JPMorgan Chase & Co. Cuts lululemon athletica (NASDAQ:LULU) Price Target to $191.00

lululemon athletica (NASDAQ:LULU) had its price target lowered by JPMorgan Chase & Co. from $224.00 to $191.00 in a research report released on Friday, MarketBeat reports. The firm currently has a neutral rating on the apparel retailer’s stock.

A number of other research analysts also recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday. UBS Group lowered their price objective on shares of lululemon athletica from $240.00 to $185.00 and set a “neutral” rating on the stock in a research report on Friday. Needham & Company LLC reduced their target price on shares of lululemon athletica from $238.00 to $192.00 and set a “buy” rating for the company in a report on Friday. William Blair cut shares of lululemon athletica from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, CICC Research reaffirmed a “market perform” rating and set a $280.49 target price on shares of lululemon athletica in a report on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, lululemon athletica presently has a consensus rating of “Hold” and an average price target of $245.79.

lululemon athletica Stock Down 18.6%

Shares of lululemon athletica stock opened at $167.80 on Friday. The company has a market cap of $20.11 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12. The company’s 50 day moving average is $212.64 and its 200 day moving average is $264.68. lululemon athletica has a twelve month low of $163.98 and a twelve month high of $423.32.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.24. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.15 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Sell-side analysts expect 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 the stock in a transaction on 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 completion of the sale, 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 SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of lululemon athletica

A number of hedge funds and other institutional investors have recently modified their holdings of LULU. Brighton Jones LLC purchased a new stake in shares of lululemon athletica in the fourth quarter worth $429,000. Fourth Dimension Wealth LLC purchased a new stake in shares of lululemon athletica in the fourth quarter worth $61,000. CoreCap Advisors LLC increased its stake in shares of lululemon athletica by 43.5% in the fourth quarter. CoreCap Advisors LLC now owns 254 shares of the apparel retailer’s stock worth $97,000 after purchasing an additional 77 shares in the last quarter. Fiduciary Trust Co increased its stake in shares of lululemon athletica by 4.4% in the fourth quarter. Fiduciary Trust Co now owns 5,916 shares of the apparel retailer’s stock worth $2,262,000 after purchasing an additional 252 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in shares of lululemon athletica by 75.9% in the fourth quarter. Focus Partners Wealth now owns 4,229 shares of the apparel retailer’s stock worth $1,627,000 after purchasing an additional 1,825 shares in the last quarter. 85.20% of the stock is 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.