lululemon athletica (NASDAQ:LULU) Sets New 52-Week Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LULU. Weiss Ratings upgraded shares of lululemon athletica from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 5th. Jefferies Financial Group dropped their price objective on lululemon athletica from $200.00 to $185.00 and set a “hold” rating for the company in a research note on Friday, January 30th. Citigroup reduced their target price on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft assumed coverage on lululemon athletica in a research note on Thursday, January 8th. They issued a “hold” rating on the stock. Finally, UBS Group lowered their price target on lululemon athletica from $189.00 to $176.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, thirty have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $214.47.

lululemon athletica Trading Down 3.8%

The business’s fifty day moving average price is $176.52 and its 200-day moving average price is $180.36. The company has a market capitalization of $17.90 billion, a P/E ratio of 11.49, a P/E/G ratio of 4.94 and a beta of 1.00.

lululemon athletica (NASDAQ:LULU) 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 business 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 firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.14 earnings per share. As a group, equities research analysts forecast that lululemon athletica inc. will post 14.36 EPS for the current year.

Insider Buying and Selling

In other lululemon athletica news, Director Charles V. Bergh purchased 6,090 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were purchased at an average cost of $164.20 per share, with a total value of $999,978.00. Following the completion of the purchase, the director owned 6,090 shares of the company’s stock, valued at $999,978. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On lululemon athletica

A number of institutional investors have recently made changes to their positions in the business. MGO One Seven LLC raised its position in lululemon athletica by 4.5% in the 3rd quarter. MGO One Seven LLC now owns 1,340 shares of the apparel retailer’s stock worth $238,000 after purchasing an additional 58 shares during the period. Davis Investment Partners LLC boosted its position in lululemon athletica by 2.9% during the fourth quarter. Davis Investment Partners LLC now owns 2,064 shares of the apparel retailer’s stock valued at $435,000 after buying an additional 58 shares during the period. Greenleaf Trust grew its stake in shares of lululemon athletica by 2.7% during the third quarter. Greenleaf Trust now owns 2,319 shares of the apparel retailer’s stock valued at $413,000 after buying an additional 62 shares during the last quarter. NorthRock Partners LLC grew its stake in shares of lululemon athletica by 4.2% during the third quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer’s stock valued at $276,000 after buying an additional 62 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in shares of lululemon athletica by 81.9% in the third quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock worth $25,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 85.20% of the company’s stock.

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.