lululemon athletica (NASDAQ:LULU) Hits New 52-Week Low on Analyst Downgrade

lululemon athletica inc. (NASDAQ:LULU) hit a new 52-week low on Friday after Oppenheimer downgraded the stock from an outperform rating to a market perform rating. The company traded as low as $165.73 and last traded at $171.35, with a volume of 2801060 shares. The stock had previously closed at $206.09.

Several other equities research analysts also recently issued reports on LULU. Evercore ISI reissued an “in-line” rating and set a $180.00 price objective (down previously from $265.00) on shares of lululemon athletica in a research report on Friday. Sanford C. Bernstein lowered their price objective on shares of lululemon athletica from $350.00 to $220.00 and set an “outperform” rating for the company in a research report on Friday. Morgan Stanley lowered their price objective on shares of lululemon athletica from $280.00 to $223.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 26th. BMO Capital Markets reduced their target price on shares of lululemon athletica from $302.00 to $250.00 and set a “market perform” rating for the company in a report on Friday, June 6th. Finally, The Goldman Sachs Group reduced their target price on shares of lululemon athletica from $232.00 to $200.00 and set a “neutral” rating for the company in a report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $245.79.

Insider Buying and Selling

In other news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer directly owned 110,564 shares of the company’s stock, valued at $26,058,829.16. This represents 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 this link. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On lululemon athletica

Hedge funds have recently bought and sold shares of the business. N.E.W. Advisory Services LLC bought a new position in lululemon athletica during the first quarter worth about $25,000. Cornerstone Planning Group LLC increased its position in lululemon athletica by 506.3% during the first quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 81 shares during the period. Flaharty Asset Management LLC bought a new position in lululemon athletica during the first quarter worth about $29,000. Blue Trust Inc. increased its holdings in lululemon athletica by 96.8% in the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 61 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new position in lululemon athletica in the 2nd quarter valued at about $30,000. 85.20% of the stock is owned by institutional investors.

lululemon athletica Stock Performance

The stock has a market capitalization of $20.11 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.12. The firm’s fifty day simple moving average is $212.64 and its 200 day simple moving average is $266.09.

lululemon athletica (NASDAQ:LULU) last released its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.52%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the firm earned $3.15 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Analysts anticipate that lululemon athletica inc. will post 14.36 earnings per share for the current fiscal year.

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.