lululemon athletica (NASDAQ:LULU) Price Target Lowered to $120.00 at Jefferies Financial Group

lululemon athletica (NASDAQ:LULU) had its price objective reduced by Jefferies Financial Group from $150.00 to $120.00 in a report issued on Monday morning, Marketbeat reports. Jefferies Financial Group currently has an underperform rating on the apparel retailer’s stock.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of lululemon athletica from $224.00 to $191.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Wells Fargo & Company decreased their price target on shares of lululemon athletica from $205.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, September 5th. TD Securities lowered their price objective on shares of lululemon athletica from $298.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, September 5th. Zacks Research cut shares of lululemon athletica from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th. Finally, Sanford C. Bernstein decreased their target price on lululemon athletica from $350.00 to $220.00 and set an “outperform” rating for the company in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $232.29.

lululemon athletica Stock Down 0.8%

Shares of NASDAQ LULU opened at $174.12 on Monday. The stock’s 50 day moving average price is $186.79 and its two-hundred day moving average price is $239.82. lululemon athletica has a 52-week low of $159.25 and a 52-week high of $423.32. The stock has a market capitalization of $20.65 billion, a P/E ratio of 11.84, a PEG ratio of 10.98 and a beta of 1.07.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS 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 analyst estimates of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.15 EPS. 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, analysts anticipate that lululemon athletica will post 14.36 EPS for the current year.

Insider Buying and Selling at lululemon athletica

In other news, insider Nicole Neuburger sold 615 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

Institutional Trading of lululemon athletica

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of lululemon athletica in the second quarter worth $217,344,000. T. Rowe Price Investment Management Inc. lifted its holdings in lululemon athletica by 151.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock worth $218,052,000 after purchasing an additional 464,186 shares during the period. Nuveen LLC acquired a new stake in lululemon athletica in the first quarter worth about $123,894,000. Geode Capital Management LLC grew its position in lululemon athletica by 16.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock valued at $700,502,000 after buying an additional 413,062 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in lululemon athletica by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 4,792,294 shares of the apparel retailer’s stock valued at $1,356,507,000 after buying an additional 394,706 shares in the last quarter. Institutional investors 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.