lululemon athletica (NASDAQ:LULU) Given Buy Rating at BTIG Research

Key Points

• BTIG Research has reiterated a "buy" rating for lululemon athletica (NASDAQ:LULU) with a price target of $303.00, indicating a potential upside of 84.06% from the company's previous close.
• Other analysts have mixed opinions, with Jefferies and Morgan Stanley lowering their price targets significantly, while Oppenheimer maintains a higher target of $500.00.
• lululemon's quarterly earnings exceeded expectations with an EPS of $3.10, while revenue showed a 6.5% year-over-year growth.

lululemon athletica (NASDAQ:LULU - Get Free Report)'s stock had its "buy" rating reiterated by analysts at BTIG Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $303.00 price target on the apparel retailer's stock. BTIG Research's target price would indicate a potential upside of 84.06% from the company's previous close.

Other analysts have also issued research reports about the stock. Jefferies Financial Group cut their price objective on shares of lululemon athletica from $150.00 to $120.00 and set an "underperform" rating on the stock in a research report on Monday, October 6th. Morgan Stanley dropped their price target on shares of lululemon athletica from $223.00 to $185.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 30th. Oppenheimer reaffirmed a "market perform" rating and set a $500.00 price target on shares of lululemon athletica in a research report on Friday, September 5th. TD Securities dropped their price target on shares of lululemon athletica from $298.00 to $220.00 and set a "buy" rating on the stock in a research report on Friday, September 5th. Finally, Barclays dropped their price target on shares of lululemon athletica from $209.00 to $180.00 and set an "equal weight" rating on the stock in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twenty-seven have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $231.26.

lululemon athletica Stock Down 1.5%

Shares of LULU stock opened at $164.62 on Friday. The company's fifty day simple moving average is $182.11 and its 200-day simple moving average is $232.60. The firm has a market cap of $19.52 billion, a PE ratio of 11.19, a P/E/G ratio of 10.45 and a beta of 1.07. lululemon athletica has a 12 month low of $159.25 and a 12 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 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.24. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities analysts predict that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insider Activity at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of the company's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the transaction, the insider directly owned 8,993 shares in the company, valued at approximately $1,600,754. This represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On lululemon athletica

Institutional investors and hedge funds have recently modified their holdings of the business. Manhattan West Asset Management LLC raised its holdings in lululemon athletica by 5.4% in the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock worth $205,000 after purchasing an additional 37 shares in the last quarter. Horizon Investments LLC grew its stake in shares of lululemon athletica by 2.4% in the first quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock worth $456,000 after acquiring an additional 38 shares during the last quarter. GM Advisory Group LLC grew its stake in shares of lululemon athletica by 2.0% in the first quarter. GM Advisory Group LLC now owns 1,992 shares of the apparel retailer's stock worth $564,000 after acquiring an additional 40 shares during the last quarter. Hancock Whitney Corp grew its stake in shares of lululemon athletica by 4.6% in the first quarter. Hancock Whitney Corp now owns 951 shares of the apparel retailer's stock worth $269,000 after acquiring an additional 42 shares during the last quarter. Finally, Optimize Financial Inc grew its stake in shares of lululemon athletica by 2.3% in the first quarter. Optimize Financial Inc now owns 2,043 shares of the apparel retailer's stock worth $578,000 after acquiring an additional 45 shares during the last quarter. 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.

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