lululemon athletica (NASDAQ:LULU) Downgraded to Sector Weight Rating by KeyCorp

KeyCorp downgraded shares of lululemon athletica (NASDAQ:LULU) from an overweight rating to a sector weight rating in a research note published on Tuesday morning, MarketBeat.com reports.

Other analysts also recently issued reports about the company. UBS Group reduced their price target on lululemon athletica from $240.00 to $185.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Bank of America reissued a “neutral” rating and set a $210.00 target price (down previously from $300.00) on shares of lululemon athletica in a report on Friday, September 5th. JPMorgan Chase & Co. decreased their price target on shares of lululemon athletica from $224.00 to $191.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. TD Securities lowered their price target on shares of lululemon athletica from $298.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Finally, Wells Fargo & Company dropped their price objective on shares of lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, lululemon athletica presently has an average rating of “Hold” and a consensus price target of $245.79.

lululemon athletica Stock Performance

Shares of LULU stock opened at $165.69 on Tuesday. lululemon athletica has a 52 week low of $162.80 and a 52 week high of $423.32. The company has a market capitalization of $19.86 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 6.93 and a beta of 1.12. The company has a 50-day simple moving average of $209.66 and a 200 day simple moving average of $262.67.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share 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 42.05%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the firm earned $3.15 EPS. The business’s revenue was up 6.5% on a year-over-year basis. 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 forecast that lululemon athletica will post 14.36 EPS for the current year.

Insider Buying and Selling

In other news, CEO Calvin Mcdonald sold 27,049 shares of the business’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of lululemon athletica

Several large investors have recently made changes to their positions in LULU. N.E.W. Advisory Services LLC acquired a new position in lululemon athletica during the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its holdings in shares of lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer’s stock worth $26,000 after buying an additional 81 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in shares of lululemon athletica during the 1st quarter worth $29,000. Zions Bancorporation National Association UT bought a new stake in shares of lululemon athletica during the 1st quarter worth $31,000. Finally, Blue Trust Inc. boosted its stake in lululemon athletica by 96.8% in the second quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

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.