lululemon athletica (NASDAQ:LULU) Price Target Lowered to $238.00 at Needham & Company LLC

Key Points

• Needham & Company LLC has reduced lululemon athletica's price target from $317.00 to $238.00, while still maintaining a "buy" rating on the stock, indicating a potential upside of 16.05% from its previous close.
• Multiple analysts have also adjusted their price targets, with BMO Capital Markets lowering it from $302.00 to $250.00 and Bank of America from $370.00 to $300.00.
• lululemon athletica's recent quarterly earnings matched analyst expectations, with the company reporting $2.60 earnings per share and a net margin of 16.82%, reflecting a 7.3% year-over-year revenue growth.

lululemon athletica (NASDAQ:LULU - Get Free Report) had its price objective lowered by analysts at Needham & Company LLC from $317.00 to $238.00 in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm presently has a "buy" rating on the apparel retailer's stock. Needham & Company LLC's price target indicates a potential upside of 16.05% from the stock's previous close.

A number of other equities analysts have also weighed in on the stock. Telsey Advisory Group restated an "outperform" rating and set a $385.00 price target on shares of lululemon athletica in a research report on Monday, June 2nd. BMO Capital Markets lowered their price target on shares of lululemon athletica from $302.00 to $250.00 and set a "market perform" rating on the stock in a research report on Friday, June 6th. Bank of America lowered their price target on shares of lululemon athletica from $370.00 to $300.00 and set a "buy" rating on the stock in a research report on Tuesday. Truist Financial lowered their price target on shares of lululemon athletica from $297.00 to $290.00 and set a "buy" rating on the stock in a research report on Friday, June 6th. Finally, Robert W. Baird lowered their price target on shares of lululemon athletica from $340.00 to $260.00 and set an "outperform" rating on the stock in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $306.71.

lululemon athletica Trading Down 0.2%

LULU opened at $205.08 on Friday. The firm has a market capitalization of $24.58 billion, a PE ratio of 13.89, a PEG ratio of 1.77 and a beta of 1.16. lululemon athletica has a twelve month low of $185.95 and a twelve month high of $423.32. The firm's 50-day moving average price is $216.78 and its 200 day moving average price is $273.76.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, hitting analysts' consensus estimates of $2.60. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. lululemon athletica had a net margin of 16.82% and a return on equity of 43.48%. lululemon athletica's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.54 earnings per share. 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, analysts predict that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other lululemon athletica news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the transaction, the chief executive officer directly owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Institutional Investors Weigh In On lululemon athletica

Institutional investors and hedge funds have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC purchased a new stake in shares of lululemon athletica in the 1st quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its stake in shares of lululemon athletica by 506.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 97 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 81 shares during the period. Flaharty Asset Management LLC purchased a new stake in shares of lululemon athletica in the 1st quarter valued at approximately $29,000. Blue Trust Inc. raised its stake in shares of lululemon athletica by 96.8% in the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer's stock valued at $29,000 after acquiring an additional 61 shares during the period. Finally, Anderson Financial Strategies LLC purchased a new stake in shares of lululemon athletica in the 4th quarter valued at approximately $30,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

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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