lululemon athletica (NASDAQ:LULU) Sets New 52-Week Low - Here's Why

lululemon athletica inc. (NASDAQ:LULU - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $219.97 and last traded at $224.22, with a volume of 1332314 shares changing hands. The stock had previously closed at $227.47.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. William Blair reissued an "outperform" rating on shares of lululemon athletica in a report on Thursday, April 3rd. Telsey Advisory Group restated an "outperform" rating and set a $385.00 price target on shares of lululemon athletica in a research report on Monday, June 2nd. Citigroup dropped their price objective on shares of lululemon athletica from $325.00 to $270.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. Piper Sandler upped their target price on shares of lululemon athletica from $280.00 to $315.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group decreased their price objective on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $340.26.

lululemon athletica Trading Up 0.0%

The firm's 50-day simple moving average is $280.23 and its two-hundred day simple moving average is $329.60. The stock has a market capitalization of $27.75 billion, a PE ratio of 15.69, a PEG ratio of 2.13 and a beta of 1.26.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting analysts' consensus estimates of $2.60. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%. lululemon athletica's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.54 earnings per share. As a group, research analysts expect that lululemon athletica inc. will post 14.36 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of lululemon athletica by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer's stock worth $3,755,337,000 after acquiring an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of lululemon athletica by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer's stock worth $1,418,389,000 after purchasing an additional 162,295 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of lululemon athletica by 9.0% during the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock valued at $1,356,507,000 after buying an additional 394,706 shares during the last quarter. Geode Capital Management LLC lifted its stake in lululemon athletica by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock valued at $947,682,000 after acquiring an additional 10,461 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of lululemon athletica by 34.6% during the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock worth $827,338,000 after purchasing an additional 556,406 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.