lululemon athletica (NASDAQ:LULU) Given Hold Rating at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of lululemon athletica (NASDAQ:LULU) in a research report sent to investors on Thursday, MarketBeat Ratings reports. Needham & Company LLC currently has a $192.00 price target on the apparel retailer’s stock.

A number of other analysts have also weighed in on the company. TD Securities cut their price objective on lululemon athletica from $298.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Hsbc Global Res downgraded lululemon athletica from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. Wells Fargo & Company reduced their price target on lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, September 5th. Bank of America lowered their price objective on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, September 12th. Finally, Sanford C. Bernstein cut their target price on shares of lululemon athletica from $350.00 to $220.00 and set an “outperform” rating on the stock in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $234.64.

lululemon athletica Stock Performance

Shares of LULU opened at $172.01 on Thursday. The company’s 50-day simple moving average is $193.13 and its 200-day simple moving average is $247.86. lululemon athletica has a 1 year low of $159.25 and a 1 year high of $423.32. The stock has a market capitalization of $20.40 billion, a PE ratio of 11.69, a P/E/G ratio of 11.19 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU) last announced 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 firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. On average, sell-side analysts predict that lululemon athletica will post 14.36 earnings per share for the current year.

Institutional Trading of lululemon athletica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in shares of lululemon athletica in the 4th quarter valued at $429,000. Mackenzie Financial Corp grew its holdings in shares of lululemon athletica by 23.3% during the fourth quarter. Mackenzie Financial Corp now owns 14,538 shares of the apparel retailer’s stock worth $5,559,000 after purchasing an additional 2,752 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of lululemon athletica by 6.3% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer’s stock worth $458,000 after purchasing an additional 71 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of lululemon athletica during the first quarter worth about $806,000. Finally, Versant Capital Management Inc lifted its holdings in shares of lululemon athletica by 122.4% in the 1st quarter. Versant Capital Management Inc now owns 407 shares of the apparel retailer’s stock valued at $115,000 after purchasing an additional 224 shares during 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.