lululemon athletica (NASDAQ:LULU) Price Target Lowered to $130.00 at Piper Sandler

lululemon athletica (NASDAQ:LULUGet Free Report) had its price objective cut by equities research analysts at Piper Sandler from $190.00 to $130.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the apparel retailer’s stock. Piper Sandler’s price objective indicates a potential upside of 2.56% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Citigroup dropped their price objective on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. Bank of America dropped their price objective on lululemon athletica from $220.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. dropped their price objective on lululemon athletica from $196.00 to $173.00 in a research note on Wednesday, May 6th. UBS Group dropped their price objective on lululemon athletica from $189.00 to $176.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Finally, BNP Paribas Exane dropped their price objective on lululemon athletica from $206.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $201.66.

Read Our Latest Stock Analysis on lululemon athletica

lululemon athletica Stock Performance

LULU opened at $126.76 on Friday. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 3.85 and a beta of 0.90. The stock’s 50 day moving average price is $148.72 and its 200-day moving average price is $173.10. lululemon athletica has a one year low of $116.63 and a one year high of $340.25.

lululemon athletica (NASDAQ:LULUGet Free Report) last released its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, beating analysts’ consensus estimates of $4.78 by $0.23. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.14 earnings per share. As a group, analysts predict that lululemon athletica will post 12.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Charles V. Bergh bought 6,090 shares of the stock in a transaction on Friday, March 20th. The stock was bought at an average price of $164.20 per share, for a total transaction of $999,978.00. Following the completion of the acquisition, the director directly owned 6,090 shares in the company, valued at approximately $999,978. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andre Maestrini bought 3,275 shares of the stock in a transaction on Wednesday, April 1st. The shares were bought at an average price of $151.02 per share, with a total value of $494,590.50. Following the acquisition, the chief executive officer owned 34,551 shares of the company’s stock, valued at $5,217,892.02. This trade represents a 10.47% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.54% of the stock is owned by company insiders.

Institutional Trading of lululemon athletica

Hedge funds and other institutional investors have recently made changes to their positions in the business. Uniplan Investment Counsel Inc. purchased a new stake in shares of lululemon athletica during the 4th quarter valued at $26,000. Integrated Financial Solutions Inc. purchased a new stake in shares of lululemon athletica during the 4th quarter valued at $26,000. GoalVest Advisory LLC purchased a new stake in shares of lululemon athletica during the 4th quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in shares of lululemon athletica during the 4th quarter valued at $31,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of lululemon athletica by 81.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

More lululemon athletica News

Here are the key news stories impacting lululemon athletica this week:

lululemon athletica Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for lululemon athletica (NASDAQ:LULU)

Receive News & Ratings for lululemon athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica and related companies with MarketBeat.com's FREE daily email newsletter.