lululemon athletica (NASDAQ:LULU) Hits New 1-Year Low – Time to Sell?

Shares of lululemon athletica inc. (NASDAQ:LULU) hit a new 52-week low on Thursday . The stock traded as low as $155.55 and last traded at $154.3820, with a volume of 661978 shares changing hands. The stock had previously closed at $158.72.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LULU shares. Stifel Nicolaus lowered their price objective on lululemon athletica from $210.00 to $176.00 and set a “hold” rating for the company in a research report on Wednesday, March 18th. BNP Paribas Exane cut their target price 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. Truist Financial decreased 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. Daiwa Securities Group increased their price target on shares of lululemon athletica from $174.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, December 16th. Finally, Citigroup cut their price target on shares of lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, thirty have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $214.47.

lululemon athletica Price Performance

The stock has a market capitalization of $17.90 billion, a PE ratio of 11.49, a PEG ratio of 4.94 and a beta of 1.00. The company has a 50 day moving average price of $176.52 and a 200-day moving average price of $180.36.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, topping analysts’ consensus estimates of $4.78 by $0.23. The company had revenue of $3.64 billion during 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%.The firm’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $6.14 earnings per share. As a group, equities analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Insider Activity at lululemon athletica

In related news, Director Charles V. Bergh bought 6,090 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was purchased at an average cost of $164.20 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On lululemon athletica

Several hedge funds and other institutional investors have recently modified their holdings of LULU. Uniplan Investment Counsel Inc. purchased a new stake in lululemon athletica in the fourth quarter worth about $26,000. Integrated Financial Solutions Inc. purchased a new position in shares of lululemon athletica during the 4th quarter worth approximately $26,000. GoalVest Advisory LLC bought a new position in shares of lululemon athletica in the 4th quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of lululemon athletica by 464.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 116 shares in the last quarter. Finally, Elyxium Wealth LLC purchased a new position in shares of lululemon athletica in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

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.