lululemon athletica's (LULU) "Inline" Rating Reaffirmed at Evercore ISI

Key Points

• Evercore ISI has reaffirmed an "inline" rating for lululemon athletica, with a revised target price of $180.00, down from $265.00, indicating a potential downside of 12.66% from current stock levels.
• In its latest quarterly earnings, lululemon reported $3.10 earnings per share, exceeding the consensus estimate, but its revenue of $2.53 billion missed projections of $2.55 billion.
• Insiders, including CEO Calvin McDonald, have sold shares recently, with McDonald selling over 27,000 shares, indicating a potential decrease in confidence among company leaders.

lululemon athletica (NASDAQ:LULU - Get Free Report)'s stock had its "inline" rating restated by Evercore ISI in a research report issued on Friday, MarketBeat reports. They currently have a $180.00 target price on the apparel retailer's stock, down from their previous target price of $265.00. Evercore ISI's price objective points to a potential downside of 12.66% from the stock's previous close.

Several other research analysts have also issued reports on LULU. Stifel Nicolaus cut their target price on shares of lululemon athletica from $353.00 to $324.00 and set a "buy" rating on the stock in a research note on Friday, June 6th. Wells Fargo & Company cut their price objective on shares of lululemon athletica from $225.00 to $205.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 19th. Jefferies Financial Group reduced their target price on lululemon athletica from $160.00 to $150.00 and set an "underperform" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. downgraded lululemon athletica from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $303.00 to $224.00 in a research note on Tuesday, July 22nd. Finally, CICC Research reissued a "market perform" rating and issued a $280.49 price objective on shares of lululemon athletica in a research note on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, lululemon athletica has an average rating of "Hold" and an average target price of $273.94.

lululemon athletica Price Performance

Shares of NASDAQ:LULU opened at $206.09 on Friday. lululemon athletica has a 1 year low of $185.95 and a 1 year high of $423.32. The business's 50-day moving average is $213.98 and its 200-day moving average is $267.50. The company has a market capitalization of $24.70 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 1.71 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.87 by $0.23. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.15 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. Analysts anticipate that lululemon athletica will post 14.36 EPS for the current year.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in lululemon athletica in the 2nd quarter valued at $217,344,000. GAMMA Investing LLC boosted its holdings in shares of lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after buying an additional 561,491 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in lululemon athletica by 151.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer's stock valued at $218,052,000 after buying an additional 464,186 shares during the period. Nuveen LLC purchased a new stake in lululemon athletica during the first quarter worth about $123,894,000. Finally, Geode Capital Management LLC boosted its stake in lululemon athletica by 16.2% in the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer's stock valued at $700,502,000 after acquiring an additional 413,062 shares during the last quarter. 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.