lululemon athletica’s (LULU) “Buy” Rating Reaffirmed at BTIG Research

lululemon athletica (NASDAQ:LULU)‘s stock had its “buy” rating reaffirmed by investment analysts at BTIG Research in a note issued to investors on Friday,Benzinga reports. They currently have a $225.00 price target on the apparel retailer’s stock. BTIG Research’s price objective points to a potential upside of 71.32% from the stock’s previous close.

LULU has been the subject of a number of other reports. The Goldman Sachs Group cut their price objective on lululemon athletica from $200.00 to $184.00 and set a “neutral” rating for the company in a report on Wednesday, March 11th. JPMorgan Chase & Co. cut their price objective on lululemon athletica from $196.00 to $173.00 in a report on Wednesday, May 6th. Bank of America cut their price objective on lululemon athletica from $220.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Weiss Ratings cut lululemon athletica from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, March 31st. Finally, BNP Paribas Exane cut their price objective on lululemon athletica from $206.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $201.66.

lululemon athletica Price Performance

Shares of NASDAQ:LULU opened at $131.33 on Friday. The company’s fifty day moving average price is $145.65 and its 200-day moving average price is $171.83. The firm has a market capitalization of $15.85 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 4.04 and a beta of 0.90. lululemon athletica has a one year low of $116.63 and a one year high of $340.25.

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

Insider Activity

In other news, insider Nicole Neuburger sold 622 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $161.00, for a total value of $100,142.00. Following the completion of the sale, the insider owned 19,156 shares of the company’s stock, valued at approximately $3,084,116. The trade was a 3.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andre Maestrini bought 3,275 shares of the stock in a transaction dated Wednesday, April 1st. The stock was bought at an average cost of $151.02 per share, with a total value of $494,590.50. Following the purchase, the chief executive officer owned 34,551 shares in the company, valued at $5,217,892.02. The trade was a 10.47% increase in their position. The SEC filing for this purchase provides additional information. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On lululemon athletica

Several institutional investors have recently added to or reduced their stakes in the company. Groupama Asset Managment boosted its position in lululemon athletica by 47.0% during the 1st quarter. Groupama Asset Managment now owns 1,751 shares of the apparel retailer’s stock valued at $268,000 after buying an additional 560 shares during the period. Essential Partners LLC boosted its position in lululemon athletica by 84,500.0% during the 1st quarter. Essential Partners LLC now owns 1,692 shares of the apparel retailer’s stock valued at $259,000 after buying an additional 1,690 shares during the period. Bank of America Corp DE boosted its position in lululemon athletica by 17.6% during the 1st quarter. Bank of America Corp DE now owns 846,381 shares of the apparel retailer’s stock valued at $129,581,000 after buying an additional 126,917 shares during the period. Edgestream Partners L.P. raised its position in lululemon athletica by 124.3% during the 1st quarter. Edgestream Partners L.P. now owns 52,511 shares of the apparel retailer’s stock valued at $8,039,000 after purchasing an additional 29,104 shares during the last quarter. Finally, Bull Harbor Capital LLC bought a new position in lululemon athletica during the 1st quarter valued at approximately $758,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

More lululemon athletica News

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

• Positive Sentiment: lululemon reached a cooperation agreement with founder Chip Wilson, ending a prolonged proxy fight and adding two of his preferred nominees plus another apparel-experienced director to the board. The truce reduces governance uncertainty ahead of the CEO transition and has been viewed as a stock-positive development. Article
• Positive Sentiment: Market reaction has been constructive to the settlement, with several reports noting a sharp move higher as investors welcomed the end of the founder feud and the prospect of a cleaner board structure. Article
• Neutral Sentiment: Options traders are pricing in a sizable post-earnings move of about 9.4% around the June 4 report, signaling that the stock could stay volatile as investors wait for fresh guidance and sales trends. Article
• Neutral Sentiment: Multiple earnings previews suggest Q1 results are likely to decline and may not deliver an easy beat, keeping attention on whether China, men’s, and digital growth can offset weak North America demand. Article
• Negative Sentiment: Analysts warn that softer North American demand and tariff pressures could squeeze margins, which is why some commentary remains cautious despite the board settlement. Article

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.