Needham & Company LLC Issues Pessimistic Forecast for lululemon athletica (NASDAQ:LULU) Stock Price

lululemon athletica (NASDAQ:LULU) had its price target dropped by research analysts at Needham & Company LLC from $317.00 to $238.00 in a report issued on Friday, Marketbeat reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. Needham & Company LLC’s target price points to a potential upside of 17.71% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. cut lululemon athletica from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $303.00 to $224.00 in a report on Tuesday, July 22nd. Jefferies Financial Group reduced their target price on lululemon athletica from $220.00 to $200.00 and set an “underperform” rating for the company in a report on Friday, June 6th. BMO Capital Markets reduced their target price on lululemon athletica from $302.00 to $250.00 and set a “market perform” rating for the company in a report on Friday, June 6th. UBS Group reduced their target price on lululemon athletica from $290.00 to $240.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Finally, Robert W. Baird reduced their target price on lululemon athletica from $340.00 to $260.00 and set an “outperform” rating for the company in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $305.75.

lululemon athletica Trading Down 1.4%

NASDAQ LULU opened at $202.20 on Friday. The stock has a market capitalization of $24.23 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.74 and a beta of 1.16. lululemon athletica has a twelve month low of $185.95 and a twelve month high of $423.32. The stock has a 50-day moving average of $216.27 and a 200 day moving average of $271.56.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.60. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted $2.54 EPS. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. Equities analysts predict that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction that occurred 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. This represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of lululemon athletica during the fourth quarter worth $429,000. Fourth Dimension Wealth LLC purchased a new position in shares of lululemon athletica during the fourth quarter worth $61,000. Lido Advisors LLC boosted its position in shares of lululemon athletica by 1.9% during the fourth quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer’s stock worth $668,000 after buying an additional 32 shares during the period. AQR Capital Management LLC boosted its position in shares of lululemon athletica by 75.8% during the fourth quarter. AQR Capital Management LLC now owns 142,583 shares of the apparel retailer’s stock worth $54,496,000 after buying an additional 61,460 shares during the period. Finally, Bwcp LP boosted its position in shares of lululemon athletica by 2.3% during the fourth quarter. Bwcp LP now owns 62,262 shares of the apparel retailer’s stock worth $23,810,000 after buying an additional 1,380 shares during the period. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

About lululemon athletica

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.