Robert W. Baird Has Lowered Expectations for lululemon athletica (NASDAQ:LULU) Stock Price

lululemon athletica (NASDAQ:LULU) had its target price cut by Robert W. Baird from $190.00 to $170.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Robert W. Baird’s price target indicates a potential upside of 28.75% from the stock’s current price.

LULU has been the topic of several other research reports. Truist Financial reduced their target price on shares of lululemon athletica from $200.00 to $170.00 and set a “hold” rating on the stock in a research note on Wednesday, March 18th. The Goldman Sachs Group cut their price target on shares of lululemon athletica from $200.00 to $184.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Jefferies Financial Group reduced their price objective on shares of lululemon athletica from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Weiss Ratings downgraded shares of lululemon athletica from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. Finally, BNP Paribas Exane dropped their target price on lululemon athletica from $206.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $203.80.

lululemon athletica Stock Performance

NASDAQ LULU opened at $132.04 on Thursday. The company has a market cap of $15.94 billion, a P/E ratio of 9.93, a P/E/G ratio of 4.00 and a beta of 0.90. The business’s 50 day moving average price is $160.07 and its 200-day moving average price is $177.03. lululemon athletica has a fifty-two week low of $127.80 and a fifty-two week high of $340.25.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, beating the consensus estimate of $4.78 by $0.23. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.lululemon athletica’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.14 EPS. As a group, equities analysts predict that lululemon athletica will post 12.31 EPS for the current year.

Insider Buying and Selling

In other news, insider Nicole Neuburger sold 622 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $161.00, for a total transaction of $100,142.00. Following the transaction, the insider directly owned 19,156 shares of the company’s stock, valued at approximately $3,084,116. This trade represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles V. Bergh purchased 6,090 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were bought at an average cost of $164.20 per share, with a total value of $999,978.00. Following the purchase, the director directly owned 6,090 shares of the company’s stock, valued at approximately $999,978. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LULU. Uniplan Investment Counsel Inc. bought a new position in shares of lululemon athletica during the 4th quarter worth $26,000. Integrated Financial Solutions Inc. purchased a new position in lululemon athletica during the 4th quarter valued at about $26,000. GoalVest Advisory LLC bought a new stake in shares of lululemon athletica in the 4th quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in shares of lululemon athletica in the 4th quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC boosted its stake in lululemon athletica by 81.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.