JPMorgan Chase & Co. Cuts lululemon athletica (NASDAQ:LULU) Price Target to $173.00

lululemon athletica (NASDAQ:LULU) had its price objective trimmed by JPMorgan Chase & Co. from $196.00 to $173.00 in a report published on Wednesday,MarketScreener reports.

A number of other brokerages also recently issued reports on LULU. Weiss Ratings downgraded shares of lululemon athletica from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 31st. Jefferies Financial Group reduced their price objective on shares of lululemon athletica from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Stifel Nicolaus reduced their price objective on shares of lululemon athletica from $210.00 to $176.00 and set a “hold” rating on the stock in a research note on Wednesday, March 18th. Truist Financial reduced their price objective on shares of lululemon athletica from $200.00 to $170.00 and set a “hold” rating on the stock in a research note on Wednesday, March 18th. Finally, Citigroup reduced their price objective on shares of lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, twenty-eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $203.80.

lululemon athletica Stock Performance

LULU stock opened at $131.18 on Wednesday. The company’s 50-day simple moving average is $159.15 and its 200 day simple moving average is $176.79. lululemon athletica has a 52 week low of $127.80 and a 52 week high of $340.25. The company has a market capitalization of $15.83 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 4.11 and a beta of 0.90.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 earnings per share (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 the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $6.14 earnings per share. On average, analysts forecast that lululemon athletica will post 12.3 EPS for the current year.

Insider Transactions at lululemon athletica

In related news, CEO Andre Maestrini bought 3,275 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was purchased at an average price of $151.02 per share, with a total value 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 $5,217,892.02. The trade was a 10.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles V. Bergh bought 6,090 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $164.20 per share, with a total value of $999,978.00. Following the acquisition, the director directly owned 6,090 shares of the company’s stock, valued at approximately $999,978. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LULU. Cornerstone Planning Group LLC lifted its holdings in shares of lululemon athletica by 81.9% in the third quarter. Cornerstone Planning Group LLC now owns 151 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 68 shares during the last quarter. Integrated Financial Solutions Inc. bought a new position in lululemon athletica in the 4th quarter valued at approximately $26,000. Uniplan Investment Counsel Inc. bought a new position in lululemon athletica in the 4th quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp raised its holdings in lululemon athletica by 187.5% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 161 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 105 shares during the last quarter. Finally, GoalVest Advisory LLC bought a new position in lululemon athletica in the 4th quarter valued at approximately $27,000. 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.