lululemon athletica (NASDAQ:LULU) Price Target Cut to $220.00 by Analysts at Citigroup

lululemon athletica (NASDAQ:LULU) had its price target decreased by Citigroup from $270.00 to $220.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the apparel retailer’s stock.

A number of other analysts have also commented on the company. TD Securities dropped their price target on lululemon athletica from $321.00 to $298.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Robert W. Baird dropped their price target on lululemon athletica from $340.00 to $260.00 and set an “outperform” rating on the stock in a report on Monday, August 11th. Wells Fargo & Company dropped their price target on lululemon athletica from $225.00 to $205.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 19th. Needham & Company LLC dropped their price target on lululemon athletica from $366.00 to $317.00 and set a “buy” rating on the stock in a report on Friday, June 6th. Finally, BMO Capital Markets dropped their price target on lululemon athletica from $302.00 to $250.00 and set a “market perform” rating on the stock in a report on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $309.75.

lululemon athletica Trading Up 1.5%

Shares of lululemon athletica stock opened at $205.57 on Wednesday. The business’s fifty day simple moving average is $217.25 and its 200 day simple moving average is $275.10. The firm has a market capitalization of $24.64 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.74 and a beta of 1.16. lululemon athletica has a 12 month low of $185.95 and a 12 month high of $423.32.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting analysts’ consensus estimates of $2.60. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.lululemon athletica’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $2.54 earnings per share. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. Analysts predict that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insider Activity

In other news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the transaction, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On lululemon athletica

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of lululemon athletica by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,266,929 shares of the apparel retailer’s stock valued at $3,755,337,000 after purchasing an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of lululemon athletica by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,010,908 shares of the apparel retailer’s stock valued at $1,418,389,000 after purchasing an additional 162,295 shares in the last quarter. Alliancebernstein L.P. grew its position in shares of lululemon athletica by 9.0% in the first quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after purchasing an additional 394,706 shares in the last quarter. Geode Capital Management LLC grew its position in shares of lululemon athletica by 16.2% in the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after purchasing an additional 413,062 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of lululemon athletica by 23.3% in the second quarter. Invesco Ltd. now owns 1,710,425 shares of the apparel retailer’s stock valued at $406,363,000 after purchasing an additional 322,816 shares in the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.