lululemon athletica (NASDAQ:LULU) Given New $260.00 Price Target at Robert W. Baird

lululemon athletica (NASDAQ:LULU) had its target price lowered by analysts at Robert W. Baird from $340.00 to $260.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the apparel retailer’s stock. Robert W. Baird’s price objective would indicate a potential upside of 34.76% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. UBS Group cut their price objective on lululemon athletica from $330.00 to $290.00 and set a “neutral” rating for the company in a research report on Friday, June 6th. Needham & Company LLC decreased their target price on lululemon athletica from $366.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, June 6th. TD Securities upped their target price on lululemon athletica from $370.00 to $373.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $385.00 price target on shares of lululemon athletica in a research report on Monday, June 2nd. Finally, JPMorgan Chase & Co. cut lululemon athletica from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $303.00 to $224.00 in a research note on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, lululemon athletica has an average rating of “Moderate Buy” and a consensus price target of $327.15.

lululemon athletica Trading Up 3.5%

Shares of NASDAQ LULU opened at $192.93 on Monday. lululemon athletica has a twelve month low of $185.95 and a twelve month high of $423.32. The firm has a 50-day moving average of $230.90 and a two-hundred day moving average of $290.19. The company has a market capitalization of $23.12 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.59 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS 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 business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm earned $2.54 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts predict that lululemon athletica will post 14.36 earnings per share for the current year.

Insider Activity at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares in the company, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Institutional Trading of lululemon athletica

Several large investors have recently added to or reduced their stakes in LULU. Dnca Finance increased its holdings in shares of lululemon athletica by 15.1% during the 4th quarter. Dnca Finance now owns 198 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 26 shares during the last quarter. Lido Advisors LLC boosted its position in lululemon athletica by 1.9% during the fourth quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer’s stock worth $668,000 after purchasing an additional 32 shares during the period. Belpointe Asset Management LLC grew its holdings in lululemon athletica by 0.6% during the fourth quarter. Belpointe Asset Management LLC now owns 6,138 shares of the apparel retailer’s stock valued at $2,347,000 after purchasing an additional 36 shares during the last quarter. Colonial Trust Co SC raised its position in shares of lululemon athletica by 2.1% in the fourth quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer’s stock valued at $664,000 after purchasing an additional 36 shares during the period. Finally, Manhattan West Asset Management LLC lifted its stake in shares of lululemon athletica by 5.4% in the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer’s stock worth $205,000 after buying an additional 37 shares during the last quarter. 85.20% of the stock is owned by 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.