lululemon athletica (NASDAQ:LULU) Shares Down 1.4% After Analyst Downgrade

lululemon athletica inc. (NASDAQ:LULU)’s share price fell 1.4% during mid-day trading on Tuesday after KeyCorp downgraded the stock from an overweight rating to a sector weight rating. The company traded as low as $165.52 and last traded at $165.69. 2,880,815 shares changed hands during trading, a decline of 5% from the average session volume of 3,044,448 shares. The stock had previously closed at $168.10.

A number of other equities research analysts have also recently weighed in on LULU. Piper Sandler dropped their price target on lululemon athletica from $200.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Wells Fargo & Company dropped their price target on lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. Morgan Stanley lowered their price objective on lululemon athletica from $280.00 to $223.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 26th. BTIG Research lowered their price objective on lululemon athletica from $375.00 to $303.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Finally, William Blair cut lululemon athletica from an “outperform” rating to a “market perform” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $245.79.

Insiders Place Their Bets

In related news, CEO Calvin Mcdonald sold 27,049 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 110,564 shares of the company’s stock, valued at $26,058,829.16. This trade represents a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

Institutional Trading of lululemon athletica

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in 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 buying an additional 157,764 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of lululemon athletica by 3.3% during 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. boosted its stake in shares of lululemon athletica by 9.0% during 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 boosted its stake in shares of lululemon athletica by 16.2% during 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. boosted its stake in shares of lululemon athletica by 23.3% during 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 owned by institutional investors and hedge funds.

lululemon athletica Stock Down 1.4%

The stock has a 50 day moving average price of $209.66 and a 200 day moving average price of $262.67. The stock has a market capitalization of $19.86 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 6.93 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.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 posted $3.15 earnings per share. The business’s revenue for the quarter 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 inc. will post 14.36 earnings per share for the current fiscal year.

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.