lululemon athletica (NASDAQ:LULU) Upgraded at BNP Paribas

Key Points

• lululemon athletica received an upgrade from BNP Paribas, moving from a "strong sell" rating to a "hold" rating, indicating a shift in analyst sentiment towards the stock.
• Analysts have mixed views on lululemon's stock, with ratings varying from "strong buy" to "sell," and a consensus target price of $228.42.
• In its recent quarterly earnings report, lululemon athletica exceeded earnings expectations with $3.10 earnings per share, although it fell slightly short on revenue compared to forecasts.

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

A number of other equities research analysts have also issued reports on the stock. Morgan Stanley cut their price objective on shares of lululemon athletica from $223.00 to $185.00 and set an "equal weight" rating for the company in a report on Tuesday, September 30th. BTIG Research restated a "buy" rating and set a $303.00 target price on shares of lululemon athletica in a research report on Friday. Rothschild & Co Redburn cut their target price on shares of lululemon athletica from $230.00 to $160.00 and set a "sell" rating for the company in a research note on Friday, September 12th. Bank of America reduced their price target on shares of lululemon athletica from $210.00 to $185.00 and set a "neutral" rating on the stock in a report on Friday, September 12th. Finally, Baird R W downgraded shares of lululemon athletica from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-nine have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, lululemon athletica presently has a consensus rating of "Hold" and a consensus target price of $228.42.

lululemon athletica Stock Performance

Shares of LULU stock opened at $172.43 on Monday. The stock has a fifty day simple moving average of $181.39 and a two-hundred day simple moving average of $230.66. The firm has a market capitalization of $20.45 billion, a PE ratio of 11.72, a PEG ratio of 10.46 and a beta of 1.07. lululemon athletica has a 52-week low of $159.25 and a 52-week high of $423.32.

lululemon athletica (NASDAQ:LULU - Get Free Report) last released 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 during 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. The business's quarterly revenue was up 6.5% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. On average, sell-side analysts forecast that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insider Activity at lululemon athletica

In related news, insider Nicole Neuburger sold 615 shares of lululemon athletica stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total transaction of $109,470.00. Following the completion of the transaction, the insider directly owned 8,993 shares of the company's stock, valued at approximately $1,600,754. The trade was a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company's stock.

Hedge Funds Weigh In On lululemon athletica

Large investors have recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in shares of lululemon athletica during the 1st quarter worth about $25,000. Cornerstone Planning Group LLC boosted its position in 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 buying an additional 81 shares during the period. Flaharty Asset Management LLC purchased a new stake in lululemon athletica in the 1st quarter valued at about $29,000. Blue Trust Inc. boosted its position in 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 buying an additional 61 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new stake in lululemon athletica in the 2nd quarter valued at about $30,000. 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.

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