Lululemon Athletica (NASDAQ:LULU) Price Target Cut to $384.00 by Analysts at Sanford C. Bernstein

Lululemon Athletica (NASDAQ:LULU) had its price objective cut by Sanford C. Bernstein from $430.00 to $384.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have a market perform rating on the apparel retailer’s stock.

A number of other research analysts also recently issued reports on the company. Morgan Stanley lowered their price target on Lululemon Athletica from $539.00 to $490.00 and set an overweight rating on the stock in a report on Friday, March 22nd. Raymond James upped their price target on Lululemon Athletica from $495.00 to $520.00 and gave the company an outperform rating in a report on Wednesday, January 10th. Needham & Company LLC lowered their price target on Lululemon Athletica from $525.00 to $500.00 and set a buy rating on the stock in a report on Friday, March 22nd. Oppenheimer reaffirmed an outperform rating and set a $445.00 price target (down from $540.00) on shares of Lululemon Athletica in a report on Friday, April 5th. Finally, Evercore ISI lowered their price target on Lululemon Athletica from $575.00 to $515.00 and set an outperform rating on the stock in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Lululemon Athletica currently has an average rating of Moderate Buy and a consensus price target of $476.57.

Lululemon Athletica Trading Down 0.2 %

Lululemon Athletica stock opened at $363.96 on Friday. The business’s fifty day simple moving average is $408.86 and its two-hundred day simple moving average is $439.09. Lululemon Athletica has a 12 month low of $326.93 and a 12 month high of $516.39. The company has a market capitalization of $45.86 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.29 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 EPS for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the previous year, the company posted $4.40 earnings per share. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities research analysts predict that Lululemon Athletica will post 14.15 EPS for the current year.

Insider Buying and Selling

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of Lululemon Athletica

Several institutional investors have recently made changes to their positions in the business. DAVENPORT & Co LLC boosted its stake in Lululemon Athletica by 11.1% during the third quarter. DAVENPORT & Co LLC now owns 1,921 shares of the apparel retailer’s stock valued at $741,000 after buying an additional 192 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Lululemon Athletica by 44.4% during the 3rd quarter. Caprock Group LLC now owns 995 shares of the apparel retailer’s stock worth $384,000 after acquiring an additional 306 shares during the last quarter. Oak Thistle LLC lifted its stake in shares of Lululemon Athletica by 4.4% during the 3rd quarter. Oak Thistle LLC now owns 1,031 shares of the apparel retailer’s stock worth $398,000 after acquiring an additional 43 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $208,000. Finally, Cannon Global Investment Management LLC bought a new stake in shares of Lululemon Athletica during the 3rd quarter worth approximately $925,000. 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.