Lululemon Athletica (NASDAQ:LULU) PT Lowered to $505.00 at Robert W. Baird

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its target price decreased by investment analysts at Robert W. Baird from $555.00 to $505.00 in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has an "outperform" rating on the apparel retailer's stock. Robert W. Baird's target price points to a potential upside of 43.27% from the company's previous close.

LULU has been the subject of several other reports. Raymond James boosted their price objective on Lululemon Athletica from $495.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, January 10th. Guggenheim decreased their target price on Lululemon Athletica from $550.00 to $525.00 and set a "buy" rating for the company in a research note on Friday, March 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $550.00 target price on shares of Lululemon Athletica in a research note on Friday, March 22nd. JPMorgan Chase & Co. decreased their target price on Lululemon Athletica from $531.00 to $509.00 and set an "overweight" rating for the company in a research note on Friday, March 22nd. Finally, TD Cowen decreased their target price on Lululemon Athletica from $553.00 to $515.00 and set an "outperform" rating for the company in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $483.61.

Lululemon Athletica Trading Up 1.4 %

NASDAQ:LULU traded up $4.96 during mid-day trading on Friday, hitting $352.47. The company had a trading volume of 2,466,578 shares, compared to its average volume of 1,782,229. Lululemon Athletica has a 1 year low of $326.93 and a 1 year high of $516.39. The firm has a market capitalization of $44.41 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 1.22 and a beta of 1.30. The business has a fifty day simple moving average of $420.09 and a 200-day simple moving average of $438.41.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.00 by $0.29. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same period in the previous year, the company earned $4.40 earnings per share. The company's revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, research analysts anticipate that Lululemon Athletica will post 14.15 earnings per share for the current year.

Insider Buying and Selling at Lululemon Athletica

In related news, Director Martha A. M. Morfitt purchased 700 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of $389.29 per share, with a total value of $272,503.00. Following the completion of the acquisition, the director now owns 500 shares of the company's stock, valued at $194,645. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Lululemon Athletica by 32.3% during the 4th quarter. Vanguard Group Inc. now owns 9,692,969 shares of the apparel retailer's stock valued at $4,955,918,000 after purchasing an additional 2,369,119 shares during the period. State Street Corp raised its stake in Lululemon Athletica by 0.7% during the 1st quarter. State Street Corp now owns 2,633,648 shares of the apparel retailer's stock valued at $959,144,000 after purchasing an additional 18,147 shares during the period. Morgan Stanley raised its stake in Lululemon Athletica by 29.2% during the 3rd quarter. Morgan Stanley now owns 1,934,683 shares of the apparel retailer's stock valued at $746,034,000 after purchasing an additional 437,069 shares during the period. Schroder Investment Management Group raised its stake in Lululemon Athletica by 20.0% during the 3rd quarter. Schroder Investment Management Group now owns 1,865,091 shares of the apparel retailer's stock valued at $719,198,000 after purchasing an additional 310,347 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Lululemon Athletica by 3.2% during the 1st quarter. Geode Capital Management LLC now owns 1,659,260 shares of the apparel retailer's stock valued at $603,418,000 after acquiring an additional 51,572 shares in the last quarter. Institutional investors 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.