Robert W. Baird Issues Pessimistic Forecast for lululemon athletica (NASDAQ:LULU) Stock Price

lululemon athletica (NASDAQ:LULU) had its price target reduced by Robert W. Baird from $190.00 to $170.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Robert W. Baird’s target price would suggest a potential upside of 29.59% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Telsey Advisory Group dropped their price objective on lululemon athletica from $215.00 to $175.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 18th. Weiss Ratings lowered shares of lululemon athletica from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of lululemon athletica in a report on Thursday, January 8th. They issued a “hold” rating for the company. UBS Group cut their price target on shares of lululemon athletica from $189.00 to $176.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Finally, BNP Paribas Exane reduced their price objective on shares of lululemon athletica from $206.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. One 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 stock has a consensus rating of “Hold” and a consensus price target of $203.80.

lululemon athletica Stock Performance

LULU stock opened at $131.18 on Thursday. The business has a 50-day simple moving average of $159.15 and a two-hundred day simple moving average of $176.79. The company has a market capitalization of $15.83 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 4.11 and a beta of 0.90. lululemon athletica has a 52-week low of $127.80 and a 52-week high of $340.25.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 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 the consensus estimate of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $6.14 earnings per share. As a group, sell-side analysts forecast that lululemon athletica will post 12.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andre Maestrini acquired 3,275 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average price of $151.02 per share, for a total transaction of $494,590.50. Following the completion of the acquisition, the chief executive officer owned 34,551 shares of the company’s stock, valued at approximately $5,217,892.02. This represents a 10.47% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicole Neuburger sold 622 shares of lululemon athletica stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $161.00, for a total transaction of $100,142.00. Following the completion of the sale, the insider directly owned 19,156 shares in the company, valued at approximately $3,084,116. This represents a 3.14% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On lululemon athletica

Several large investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC lifted its stake in lululemon athletica by 81.9% in the third 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. Integrated Financial Solutions Inc. bought a new position in lululemon athletica during the fourth quarter valued at $26,000. Uniplan Investment Counsel Inc. purchased a new stake in lululemon athletica in the fourth quarter worth $26,000. Murphy & Mullick Capital Management Corp increased its position in lululemon athletica by 187.5% in the third quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock worth $27,000 after buying an additional 105 shares during the last quarter. Finally, GoalVest Advisory LLC bought a new stake in shares of lululemon athletica in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

lululemon athletica Company Profile

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.