lululemon athletica (NASDAQ:LULU) Hits New 12-Month Low - What's Next?

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on LULU shares. Raymond James Financial restated a "market perform" rating and set a $430.00 price objective on shares of lululemon athletica in a report on Friday, March 28th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $280.00 price target (down previously from $346.00) on shares of lululemon athletica in a report on Monday, June 9th. Argus lowered shares of lululemon athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. UBS Group reduced their target price on lululemon athletica from $330.00 to $290.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $385.00 price target on shares of lululemon athletica in a research report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $340.26.

lululemon athletica Trading Down 0.8%

The business has a fifty day moving average price of $281.72 and a two-hundred day moving average price of $332.18. The firm has a market capitalization of $27.03 billion, a PE ratio of 15.41, a PEG ratio of 2.09 and a beta of 1.26.

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

Institutional Trading of lululemon athletica

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of lululemon athletica by 1.2% in 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 lifted its stake in lululemon athletica by 3.3% in the first 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 acquiring an additional 162,295 shares during the last quarter. Alliancebernstein L.P. lifted its stake in lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer's stock worth $1,356,507,000 after acquiring an additional 394,706 shares during the last quarter. Geode Capital Management LLC grew its holdings in lululemon athletica by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,485,289 shares of the apparel retailer's stock worth $947,682,000 after acquiring an additional 10,461 shares in the last quarter. Finally, Capital World Investors increased its position in shares of lululemon athletica by 34.6% in the 4th quarter. Capital World Investors now owns 2,163,484 shares of the apparel retailer's stock valued at $827,338,000 after purchasing an additional 556,406 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company's stock.

About lululemon athletica

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.