lululemon athletica (NASDAQ:LULU) Given New $170.00 Price Target at Sanford C. Bernstein

lululemon athletica (NASDAQ:LULU) had its target price lowered by Sanford C. Bernstein from $180.00 to $170.00 in a research report report published on Wednesday morning,MarketScreener reports. The brokerage currently has a market perform rating on the apparel retailer’s stock.

LULU has been the topic of several other research reports. Jefferies Financial Group cut their price target on lululemon athletica from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Truist Financial cut their price target on lululemon athletica from $200.00 to $170.00 and set a “hold” rating on the stock in a research note on Wednesday, March 18th. BTIG Research restated a “buy” rating and issued a $225.00 price target on shares of lululemon athletica in a research note on Friday, May 29th. Evercore cut their price target on lululemon athletica from $175.00 to $130.00 in a research note on Wednesday. Finally, Weiss Ratings downgraded lululemon athletica from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, lululemon athletica has a consensus rating of “Hold” and an average price target of $197.09.

lululemon athletica Stock Performance

Shares of NASDAQ:LULU opened at $126.03 on Wednesday. lululemon athletica has a 52-week low of $116.63 and a 52-week high of $339.15. The firm has a market capitalization of $15.21 billion, a P/E ratio of 9.48, a P/E/G ratio of 3.90 and a beta of 0.87. The stock has a 50 day moving average price of $142.80 and a 200-day moving average price of $170.67.

lululemon athletica (NASDAQ:LULU) last announced its earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.78 by $0.23. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.14 EPS. On average, equities analysts forecast that lululemon athletica will post 12.26 EPS for the current fiscal year.

Insider Buying and Selling at lululemon athletica

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

Institutional Trading of lululemon athletica

Institutional investors have recently added to or reduced their stakes in the business. Uniplan Investment Counsel Inc. purchased a new stake in lululemon athletica during the 4th quarter valued at $26,000. Integrated Financial Solutions Inc. purchased a new stake in lululemon athletica during the 4th quarter valued at $26,000. GoalVest Advisory LLC purchased a new stake in lululemon athletica during the 4th quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in lululemon athletica during the 4th quarter valued at $31,000. Finally, Cornerstone Planning Group LLC boosted its stake in lululemon athletica by 81.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 68 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica News Summary

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

• Positive Sentiment: Lululemon reached a settlement with its founder and major shareholder, which could remove an overhang and reduce uncertainty for investors. Massive News for Lululemon Stock Investors
• Positive Sentiment: Some recent coverage framed the stock as potentially undervalued after its steep drop, suggesting investors are beginning to reassess whether the selloff has gone too far. Is It Time To Reassess lululemon athletica (LULU) After A 62% One Year Share Price Fall
• Neutral Sentiment: Analysts are focused on Thursday’s earnings report, which will be the next major catalyst for the stock and likely determine whether sentiment improves or worsens. Lululemon Earnings: What To Look For From LULU
• Negative Sentiment: Sanford C. Bernstein cut its price target to $170 from $180 and kept a market perform rating, signaling only limited upside from current levels. Bernstein adjusts price target on Lululemon Athletica to 170 from 180
• Negative Sentiment: Evercore also lowered its target sharply to $130 from $175, reinforcing concerns that analysts see slower near-term performance and only modest upside. Evercore adjusts price target on Lululemon Athletica to 130 from 175
• Negative Sentiment: UBS initiated/issued a hold rating, adding to the broader wave of cautious analyst commentary around LULU. UBS Releases a Hold Rating on Lululemon Athletica (LULU)
• Negative Sentiment: One article highlighted the stock’s steep one-year decline, underscoring persistent investor concerns about valuation, growth, and momentum. Is It Time To Reassess lululemon athletica (LULU) After A 62% One Year Share Price Fall

About lululemon athletica

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.