lululemon athletica (NASDAQ:LULU) Given New $150.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group has lowered its price target for lululemon athletica from $160.00 to $150.00, indicating a potential downside of 24.71% from the current stock price, and currently rates the stock as "underperform."
• Multiple analysts have recently revised their price targets for lululemon, with ranges varying widely from $223.00 to $360.00, reflecting differing outlooks on the stock's performance.
• lululemon's stock is currently trading at $199.23, down 1.5%, with a market cap of $23.88 billion and significant recent transactions by insiders, including a sale by CEO Calvin McDonald.

lululemon athletica (NASDAQ:LULU - Get Free Report) had its price target reduced by stock analysts at Jefferies Financial Group from $160.00 to $150.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an "underperform" rating on the apparel retailer's stock. Jefferies Financial Group's target price would suggest a potential downside of 24.71% from the stock's current price.

A number of other equities analysts have also issued reports on LULU. KeyCorp lowered their price target on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. JPMorgan Chase & Co. lowered lululemon athletica from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $303.00 to $224.00 in a report on Tuesday, July 22nd. Needham & Company LLC lowered their price objective on lululemon athletica from $317.00 to $238.00 and set a "buy" rating on the stock in a report on Friday. Morgan Stanley lowered their price objective on lululemon athletica from $280.00 to $223.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 26th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $360.00 price objective on shares of lululemon athletica in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $303.83.

lululemon athletica Stock Down 1.5%

lululemon athletica stock traded down $2.97 during midday trading on Tuesday, reaching $199.23. The company's stock had a trading volume of 3,307,193 shares, compared to its average volume of 2,691,166. lululemon athletica has a fifty-two week low of $185.95 and a fifty-two week high of $423.32. The company has a market cap of $23.88 billion, a P/E ratio of 13.49, a P/E/G ratio of 1.74 and a beta of 1.12. The business has a 50-day simple moving average of $215.81 and a 200-day simple moving average of $269.57.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its earnings results on Thursday, June 5th. The apparel retailer reported $2.60 EPS for the quarter, hitting analysts' consensus estimates of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The business had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the previous year, the firm earned $2.54 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. As a group, equities analysts forecast that lululemon athletica will post 14.36 earnings per share for the current year.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the company'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 sale, the chief executive officer owned 110,564 shares of the company's stock, valued at approximately $26,058,829.16. This represents a 19.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On lululemon athletica

A number of institutional investors and hedge funds have recently bought and sold shares of LULU. Norges Bank purchased a new stake in lululemon athletica in the 2nd quarter valued at approximately $217,344,000. GAMMA Investing LLC raised its holdings in lululemon athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock valued at $159,364,000 after acquiring an additional 561,491 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in lululemon athletica by 151.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer's stock valued at $218,052,000 after acquiring an additional 464,186 shares during the last quarter. Nuveen LLC acquired a new position in lululemon athletica in the 1st quarter valued at $123,894,000. Finally, Geode Capital Management LLC raised its holdings in lululemon athletica by 16.2% in the 2nd 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.

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