 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 net margin of 16.11% and a return on equity of 44.41%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the company posted $4.40 EPS. The business’s revenue was up 15.6% on a year-over-year basis. On average, equities analysts anticipate that Lululemon Athletica will post 14.15 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of Lululemon Athletica stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the transaction, the director now directly owns 500 shares in the company, valued at $194,645. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Lululemon Athletica

Institutional investors and hedge funds have recently bought and sold shares of the stock. Beck Bode LLC increased its stake in Lululemon Athletica by 10.5% in the first quarter. Beck Bode LLC now owns 26,137 shares of the apparel retailer’s stock valued at $10,211,000 after purchasing an additional 2,473 shares during the period. Swedbank AB acquired a new position in Lululemon Athletica in the first quarter valued at $19,103,000. Virtu Financial LLC increased its stake in Lululemon Athletica by 259.0% in the first 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 period. Cim LLC increased its stake in Lululemon Athletica by 9.4% in the first quarter. Cim LLC now owns 908 shares of the apparel retailer’s stock valued at $355,000 after purchasing an additional 78 shares during the period. Finally, Wahed Invest LLC increased its stake in shares of Lululemon Athletica by 15.3% during the first 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 period. 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.