lululemon athletica (NASDAQ:LULU) Price Target Cut to $185.00 by Analysts at Morgan Stanley

lululemon athletica (NASDAQ:LULU) had its price objective lowered by Morgan Stanley from $223.00 to $185.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the apparel retailer’s stock.

Several other brokerages have also weighed in on LULU. KeyCorp lowered lululemon athletica from an “overweight” rating to a “sector weight” rating in a report on Tuesday, September 9th. Baird R W downgraded lululemon athletica from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. William Blair downgraded lululemon athletica from an “outperform” rating to a “market perform” rating in a research report on Friday, September 5th. Citigroup cut their target price on lululemon athletica from $220.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Finally, Hsbc Global Res cut lululemon athletica from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twenty-six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $233.33.

lululemon athletica Price Performance

NASDAQ LULU opened at $177.93 on Tuesday. lululemon athletica has a 1-year low of $159.25 and a 1-year high of $423.32. The company has a market capitalization of $21.10 billion, a P/E ratio of 12.10, a PEG ratio of 11.19 and a beta of 1.12. The business has a 50 day moving average price of $190.26 and a 200 day moving average price of $244.56.

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, topping the consensus estimate of $2.86 by $0.24. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.lululemon athletica’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last 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, research analysts expect that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On lululemon athletica

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sandler Capital Management acquired a new stake in lululemon athletica in the first quarter worth $484,000. Twin Capital Management Inc. raised its holdings in shares of lululemon athletica by 58.3% during the first quarter. Twin Capital Management Inc. now owns 3,676 shares of the apparel retailer’s stock worth $1,041,000 after acquiring an additional 1,354 shares during the period. Narwhal Capital Management raised its holdings in shares of lululemon athletica by 262.7% during the first quarter. Narwhal Capital Management now owns 18,777 shares of the apparel retailer’s stock worth $5,315,000 after acquiring an additional 13,600 shares during the period. Sawgrass Asset Management LLC acquired a new stake in shares of lululemon athletica during the first quarter worth $9,209,000. Finally, WealthPlan Investment Management LLC raised its holdings in shares of lululemon athletica by 26.9% during the first quarter. WealthPlan Investment Management LLC now owns 7,647 shares of the apparel retailer’s stock worth $2,165,000 after acquiring an additional 1,622 shares during the period. 85.20% of the stock is owned by 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.