lululemon athletica (NASDAQ:LULU) Price Target Lowered to $170.00 at Robert W. Baird

lululemon athletica (NASDAQ:LULU) had its price objective trimmed by Robert W. Baird from $190.00 to $170.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the apparel retailer’s stock.

LULU has been the topic of a number of other reports. Truist Financial cut their target price 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. Raymond James Financial reaffirmed a “strong-buy” rating on shares of lululemon athletica in a report on Thursday, January 22nd. BTIG Research reduced their target price on shares of lululemon athletica from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Citigroup decreased their target price on shares of lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Finally, Wells Fargo & Company cut their price target on lululemon athletica from $175.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica presently has an average rating of “Hold” and a consensus target price of $203.80.

lululemon athletica Stock Performance

lululemon athletica stock opened at $133.59 on Thursday. lululemon athletica has a 1 year low of $127.80 and a 1 year high of $340.25. The firm’s 50-day moving average is $159.15 and its 200-day moving average is $176.79. The company has a market cap of $16.13 billion, a P/E ratio of 10.04, a PEG ratio of 4.06 and a beta of 0.90.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.78 by $0.23. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.59 billion. lululemon athletica had a net margin of 14.22% and a return on equity of 34.82%. lululemon athletica’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $6.14 earnings per share. As a group, sell-side analysts predict that lululemon athletica will post 12.31 earnings per share for the current year.

Insiders Place Their Bets

In other lululemon athletica news, CEO Andre Maestrini purchased 3,275 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were purchased at an average cost of $151.02 per share, for a total transaction of $494,590.50. Following the completion of the transaction, the chief executive officer owned 34,551 shares in the company, valued at $5,217,892.02. The trade was a 10.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles V. Bergh acquired 6,090 shares of lululemon athletica stock in a transaction dated Friday, March 20th. The shares were acquired at an average price of $164.20 per share, with a total value of $999,978.00. Following the transaction, the director owned 6,090 shares in the company, valued at approximately $999,978. This represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On lululemon athletica

A number of hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its stake in shares of 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 purchasing an additional 68 shares in the last quarter. Integrated Financial Solutions Inc. acquired a new position in lululemon athletica in the fourth quarter worth approximately $26,000. Uniplan Investment Counsel Inc. acquired a new position in lululemon athletica in the fourth quarter worth approximately $26,000. Murphy & Mullick Capital Management Corp raised its position in lululemon athletica by 187.5% during the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 105 shares in the last quarter. Finally, GoalVest Advisory LLC acquired a new stake in lululemon athletica in the fourth quarter valued at approximately $27,000. 85.20% of the stock is owned by institutional investors and hedge funds.

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.