lululemon athletica (NASDAQ:LULU) Rating Lowered to Neutral at JPMorgan Chase & Co.

lululemon athletica (NASDAQ:LULU - Get Free Report) was downgraded by equities research analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a research note issued on Tuesday, MarketBeat reports. They currently have a $224.00 price objective on the apparel retailer's stock, down from their previous price objective of $303.00. JPMorgan Chase & Co.'s target price suggests a potential downside of 0.10% from the stock's current price.

Several other research analysts have also weighed in on LULU. Barclays cut their price objective on shares of lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. William Blair reiterated an "outperform" rating on shares of lululemon athletica in a report on Thursday, April 3rd. BTIG Research cut their price objective on shares of lululemon athletica from $420.00 to $405.00 and set a "buy" rating on the stock in a report on Friday, June 6th. Argus lowered shares of lululemon athletica from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, Evercore ISI lifted their price objective on shares of lululemon athletica from $320.00 to $400.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, lululemon athletica currently has a consensus rating of "Moderate Buy" and a consensus target price of $337.53.

lululemon athletica Trading Up 0.5%

Shares of lululemon athletica stock traded up $1.01 during mid-day trading on Tuesday, hitting $224.22. 1,704,727 shares of the stock were exchanged, compared to its average volume of 2,373,463. lululemon athletica has a twelve month low of $216.81 and a twelve month high of $423.32. The stock has a market capitalization of $26.87 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17. The company has a 50-day simple moving average of $269.27 and a 200 day simple moving average of $311.00.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.60. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same period last year, the company earned $2.54 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts forecast that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On lululemon athletica

Large investors have recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC bought a new stake in lululemon athletica during the first quarter worth approximately $25,000. Cornerstone Planning Group LLC boosted its position in shares of lululemon athletica by 506.3% in the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of lululemon athletica in the first quarter valued at approximately $29,000. Anderson Financial Strategies LLC bought a new stake in shares of lululemon athletica in the fourth quarter valued at approximately $30,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of lululemon athletica in the first quarter valued at approximately $31,000. 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.