BNP Paribas Exane Has Lowered Expectations for lululemon athletica (NASDAQ:LULU) Stock Price

Key Points

• BNP Paribas Exane cut lululemon’s price target from $88 to $44 and maintained an “underperform” rating, implying roughly 56% downside from the prior close.
• Analyst sentiment has broadly weakened: the stock carries an average “Reduce” rating and a $135.19 average target, while multiple firms recently lowered their targets or retained neutral ratings.
• Recent results showed a revenue miss and a 4.3% year-over-year decline, despite an EPS beat that was aided by tariff refunds. Lululemon also reduced fiscal 2026 guidance, while shares fell to $100.73 and approached their 12-month low.

lululemon athletica (NASDAQ:LULU - Get Free Report) had its target price lowered by equities research analysts at BNP Paribas Exane from $88.00 to $44.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "underperform" rating on the apparel retailer's stock. BNP Paribas Exane's price target points to a potential downside of 56.32% from the company's previous close.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group dropped their target price on shares of lululemon athletica from $145.00 to $115.00 and set a "hold" rating on the stock in a report on Friday, June 5th. Daiwa Securities Group decreased their target price on shares of lululemon athletica from $173.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, June 9th. BTIG Research reaffirmed a "neutral" rating on shares of lululemon athletica in a research report on Friday. Sanford C. Bernstein cut their target price on lululemon athletica from $145.00 to $115.00 and set a "market perform" rating on the stock in a research note on Friday. Finally, Robert W. Baird dropped their price target on shares of lululemon athletica from $140.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-five have given a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $135.19.

lululemon athletica Stock Performance

LULU stock traded down $21.04 on Friday, reaching $100.73. The company's stock had a trading volume of 29,732,567 shares, compared to its average volume of 3,370,388. lululemon athletica has a 12-month low of $97.99 and a 12-month high of $225.98. The business has a fifty day simple moving average of $118.76 and a two-hundred day simple moving average of $136.61. The firm has a market cap of $11.95 billion, a PE ratio of 8.13, a PEG ratio of 2.50 and a beta of 0.87.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $1.13. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter last year, the business posted $3.10 EPS. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. As a group, research analysts anticipate that lululemon athletica will post 10.93 earnings per share for the current fiscal year.

Insider Activity at lululemon athletica

In other news, Director Charles Bergh acquired 4,275 shares of lululemon athletica stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the transaction, the director owned 10,365 shares in the company, valued at $1,213,223.25. The trade was a 70.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LULU. California State Teachers Retirement System increased its stake in shares of lululemon athletica by 10,065.8% in the 2nd quarter. California State Teachers Retirement System now owns 17,180,893 shares of the apparel retailer's stock worth $1,961,714,000 after purchasing an additional 17,011,886 shares in the last quarter. BlackRock Inc. bought a new position in shares of lululemon athletica in the second quarter worth about $1,010,565,000. Flossbach Von Storch SE purchased a new position in shares of lululemon athletica during the 2nd quarter valued at about $207,392,000. Norges Bank purchased a new stake in lululemon athletica in the 4th quarter worth approximately $362,598,000. Finally, Boston Partners bought a new stake in lululemon athletica during the 4th quarter worth approximately $304,875,000. 85.20% of the stock is currently owned by institutional investors.

More lululemon athletica News

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Adjusted second-quarter EPS of $2.92 exceeded the $1.79 consensus estimate. However, the beat was substantially aided by $134.5 million in tariff refunds, which contributed approximately $0.86 to diluted EPS, making the result less indicative of underlying profitability. lululemon Q2 Earnings Beat on Tariff Refunds Despite Revenue Miss
• Positive Sentiment: The company repurchased approximately $330 million of stock during the quarter, while some investors—including Michael Burry—have viewed the selloff as a potential long-term buying opportunity. Lululemon Sinks After Second Guidance Cut
• Neutral Sentiment: Analyst views became more cautious but remained mixed. Stifel downgraded its target to $100 with a hold rating, while Bank of America, UBS, Baird and Telsey retained neutral or market-perform views with targets above the recent trading level. Lululemon’s Disappointing Sales Outlook
• Negative Sentiment: Second-quarter revenue fell 4% year over year to $2.416 billion, missing the $2.46 billion consensus estimate, while comparable sales declined 9%. Americas revenue dropped 8% and comparable sales fell 12%; China revenue also weakened, suggesting pressure in both the core market and an important international region. Lululemon Shares Tumble on Weak China, North America Sales
• Negative Sentiment: LULU reduced fiscal 2026 revenue guidance to $10.35 billion–$10.50 billion and EPS guidance to $9.48–$9.73, its second annual forecast cut this year. Third-quarter guidance also implies sharply lower revenue and EPS than analysts expected, reinforcing fears that the slowdown will persist. Lululemon Forecast Cut Hits Shares
• Negative Sentiment: Several firms cut their targets further: Morgan Stanley lowered its target to $83 and assigned underweight, Truist reduced its target to $82 and reaffirmed sell, and JPMorgan cut its target to $95. These revisions reflect concerns about traffic, uneven product acceptance, competition and weakening margins.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company's product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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