Sanford C. Bernstein Has Lowered Expectations for lululemon athletica (NASDAQ:LULU) Stock Price

lululemon athletica (NASDAQ:LULU) had its target price reduced by analysts at Sanford C. Bernstein from $180.00 to $170.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “market perform” rating on the apparel retailer’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 34.42% from the company’s current price.

Several other research analysts have also issued reports on the stock. Bank of America dropped their price target on shares of lululemon athletica from $220.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Robert W. Baird decreased their price objective on lululemon athletica from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Weiss Ratings cut lululemon athletica from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 31st. Barclays cut their target price on lululemon athletica from $203.00 to $161.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 18th. Finally, Truist Financial decreased their price target on lululemon athletica from $200.00 to $170.00 and set a “hold” 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 assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $197.09.

lululemon athletica Price Performance

Shares of LULU stock opened at $126.47 on Wednesday. lululemon athletica has a one year low of $116.63 and a one year high of $340.25. The stock has a fifty day moving average price of $144.29 and a 200 day moving average price of $171.29. The stock has a market cap of $15.27 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 4.07 and a beta of 0.87.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.23. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm posted $6.14 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts anticipate that lululemon athletica will post 12.26 EPS for the current year.

Insider Transactions at lululemon athletica

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

Institutional Trading of lululemon athletica

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its position in lululemon athletica by 81.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock worth $25,000 after buying an additional 68 shares in the last quarter. Integrated Financial Solutions Inc. acquired a new stake in lululemon athletica in the 4th quarter valued at about $26,000. Uniplan Investment Counsel Inc. acquired a new stake in lululemon athletica in the 4th quarter valued at about $26,000. Murphy & Mullick Capital Management Corp raised its stake in shares of lululemon athletica by 187.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock worth $27,000 after acquiring an additional 105 shares during the last quarter. Finally, GoalVest Advisory LLC bought a new position in shares of lululemon athletica in the fourth quarter worth about $27,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.