Sanford C. Bernstein Cuts Lululemon Athletica (NASDAQ:LULU) Price Target to $384.00

Lululemon Athletica (NASDAQ:LULU - Get Free Report) had its price target dropped by analysts at Sanford C. Bernstein from $430.00 to $384.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a "market perform" rating on the apparel retailer's stock. Sanford C. Bernstein's price objective would indicate a potential upside of 5.29% from the company's current price.

Several other brokerages have also issued reports on LULU. JPMorgan Chase & Co. dropped their target price on shares of Lululemon Athletica from $531.00 to $509.00 and set an "overweight" rating for the company in a research report on Friday, March 22nd. Wells Fargo & Company dropped their target price on shares of Lululemon Athletica from $450.00 to $425.00 and set an "equal weight" rating for the company in a research report on Friday, March 22nd. Jefferies Financial Group lowered their price objective on shares of Lululemon Athletica from $300.00 to $240.00 and set an "underperform" rating for the company in a report on Thursday, April 4th. Morgan Stanley lowered their price objective on shares of Lululemon Athletica from $539.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, March 22nd. Finally, Wedbush lowered their price objective on shares of Lululemon Athletica from $548.00 to $492.00 and set an "outperform" rating for the company in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $481.96.

Lululemon Athletica Price Performance

Shares of LULU traded up $4.70 during trading hours on Friday, hitting $364.70. The company's stock had a trading volume of 1,232,710 shares, compared to its average volume of 1,773,002. The company has a market cap of $45.96 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 1.29 and a beta of 1.30. The business has a 50 day simple moving average of $410.57 and a two-hundred day simple moving average of $438.25. Lululemon Athletica has a 52-week low of $326.93 and a 52-week high of $516.39.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last released its quarterly earnings data on Thursday, March 21st. The apparel retailer reported $5.29 EPS for the quarter, beating analysts' consensus estimates of $5.00 by $0.29. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period last year, the business earned $4.40 earnings per share. Lululemon Athletica's revenue was up 15.6% compared to the same quarter last year. Research analysts predict 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 firm's stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost 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 approximately $194,645. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of Lululemon Athletica

Large investors have recently made changes to their positions in the company. DAVENPORT & Co LLC lifted its stake in shares of Lululemon Athletica by 11.1% in the 3rd quarter. DAVENPORT & Co LLC now owns 1,921 shares of the apparel retailer's stock valued at $741,000 after purchasing an additional 192 shares during the last quarter. Caprock Group LLC grew its stake in Lululemon Athletica by 44.4% during the 3rd quarter. Caprock Group LLC now owns 995 shares of the apparel retailer's stock worth $384,000 after buying an additional 306 shares during the last quarter. Oak Thistle LLC grew its stake in Lululemon Athletica by 4.4% during the 3rd quarter. Oak Thistle LLC now owns 1,031 shares of the apparel retailer's stock worth $398,000 after buying an additional 43 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Lululemon Athletica during the 3rd quarter worth approximately $208,000. Finally, Cannon Global Investment Management LLC acquired a new stake in Lululemon Athletica during the 3rd quarter worth approximately $925,000. 85.20% of the stock is currently 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.