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

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

A number of other brokerages have also recently issued reports on LULU. Wells Fargo & Company reduced their price objective on Lululemon Athletica from $450.00 to $425.00 and set an equal weight rating for the company in a report on Friday, March 22nd. Guggenheim dropped their price target 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. Jefferies Financial Group dropped their price target on shares of Lululemon Athletica from $300.00 to $240.00 and set an underperform rating for the company in a research report on Thursday, April 4th. Evercore ISI dropped their price target on shares of Lululemon Athletica from $575.00 to $515.00 and set an outperform rating for the company in a research report on Friday, March 22nd. Finally, BNP Paribas downgraded shares of Lululemon Athletica from a neutral rating to an underperform rating and dropped their price target for the company from $430.00 to $415.00 in a research report on Friday, February 9th. 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. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $481.96.

Lululemon Athletica Stock Up 1.3 %

Shares of NASDAQ:LULU opened at $364.70 on Friday. Lululemon Athletica has a 12-month low of $326.93 and a 12-month high of $516.39. The stock has a market cap of $45.96 billion, a PE ratio of 29.87, a P/E/G ratio of 1.27 and a beta of 1.30. The business has a 50 day moving average of $410.57 and a 200-day moving average of $438.25.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company 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 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. Equities research analysts expect that Lululemon Athletica will post 14.15 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average price of $389.29 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Lululemon Athletica

Institutional investors have recently bought and sold shares of the company. Valley National Advisers Inc. boosted its position in Lululemon Athletica by 600.0% during the fourth quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock valued at $25,000 after acquiring an additional 42 shares during the last quarter. Tidemark LLC bought a new stake in Lululemon Athletica during the fourth quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in shares of Lululemon Athletica during the fourth quarter valued at about $26,000. Milestone Investment Advisors LLC acquired a new position in shares of Lululemon Athletica during the third quarter valued at about $27,000. Finally, Bogart Wealth LLC raised its holdings in shares of Lululemon Athletica by 270.0% during the third quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares during the period. 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.