lululemon athletica (NASDAQ:LULU) Cut to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein cut shares of lululemon athletica (NASDAQ:LULU) from an outperform rating to a market perform rating in a research note issued to investors on Thursday morning, MarketBeat.com reports. They currently have $190.00 target price on the apparel retailer’s stock.

A number of other research analysts have also recently issued reports on LULU. Evercore ISI reiterated an “in-line” rating and set a $180.00 price objective (down previously from $265.00) on shares of lululemon athletica in a research note on Friday, September 5th. Weiss Ratings restated a “sell (d+)” rating on shares of lululemon athletica in a report on Wednesday, October 8th. Jefferies Financial Group dropped their price target on shares of lululemon athletica from $150.00 to $120.00 and set an “underperform” rating on the stock in a research note on Monday, October 6th. Dbs Bank cut their price objective on shares of lululemon athletica from $165.00 to $134.00 in a research report on Friday, September 19th. Finally, Robert W. Baird restated a “neutral” rating and set a $195.00 price objective (down from $225.00) on shares of lululemon athletica in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $231.26.

lululemon athletica Price Performance

Shares of NASDAQ LULU opened at $167.41 on Thursday. lululemon athletica has a 1 year low of $159.25 and a 1 year high of $423.32. The firm has a 50-day moving average of $181.67 and a 200 day moving average of $231.47. The stock has a market cap of $19.85 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 10.46 and a beta of 1.07.

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, topping analysts’ consensus estimates of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the company earned $3.15 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Research analysts expect that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insider Activity 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 shares were 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 of the company’s stock, valued at $1,600,754. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On lululemon athletica

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in shares of lululemon athletica during the 4th quarter valued at $429,000. GAMMA Investing LLC lifted its holdings in lululemon athletica by 31.3% in the first quarter. GAMMA Investing LLC now owns 1,989 shares of the apparel retailer’s stock valued at $563,000 after acquiring an additional 474 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in lululemon athletica by 22.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,953 shares of the apparel retailer’s stock worth $2,817,000 after purchasing an additional 1,855 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of lululemon athletica by 300.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 3,858 shares of the apparel retailer’s stock valued at $1,092,000 after purchasing an additional 2,895 shares during the period. Finally, Sowell Financial Services LLC purchased a new stake in shares of lululemon athletica during the 1st quarter valued at about $805,000. Hedge funds and other 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.