lululemon athletica (NASDAQ:LULU) Lowered to Market Perform Rating by Telsey Advisory Group

Key Points

• Telsey Advisory Group downgraded lululemon athletica from an "outperform" to a "market perform" rating, significantly lowering the price target from $360 to $200.
• Shares of lululemon experienced a 1.1% increase on Monday, closing at $161.65, against a backdrop of widespread downgrades from multiple analysts.
• Despite a decline in price targets, lululemon's recent quarterly earnings report showed a positive earnings per share of $3.10, exceeding analyst expectations by $0.24.

lululemon athletica (NASDAQ:LULU - Get Free Report) was downgraded by equities research analysts at Telsey Advisory Group from an "outperform" rating to a "market perform" rating in a research note issued on Monday,BayStreet.CA reports. They presently have a $200.00 price objective on the apparel retailer's stock, down from their previous price objective of $360.00. Telsey Advisory Group's price objective points to a potential upside of 23.72% from the company's previous close.

A number of other research analysts have also weighed in on the company. Barclays dropped their price objective on lululemon athletica from $209.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, September 5th. KeyCorp lowered lululemon athletica from an "overweight" rating to a "sector weight" rating in a report on Tuesday, September 9th. The Goldman Sachs Group dropped their price objective on lululemon athletica from $232.00 to $200.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Piper Sandler lowered their target price on lululemon athletica from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Finally, Zacks Research lowered 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 two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $242.24.

lululemon athletica Trading Up 1.1%

Shares of lululemon athletica stock traded up $1.78 during trading hours on Monday, hitting $161.65. 4,120,256 shares of the company were exchanged, compared to its average volume of 3,150,828. The business has a 50-day moving average of $204.62 and a 200-day moving average of $257.70. lululemon athletica has a 1 year low of $159.25 and a 1 year high of $423.32. The stock has a market capitalization of $19.17 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 6.59 and a beta of 1.12.

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 for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the company posted $3.15 earnings per share. lululemon athletica's quarterly revenue 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, research analysts anticipate that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On lululemon athletica

A number of hedge funds have recently bought and sold shares of the business. Manhattan West Asset Management LLC grew its stake in lululemon athletica by 5.4% during the 1st quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer's stock valued at $205,000 after purchasing an additional 37 shares in the last quarter. Horizon Investments LLC grew its stake in lululemon athletica by 2.4% during the 1st quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer's stock valued at $456,000 after purchasing an additional 38 shares in the last quarter. Carolinas Wealth Consulting LLC grew its position in shares of lululemon athletica by 30.7% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer's stock worth $63,000 after acquiring an additional 39 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of lululemon athletica by 1.2% in the 1st quarter. Moody National Bank Trust Division now owns 3,168 shares of the apparel retailer's stock worth $897,000 after acquiring an additional 39 shares in the last quarter. Finally, GM Advisory Group LLC grew its position in shares of lululemon athletica by 2.0% in the 1st 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 in the last quarter. Institutional investors and hedge funds 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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