lululemon athletica (NASDAQ:LULU) Earns "Hold" Rating from Argus

Key Points

• Argus reaffirmed its “Hold” rating on lululemon athletica, while the broader analyst consensus stands at “Reduce” with an average price target of $111.54. Several firms recently lowered their targets, with ratings ranging from Hold to Sell.
• Lululemon shares opened at $98.97, near their 52-week low of $95.67 and well below the 52-week high of $225.98. The stock’s 50-day and 200-day moving averages were $116.77 and $133.20, respectively.
• The company exceeded quarterly EPS expectations, reporting $2.92 versus the $1.79 consensus, but revenue of $2.42 billion declined 4.3% year over year and fell short of estimates. Institutional investors own approximately 85.2% of the stock.

lululemon athletica (NASDAQ:LULU - Get Free Report)'s stock had its "hold" rating reaffirmed by research analysts at Argus in a research report issued to clients and investors on Monday, Benzinga reports.

A number of other equities research analysts have also recently commented on the stock. Stifel Nicolaus decreased their target price on shares of lululemon athletica from $134.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, September 4th. Rothschild & Co Redburn decreased their price objective on shares of lululemon athletica from $160.00 to $110.00 and set a "sell" rating on the stock in a research report on Tuesday, June 16th. Telsey Advisory Group lowered their target price on shares of lululemon athletica from $122.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, September 4th. UBS Group decreased their price target on lululemon athletica from $120.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, September 4th. Finally, KeyCorp restated a "sector weight" rating on shares of lululemon athletica in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, lululemon athletica presently has an average rating of "Reduce" and a consensus target price of $111.54.

lululemon athletica Stock Performance

NASDAQ LULU opened at $98.97 on Monday. The company has a market capitalization of $11.46 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.87. The business's fifty day moving average is $116.77 and its 200 day moving average is $133.20. lululemon athletica has a fifty-two week low of $95.67 and a fifty-two week high of $225.98.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $1.13. lululemon athletica had a return on equity of 27.69% and a net margin of 12.78%.The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter in the prior year, the business posted $3.10 earnings per share. The business's quarterly revenue was down 4.3% on a year-over-year basis. 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. On average, sell-side analysts forecast that lululemon athletica will post 9.65 EPS for the current year.

Institutional Investors Weigh In On lululemon athletica

Several large investors have recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in lululemon athletica by 10,065.8% during the 2nd quarter. California State Teachers Retirement System now owns 17,180,893 shares of the apparel retailer's stock valued at $1,961,714,000 after buying an additional 17,011,886 shares in the last quarter. BlackRock Inc. purchased a new position in shares of lululemon athletica in the second quarter valued at $1,010,565,000. Flossbach Von Storch SE bought a new stake in lululemon athletica in the second quarter worth $207,392,000. Norges Bank bought a new stake in lululemon athletica in the fourth quarter worth $362,598,000. Finally, Boston Partners purchased a new stake in lululemon athletica during the fourth quarter valued at $304,875,000. 85.20% of the stock is owned by institutional investors.

lululemon athletica Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel, footwear and accessories. The company's products are developed for activities including yoga, running, training, tennis and other forms of exercise, as well as everyday use. Its offerings include leggings, tops, shorts, outerwear, footwear, bags and fitness accessories for women and men.

Founded in 1998 in Vancouver, British Columbia, lululemon began as a yoga-focused apparel company and has expanded into a broader performance and lifestyle brand.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.