lululemon athletica (NASDAQ:LULU) Raised to Hold at Zacks Research

Key Points

• Zacks Research upgraded lululemon athletica from “strong sell” to “hold,” while the broader analyst consensus remains “Reduce” with an average price target of $148.54.
• Several major analysts recently cut their price targets and maintained neutral or hold ratings, as LULU shares opened at $115.69—down 3.1%—and remained near their 12-month low of $104.44.
• The company slightly exceeded quarterly expectations, reporting $1.69 in EPS and $2.47 billion in revenue, up 4.3% year over year; director Charles V. Bergh also purchased roughly $500,000 of company stock.

lululemon athletica (NASDAQ:LULU - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of lululemon athletica from $171.00 to $127.00 and set a "hold" rating on the stock in a report on Monday, June 8th. Daiwa Securities Group lowered their target price on shares of lululemon athletica from $173.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, June 9th. Bank of America dropped their target price on shares of lululemon athletica from $175.00 to $140.00 and set a "neutral" rating on the stock in a research report on Friday, June 5th. BTIG Research lowered shares of lululemon athletica from a "buy" rating to a "neutral" rating in a research note on Friday, June 5th. Finally, The Goldman Sachs Group decreased their price target on shares of lululemon athletica from $177.00 to $122.00 and set a "neutral" rating for the company in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-five have issued a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $148.54.

lululemon athletica Trading Down 3.1%

Shares of LULU stock opened at $115.69 on Wednesday. The business's fifty day simple moving average is $117.37 and its 200-day simple moving average is $140.52. The company has a market cap of $13.73 billion, a PE ratio of 9.34, a PEG ratio of 3.92 and a beta of 0.86. lululemon athletica has a 12-month low of $104.44 and a 12-month high of $225.98.

lululemon athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings data on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.02. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The firm had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. During the same quarter last year, the firm earned $2.60 EPS. The business's quarterly revenue was up 4.3% on a year-over-year basis. lululemon athletica has set its FY 2026 guidance at 10.950-11.150 EPS and its Q2 2026 guidance at 1.760-1.810 EPS. On average, equities analysts forecast that lululemon athletica will post 10.93 earnings per share for the current year.

Insider Activity

In other lululemon athletica news, Director Charles V. Bergh bought 4,275 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the completion of the transaction, the director directly owned 10,365 shares of the company's stock, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On lululemon athletica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. NorthRock Partners LLC boosted its holdings in lululemon athletica by 4.2% during the 3rd quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer's stock valued at $276,000 after acquiring an additional 62 shares during the period. Murphy & Mullick Capital Management Corp grew its position in lululemon athletica by 4.3% in the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer's stock valued at $242,000 after acquiring an additional 65 shares in the last quarter. IHT Wealth Management LLC increased its stake in lululemon athletica by 1.7% during the second quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer's stock worth $1,016,000 after purchasing an additional 73 shares during the period. GW&K Investment Management LLC increased its stake in lululemon athletica by 70.3% during the fourth quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer's stock worth $39,000 after purchasing an additional 78 shares during the period. Finally, Golden State Wealth Management LLC lifted its position in shares of lululemon athletica by 43.6% during the fourth quarter. Golden State Wealth Management LLC now owns 280 shares of the apparel retailer's stock worth $58,000 after purchasing an additional 85 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company's product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

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