lululemon athletica (NASDAQ:LULU) Sets New 1-Year Low - What's Next?

lululemon athletica inc. (NASDAQ:LULU - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $219.55 and last traded at $219.20, with a volume of 1525169 shares changing hands. The stock had previously closed at $224.03.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. KeyCorp decreased their price objective on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. The Goldman Sachs Group reduced their target price on lululemon athletica from $363.00 to $302.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. BMO Capital Markets reduced their target price on lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a report on Friday, June 6th. Barclays reduced their target price on lululemon athletica from $276.00 to $270.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. Finally, TD Securities upped their price objective on lululemon athletica from $370.00 to $373.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $337.53.

lululemon athletica Trading Down 2.4%

The stock has a market capitalization of $26.21 billion, a PE ratio of 14.82, a PEG ratio of 1.90 and a beta of 1.17. The business has a fifty day moving average price of $264.08 and a 200-day moving average price of $308.74.

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

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the completion of the transaction, the chief executive officer owned 110,564 shares of the company's stock, valued at $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is owned by insiders.

Institutional Trading of lululemon athletica

Institutional investors have recently added to or reduced their stakes in the business. Trust Co. of Toledo NA OH purchased a new position in shares of lululemon athletica in the 2nd quarter worth $30,000. Aberdeen Group plc raised its holdings in lululemon athletica by 3.8% during the second quarter. Aberdeen Group plc now owns 93,585 shares of the apparel retailer's stock valued at $22,234,000 after acquiring an additional 3,427 shares during the period. Lmcg Investments LLC raised its holdings in lululemon athletica by 6.3% during the second quarter. Lmcg Investments LLC now owns 14,437 shares of the apparel retailer's stock valued at $3,430,000 after acquiring an additional 853 shares during the period. Blue Trust Inc. increased its holdings in shares of lululemon athletica by 96.8% in the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Stiles Financial Services Inc increased its holdings in shares of lululemon athletica by 14.1% in the second quarter. Stiles Financial Services Inc now owns 3,698 shares of the apparel retailer's stock worth $879,000 after purchasing an additional 457 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

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