Dbs Bank Cuts lululemon athletica (NASDAQ:LULU) Price Target to $134.00

Key Points

• Dbs Bank lowered its price target for lululemon athletica from $165.00 to $134.00, indicating a potential downside of 20.85% from the current stock price.
• Other analysts have also adjusted their ratings and price targets, with JPMorgan reducing theirs from $224.00 to $191.00 and assigning a "neutral" rating.
• Despite recent price target cuts, lululemon athletica reported earnings of $3.10 per share, exceeding expectations and showing a 6.5% increase in revenue year-over-year.

lululemon athletica (NASDAQ:LULU - Get Free Report) had its target price decreased by stock analysts at Dbs Bank from $165.00 to $134.00 in a report released on Friday,MarketScreener reports. Dbs Bank's target price indicates a potential downside of 20.85% from the stock's current price.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on lululemon athletica from $224.00 to $191.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Truist Financial cut lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 price target on the stock. in a research report on Friday, September 5th. Morgan Stanley dropped their target price on lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 26th. TD Securities dropped their price objective on shares of lululemon athletica from $298.00 to $220.00 and set a "buy" rating on the stock in a report on Friday, September 5th. Finally, Zacks Research cut shares of lululemon athletica from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $235.67.

lululemon athletica Trading Down 0.2%

lululemon athletica stock opened at $169.29 on Friday. The stock's fifty day simple moving average is $197.38 and its 200-day simple moving average is $251.19. The firm has a market capitalization of $20.07 billion, a P/E ratio of 11.51, a P/E/G ratio of 10.59 and a beta of 1.12. lululemon athletica has a twelve month low of $159.25 and a twelve month high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.24. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the company posted $3.15 EPS. lululemon athletica'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. Sell-side analysts predict that lululemon athletica will post 14.36 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the transaction, the chief executive officer directly owned 110,564 shares in the company, valued at approximately $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On lululemon athletica

Hedge funds have recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of lululemon athletica during the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its stake in shares of lululemon athletica by 506.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in lululemon athletica during the first quarter worth approximately $29,000. Blue Trust Inc. increased its holdings in shares of lululemon athletica by 96.8% during the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer's stock worth $29,000 after purchasing an additional 61 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of lululemon athletica in the 2nd quarter valued at approximately $30,000. 85.20% of the stock is owned by institutional investors and hedge funds.

About lululemon athletica

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.

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