lululemon athletica (NASDAQ:LULU) Sets New 12-Month Low – Should You Sell?

Shares of lululemon athletica inc. (NASDAQ:LULU) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $118.38 and last traded at $121.2610, with a volume of 367462 shares. The stock had previously closed at $119.14.

Key Headlines Impacting lululemon athletica

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

• Positive Sentiment: lululemon highlighted its refreshed board and argued that its director nominees are better positioned to drive growth and improve shareholder value. lululemon Highlights Strength of its Refreshed Board
• Positive Sentiment: The company is taking a firm stance in the proxy fight, telling shareholders to reject Chip Wilson’s board slate and back lululemon’s turnaround strategy. Lululemon Urges Shareholders to Reject Chip Wilson’s Proxy Fight
• Neutral Sentiment: Definitive proxy materials have been filed, and shareholders of record as of April 30 will vote at the annual meeting on June 25. lululemon Highlights Strength of its Refreshed Board
• Negative Sentiment: The proxy fight itself signals continued internal conflict and uncertainty, with settlement talks reportedly collapsing after Wilson pushed for board seats and reimbursement, which could distract management. Lululemon rejects Chip Wilson board nominees ahead of annual meeting

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup lowered their price target on shares of lululemon athletica from $210.00 to $185.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Truist Financial decreased their price target 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. Bank of America dropped their price target on lululemon athletica from $220.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Robert W. Baird reduced their price target on shares of lululemon athletica from $190.00 to $170.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Finally, Telsey Advisory Group dropped their target price on shares of lululemon athletica from $215.00 to $175.00 and set a “market perform” rating for the company in a 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 issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, lululemon athletica currently has a consensus rating of “Hold” and a consensus target price of $203.80.

lululemon athletica Price Performance

The company has a market cap of $14.52 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 3.66 and a beta of 0.90. The firm’s 50 day simple moving average is $152.48 and its 200-day simple moving average is $174.49.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, beating 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 firm’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $6.14 EPS. On average, analysts forecast that lululemon athletica inc. will post 12.3 EPS for the current year.

Insider Transactions at lululemon athletica

In other news, insider Nicole Neuburger sold 622 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were 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 of the company’s stock, valued at $3,084,116. The trade was a 3.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andre Maestrini bought 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 directly owned 34,551 shares in the company, valued at approximately $5,217,892.02. This represents a 10.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On lululemon athletica

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in shares of lululemon athletica by 2,184.8% in the 1st quarter. Empowered Funds LLC now owns 66,876 shares of the apparel retailer’s stock valued at $10,239,000 after purchasing an additional 63,949 shares in the last quarter. Delta Global Management LP bought a new position in shares of lululemon athletica in the first quarter valued at approximately $2,078,000. OMERS ADMINISTRATION Corp boosted its holdings in shares of lululemon athletica by 224.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 13,344 shares of the apparel retailer’s stock valued at $2,043,000 after acquiring an additional 9,231 shares in the last quarter. Waverly Advisors LLC acquired a new stake in lululemon athletica during the first quarter valued at approximately $450,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in lululemon athletica by 55.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,705 shares of the apparel retailer’s stock valued at $1,027,000 after purchasing an additional 2,388 shares during the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

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.