lululemon athletica (NASDAQ:LULU) Trading Up 2.5% - Here's What Happened

Key Points

• Shares of lululemon athletica increased by 2.5%, reaching a price of $176.30, with trading volume up 16% from the average.
• Recent ratings from analysts show a downward trend, with Truist Financial downgrading to a "hold" and other firms lowering price targets significantly.
• Lululemon's latest earnings report showed $3.10 earnings per share, beating expectations, but revenue fell short at $2.53 billion.

Shares of lululemon athletica inc. (NASDAQ:LULU - Get Free Report) were up 2.5% during trading on Friday . The company traded as high as $176.71 and last traded at $176.30. Approximately 3,804,017 shares changed hands during trading, an increase of 16% from the average daily volume of 3,290,665 shares. The stock had previously closed at $172.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LULU shares. Truist Financial lowered lululemon athletica from a "buy" rating to a "hold" rating and set a $170.00 price target for the company. in a research report on Friday, September 5th. CICC Research reaffirmed a "market perform" rating and issued a $280.49 price target on shares of lululemon athletica in a research report on Monday, June 9th. Wells Fargo & Company lowered their price target on lululemon athletica from $205.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday, September 5th. JPMorgan Chase & Co. lowered their price target on lululemon athletica from $224.00 to $191.00 and set a "neutral" rating for the company in a research report on Friday, September 5th. Finally, KeyCorp downgraded lululemon athletica from an "overweight" rating to a "sector weight" rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twenty-six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $234.64.

lululemon athletica Trading Up 2.5%

The company has a market capitalization of $20.91 billion, a P/E ratio of 11.99, a P/E/G ratio of 11.19 and a beta of 1.12. The stock has a 50 day moving average of $193.13 and a 200-day moving average of $247.86.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released its earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.24. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. lululemon athletica had a net margin of 16.38% and a return on equity of 42.05%. lululemon athletica's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.15 EPS. 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, sell-side analysts expect that lululemon athletica inc. will post 14.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in lululemon athletica during the 4th quarter valued at approximately $429,000. Mackenzie Financial Corp boosted its position in shares of lululemon athletica by 23.3% during the 4th quarter. Mackenzie Financial Corp now owns 14,538 shares of the apparel retailer's stock valued at $5,559,000 after acquiring an additional 2,752 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of lululemon athletica by 6.3% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,198 shares of the apparel retailer's stock valued at $458,000 after acquiring an additional 71 shares during the last quarter. First Hawaiian Bank bought a new position in shares of lululemon athletica during the 1st quarter valued at approximately $806,000. Finally, Versant Capital Management Inc boosted its position in shares of lululemon athletica by 122.4% during the 1st quarter. Versant Capital Management Inc now owns 407 shares of the apparel retailer's stock valued at $115,000 after acquiring an additional 224 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.