lululemon athletica (NASDAQ:LULU) Downgraded by HSBC to Hold

Key Points

• HSBC downgraded lululemon athletica from a "buy" to a "hold" rating with a price target of $175.00, indicating a potential upside of 6.77% from its current price.
• Multiple analysts have revised their price targets for lululemon, with ranges from $190.00 to $375.00, showcasing a diversity of opinions on its stock performance.
• lululemon's recent earnings report showed a 6.5% year-over-year revenue increase, with earnings per share at $3.10, surpassing consensus estimates.

HSBC cut shares of lululemon athletica (NASDAQ:LULU - Free Report) from a buy rating to a hold rating in a research note published on Thursday morning, Marketbeat Ratings reports. They currently have $175.00 target price on the apparel retailer's stock.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group dropped their price objective on shares of lululemon athletica from $232.00 to $200.00 and set a "neutral" rating on the stock in a research note on Friday, September 5th. Morgan Stanley dropped their price target on shares of lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 26th. Piper Sandler reduced their price objective on lululemon athletica from $200.00 to $165.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Jefferies Financial Group lowered their target price on lululemon athletica from $160.00 to $150.00 and set an "underperform" rating on the stock in a research note on Tuesday, September 2nd. Finally, Barclays cut their price target on lululemon athletica from $209.00 to $180.00 and set an "equal weight" rating for the company in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $242.24.

lululemon athletica Stock Down 3.6%

Shares of lululemon athletica stock traded down $5.91 during midday trading on Thursday, hitting $159.87. The company's stock had a trading volume of 7,990,753 shares, compared to its average volume of 6,675,882. lululemon athletica has a 1-year low of $159.75 and a 1-year high of $423.32. The firm has a market capitalization of $19.16 billion, a P/E ratio of 10.87, a PEG ratio of 6.83 and a beta of 1.12. The stock has a 50-day simple moving average of $204.62 and a 200-day simple moving average of $259.16.

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, topping the consensus estimate of $2.86 by $0.24. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the business earned $3.15 EPS. The business's revenue for the quarter was up 6.5% on a year-over-year basis. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, sell-side analysts predict that lululemon athletica will post 14.36 earnings per share for the current year.

Insider Buying and Selling

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction 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. This trade represents a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LULU. Brighton Jones LLC acquired a new stake in shares of lululemon athletica in the fourth quarter valued at about $429,000. Fourth Dimension Wealth LLC acquired a new stake in lululemon athletica in the 4th quarter valued at approximately $61,000. Focus Partners Wealth increased its position in lululemon athletica by 75.9% in the 4th quarter. Focus Partners Wealth now owns 4,229 shares of the apparel retailer's stock worth $1,627,000 after buying an additional 1,825 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of lululemon athletica by 17.5% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,062 shares of the apparel retailer's stock worth $406,000 after buying an additional 158 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of lululemon athletica by 20.0% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 4,801 shares of the apparel retailer's stock valued at $1,836,000 after acquiring an additional 799 shares during the period. 85.20% of the stock is currently 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.