lululemon athletica (NASDAQ:LULU) Hits New 52-Week Low – Here’s Why

lululemon athletica inc. (NASDAQ:LULU)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $126.10 and last traded at $126.34, with a volume of 3781535 shares traded. The stock had previously closed at $131.18.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LULU shares. Wells Fargo & Company decreased their price objective on shares of lululemon athletica from $175.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 18th. Jefferies Financial Group decreased their price objective on shares of lululemon athletica from $170.00 to $145.00 and set a “hold” rating on the stock in a report on Tuesday, April 28th. Bank of America decreased their price objective on shares of lululemon athletica from $220.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. BNP Paribas Exane decreased their price objective on shares of lululemon athletica from $206.00 to $170.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of lululemon athletica in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $203.80.

lululemon athletica Stock Performance

The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 4.03 and a beta of 0.90. The business’s 50-day simple moving average is $156.93 and its 200-day simple moving average is $176.11.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.78 by $0.23. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the company posted $6.14 EPS. The company’s revenue was up .0% compared to the same quarter last year. On average, analysts forecast that lululemon athletica inc. will post 12.3 earnings per share for the current year.

Insider Buying and Selling at lululemon athletica

In other lululemon athletica news, Director Charles V. Bergh bought 6,090 shares of the business’s stock in a transaction on Friday, March 20th. The shares were bought at an average cost of $164.20 per share, for a total transaction of $999,978.00. Following the transaction, the director owned 6,090 shares in the company, valued at approximately $999,978. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andre Maestrini bought 3,275 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were acquired at an average price of $151.02 per share, for a total transaction of $494,590.50. Following the completion of the transaction, the chief executive officer owned 34,551 shares in the company, valued at approximately $5,217,892.02. This trade represents a 10.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of lululemon athletica

A number of hedge funds have recently modified their holdings of LULU. Norges Bank acquired a new stake in shares of lululemon athletica in the 4th quarter valued at approximately $362,598,000. Boston Partners acquired a new stake in shares of lululemon athletica in the 4th quarter valued at approximately $304,875,000. Vanguard Group Inc. raised its position in shares of lululemon athletica by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,782,917 shares of the apparel retailer’s stock valued at $2,452,394,000 after acquiring an additional 521,915 shares during the period. Invesco Ltd. raised its position in shares of lululemon athletica by 28.7% in the 3rd quarter. Invesco Ltd. now owns 2,200,552 shares of the apparel retailer’s stock valued at $391,544,000 after acquiring an additional 490,127 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of lululemon athletica by 77.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 979,054 shares of the apparel retailer’s stock valued at $203,457,000 after acquiring an additional 426,860 shares during the period. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.