lululemon athletica (NASDAQ:LULU) Hits New 1-Year Low – Here’s What Happened

lululemon athletica inc. (NASDAQ:LULU)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $126.10 and last traded at $126.34, with a volume of 3781535 shares trading hands. The stock had previously closed at $131.18.

Analyst Ratings Changes

LULU has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on lululemon athletica from $200.00 to $184.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. Truist Financial dropped their target price on lululemon athletica from $200.00 to $170.00 and set a “hold” rating on the stock in a report on Wednesday, March 18th. Barclays dropped their target price on lululemon athletica from $203.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 18th. UBS Group dropped their target price on lululemon athletica from $189.00 to $176.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Finally, Bank of America dropped their target price on lululemon athletica from $220.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, lululemon athletica currently has a consensus rating of “Hold” and an average price target of $203.80.

lululemon athletica Price Performance

The company has a market cap of $14.63 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 3.85 and a beta of 0.90. The firm’s 50 day simple moving average is $154.63 and its 200-day simple moving average is $175.33.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data 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 company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the firm posted $6.14 earnings per share. lululemon athletica’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts forecast that lululemon athletica inc. will post 12.3 EPS for the current year.

Insider Buying and Selling at lululemon athletica

In related news, Director Charles V. Bergh acquired 6,090 shares of the firm’s stock in a transaction on 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 directly 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Andre Maestrini bought 3,275 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were acquired at an average price of $151.02 per share, with a total value of $494,590.50. Following the purchase, the chief executive officer directly owned 34,551 shares of the company’s stock, valued at approximately $5,217,892.02. This trade represents a 10.47% increase in their position. The SEC filing for this purchase provides additional information. 0.54% of the stock is currently owned by insiders.

Institutional Investors Weigh In On lululemon athletica

Several hedge funds have recently made changes to their positions in LULU. Hussman Strategic Advisors Inc. lifted its position in lululemon athletica by 66.7% in the third quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the apparel retailer’s stock valued at $3,737,000 after purchasing an additional 8,400 shares during the period. Swiss Life Asset Management Ltd lifted its position in lululemon athletica by 53.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 68,093 shares of the apparel retailer’s stock valued at $14,150,000 after purchasing an additional 23,623 shares during the period. Pacific Heights Asset Management LLC lifted its position in lululemon athletica by 44.4% in the third quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the apparel retailer’s stock valued at $11,565,000 after purchasing an additional 20,000 shares during the period. Oppenheimer Asset Management Inc. lifted its position in lululemon athletica by 46.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 25,594 shares of the apparel retailer’s stock valued at $5,319,000 after purchasing an additional 8,134 shares during the period. Finally, Mediolanum International Funds Ltd lifted its position in lululemon athletica by 72.8% in the third quarter. Mediolanum International Funds Ltd now owns 54,318 shares of the apparel retailer’s stock valued at $9,729,000 after purchasing an additional 22,891 shares during the period. Institutional investors and hedge funds 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.