lululemon athletica (NASDAQ:LULU) Sets New 1-Year Low – Here’s What Happened

lululemon athletica inc. (NASDAQ:LULUGet Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $127.80 and last traded at $130.21, with a volume of 3363948 shares. The stock had previously closed at $128.98.

lululemon athletica News Summary

Here are the key news stories impacting lululemon athletica this week:

Analyst Upgrades and Downgrades

LULU has been the topic of several analyst reports. Truist Financial decreased their price objective on lululemon athletica from $200.00 to $170.00 and set a “hold” rating on the stock in a report on Wednesday, March 18th. Citigroup decreased their price objective on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Robert W. Baird decreased their price objective on lululemon athletica from $210.00 to $190.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Wells Fargo & Company decreased their price objective on lululemon athletica from $175.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 18th. Finally, The Goldman Sachs Group decreased their price objective on lululemon athletica from $200.00 to $184.00 and set a “neutral” rating on the stock in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $205.34.

Get Our Latest Stock Analysis on lululemon athletica

lululemon athletica Trading Up 1.0%

The company has a market cap of $15.72 billion, a PE ratio of 9.79, a P/E/G ratio of 3.96 and a beta of 0.90. The business has a fifty day moving average of $160.99 and a 200-day moving average of $177.26.

lululemon athletica (NASDAQ:LULUGet Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.78 by $0.23. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business earned $6.14 EPS. lululemon athletica’s revenue was up .0% compared to the same quarter last year. As a group, research analysts predict that lululemon athletica inc. will post 12.31 EPS for the current year.

Insider Activity at lululemon athletica

In other lululemon athletica news, Director Charles V. Bergh purchased 6,090 shares of lululemon athletica stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of $164.20 per share, for a total transaction of $999,978.00. Following the acquisition, the director directly owned 6,090 shares in the company, valued at approximately $999,978. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andre Maestrini purchased 3,275 shares of lululemon athletica stock in a transaction that occurred on Wednesday, April 1st. The shares were acquired at an average price of $151.02 per share, for a total transaction of $494,590.50. Following the acquisition, the chief executive officer owned 34,551 shares in the company, valued at $5,217,892.02. This trade represents a 10.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is owned by company insiders.

Institutional Trading of lululemon athletica

Several large investors have recently bought and sold shares of the company. MGO One Seven LLC boosted its position in lululemon athletica by 4.5% during the 3rd quarter. MGO One Seven LLC now owns 1,340 shares of the apparel retailer’s stock valued at $238,000 after acquiring an additional 58 shares in the last quarter. Davis Investment Partners LLC boosted its position in lululemon athletica by 2.9% during the 4th quarter. Davis Investment Partners LLC now owns 2,064 shares of the apparel retailer’s stock valued at $435,000 after acquiring an additional 58 shares in the last quarter. Greenleaf Trust boosted its position in lululemon athletica by 2.7% during the 3rd quarter. Greenleaf Trust now owns 2,319 shares of the apparel retailer’s stock valued at $413,000 after acquiring an additional 62 shares in the last quarter. NorthRock Partners LLC boosted its position in lululemon athletica by 4.2% during the 3rd quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer’s stock valued at $276,000 after acquiring an additional 62 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp boosted its position in lululemon athletica by 4.3% during the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer’s stock valued at $242,000 after acquiring an additional 65 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

About lululemon athletica

(Get Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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