Lululemon Athletica (NASDAQ:LULU) Price Target Lowered to $505.00 at Robert W. Baird

Lululemon Athletica (NASDAQ:LULU) had its price objective lowered by Robert W. Baird from $555.00 to $505.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the apparel retailer’s stock. Robert W. Baird’s price target points to a potential upside of 45.32% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Truist Financial decreased their price target on shares of Lululemon Athletica from $561.00 to $498.00 and set a “buy” rating for the company in a report on Monday, March 25th. Piper Sandler cut their target price on shares of Lululemon Athletica from $525.00 to $470.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $539.00 target price (down from $596.00) on shares of Lululemon Athletica in a research note on Friday, March 22nd. Guggenheim cut their price objective on shares of Lululemon Athletica from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, KeyCorp lowered their target price on shares of Lululemon Athletica from $570.00 to $515.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $483.61.

Lululemon Athletica Trading Up 0.8 %

NASDAQ:LULU opened at $347.51 on Friday. Lululemon Athletica has a 1 year low of $326.93 and a 1 year high of $516.39. The firm has a 50 day moving average of $422.44 and a 200-day moving average of $438.62. The stock has a market capitalization of $43.79 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the company posted $4.40 EPS. Lululemon Athletica’s revenue was up 15.6% on a year-over-year basis. As a group, analysts forecast that Lululemon Athletica will post 14.15 EPS for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, Director Martha A. M. Morfitt purchased 700 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Trading of Lululemon Athletica

A number of hedge funds have recently added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV lifted its position in shares of Lululemon Athletica by 0.9% during the first quarter. Azzad Asset Management Inc. ADV now owns 10,005 shares of the apparel retailer’s stock valued at $3,909,000 after buying an additional 87 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Lululemon Athletica by 5.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 1,362 shares of the apparel retailer’s stock valued at $532,000 after purchasing an additional 70 shares in the last quarter. Deepwater Asset Management LLC increased its holdings in shares of Lululemon Athletica by 36.2% during the 1st quarter. Deepwater Asset Management LLC now owns 33,935 shares of the apparel retailer’s stock valued at $13,257,000 after purchasing an additional 9,024 shares in the last quarter. Little House Capital LLC increased its holdings in shares of Lululemon Athletica by 50.1% during the 1st quarter. Little House Capital LLC now owns 1,370 shares of the apparel retailer’s stock valued at $535,000 after purchasing an additional 457 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its holdings in Lululemon Athletica by 21.5% in the 1st quarter. Aviance Capital Partners LLC now owns 5,081 shares of the apparel retailer’s stock worth $1,985,000 after acquiring an additional 900 shares in the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

About Lululemon Athletica

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.