Analysts’ Recent Ratings Changes for Lululemon Athletica (LULU)

Lululemon Athletica (NASDAQ: LULU) has recently received a number of price target changes and ratings updates:

• 7/26/2024 – Lululemon Athletica had its price target lowered by analysts at Evercore ISI from $400.00 to $300.00. They now have an “outperform” rating on the stock.
• 7/26/2024 – Lululemon Athletica had its price target lowered by analysts at Truist Financial Co. from $415.00 to $310.00. They now have a “buy” rating on the stock.
• 7/25/2024 – Lululemon Athletica had its “underperform” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $220.00 price target on the stock.
• 7/25/2024 – Lululemon Athletica had its price target lowered by analysts at JPMorgan Chase & Co. from $457.00 to $338.00. They now have an “overweight” rating on the stock.
• 7/25/2024 – Lululemon Athletica had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $470.00 price target on the stock.
• 7/25/2024 – Lululemon Athletica was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $300.00 price target on the stock, down previously from $415.00.
• 7/25/2024 – Lululemon Athletica had its price target lowered by analysts at TD Cowen from $447.00 to $420.00. They now have a “buy” rating on the stock.
• 7/10/2024 – Lululemon Athletica had its price target lowered by analysts at Jefferies Financial Group Inc. from $240.00 to $220.00. They now have an “underperform” rating on the stock.
• 7/3/2024 – Lululemon Athletica had its price target lowered by analysts at Robert W. Baird from $505.00 to $470.00. They now have an “outperform” rating on the stock.
• 6/13/2024 – Lululemon Athletica had its “hold” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $357.00 price target on the stock.
• 6/7/2024 – Lululemon Athletica had its price target raised by analysts at Sanford C. Bernstein from $376.00 to $382.00. They now have a “market perform” rating on the stock.
• 6/6/2024 – Lululemon Athletica had its price target lowered by analysts at JPMorgan Chase & Co. from $509.00 to $457.00. They now have an “overweight” rating on the stock.
• 6/6/2024 – Lululemon Athletica had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $445.00 price target on the stock.
• 6/6/2024 – Lululemon Athletica had its price target raised by analysts at Wedbush from $397.00 to $400.00. They now have an “outperform” rating on the stock.
• 6/6/2024 – Lululemon Athletica had its price target lowered by analysts at Telsey Advisory Group from $550.00 to $470.00. They now have an “outperform” rating on the stock.
• 6/6/2024 – Lululemon Athletica had its price target lowered by analysts at BMO Capital Markets from $420.00 to $384.00. They now have a “market perform” rating on the stock.
• 6/6/2024 – Lululemon Athletica had its price target lowered by analysts at Wells Fargo & Company from $425.00 to $350.00. They now have an “equal weight” rating on the stock.
• 6/6/2024 – Lululemon Athletica had its price target lowered by analysts at Barclays PLC from $395.00 to $338.00. They now have an “equal weight” rating on the stock.
• 6/6/2024 – Lululemon Athletica had its price target raised by analysts at Stifel Nicolaus from $410.00 to $416.00. They now have a “buy” rating on the stock.
• 6/6/2024 – Lululemon Athletica had its price target raised by analysts at Bank of America Co. from $430.00 to $440.00. They now have a “buy” rating on the stock.
• 6/6/2024 – Lululemon Athletica was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $425.00 price target on the stock, up previously from $405.00.
• 6/6/2024 – Lululemon Athletica had its price target raised by analysts at TD Cowen from $437.00 to $447.00. They now have a “buy” rating on the stock.
• 6/5/2024 – Lululemon Athletica had its price target lowered by analysts at Evercore ISI from $515.00 to $400.00.
• 6/3/2024 – Lululemon Athletica had its price target lowered by analysts at Truist Financial Co. from $498.00 to $415.00. They now have a “buy” rating on the stock.

Lululemon Athletica Trading Down 1.5 %

Shares of NASDAQ LULU traded down $3.78 during trading on Tuesday, reaching $255.25. 862,609 shares of the company traded hands, compared to its average volume of 2,094,820. The firm’s fifty day simple moving average is $298.82 and its 200 day simple moving average is $374.98. The stock has a market cap of $31.91 billion, a P/E ratio of 20.47, a PEG ratio of 1.26 and a beta of 1.26. Lululemon Athletica Inc. has a 12-month low of $245.59 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.16. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.20 billion. Lululemon Athletica had a return on equity of 42.64% and a net margin of 16.09%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. As a group, research analysts expect that Lululemon Athletica Inc. will post 14.29 EPS for the current year.

Hedge Funds Weigh In On Lululemon Athletica

Several institutional investors and hedge funds have recently modified their holdings of the business. Valley National Advisers Inc. boosted its holdings in shares of Lululemon Athletica by 600.0% during the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Tidemark LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $26,000. Benjamin Edwards Inc. boosted its holdings in shares of Lululemon Athletica by 176.0% during the 1st quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock worth $27,000 after purchasing an additional 44 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in shares of Lululemon Athletica during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 85.20% of the company’s stock.

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.