lululemon athletica (NASDAQ:LULU) Hits New 52-Week Low on Analyst Downgrade

lululemon athletica inc. (NASDAQ:LULU)’s share price reached a new 52-week low during mid-day trading on Wednesday after Robert W. Baird lowered their price target on the stock from $190.00 to $170.00. Robert W. Baird currently has a neutral rating on the stock. lululemon athletica traded as low as $127.80 and last traded at $130.21, with a volume of 3363948 shares. The stock had previously closed at $128.98.

Several other equities research analysts also recently issued reports on LULU. Citigroup dropped their price objective on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of lululemon athletica in a research note on Thursday, January 8th. They issued a “hold” rating for the company. BTIG Research decreased their price objective on shares of lululemon athletica from $250.00 to $225.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. UBS Group dropped their target price on shares of lululemon athletica from $189.00 to $176.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Finally, Wells Fargo & Company reduced their price target on shares of lululemon athletica from $175.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $203.80.

Insider Transactions at lululemon athletica

In other news, insider Nicole Neuburger sold 622 shares of lululemon athletica stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $161.00, for a total value of $100,142.00. Following the completion of the transaction, the insider directly owned 19,156 shares of the company’s stock, valued at approximately $3,084,116. The trade was a 3.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andre Maestrini bought 3,275 shares of the stock in a transaction dated Wednesday, April 1st. The shares were bought at an average cost of $151.02 per share, with a total value of $494,590.50. Following the completion of the acquisition, the chief executive officer directly owned 34,551 shares of the company’s stock, valued at approximately $5,217,892.02. The trade was a 10.47% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On lululemon athletica

Institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position 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 during the last quarter. Integrated Financial Solutions Inc. bought a new position in lululemon athletica in the 4th quarter worth approximately $26,000. Uniplan Investment Counsel Inc. bought a new position in lululemon athletica in the 4th quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp increased its position in lululemon athletica by 187.5% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 105 shares during the period. Finally, GoalVest Advisory LLC bought a new stake in lululemon athletica during the 4th quarter valued at $27,000. Institutional investors own 85.20% of the company’s stock.

lululemon athletica Stock Performance

The firm has a 50 day simple moving average of $159.15 and a two-hundred day simple moving average of $176.79. The stock has a market cap of $16.01 billion, a P/E ratio of 9.97, a P/E/G ratio of 4.06 and a beta of 0.90.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share for the quarter, beating analysts’ consensus estimates of $4.78 by $0.23. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The company’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $6.14 earnings per share. As a group, equities research analysts predict that lululemon athletica inc. will post 12.31 EPS for the current year.

lululemon athletica Company Profile

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.