lululemon athletica's (LULU) Buy Rating Reaffirmed at BTIG Research

Key Points

• BTIG Research has reaffirmed its "buy" rating for lululemon athletica (NASDAQ:LULU), setting a target price of $303.00, indicating a potential upside of nearly 75% from the current stock price.
• Other analysts have varied opinions, with ratings ranging from "Strong Buy" to "Strong Sell", and a consensus target price of $232.29 for the stock.
• In its most recent earnings report, lululemon posted an EPS of $3.10, surpassing estimates, despite a slight drop in revenue compared to analyst expectations.

lululemon athletica (NASDAQ:LULU - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at BTIG Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $303.00 target price on the apparel retailer's stock. BTIG Research's target price would indicate a potential upside of 74.97% from the company's previous close.

Several other equities analysts also recently issued reports on the stock. TD Securities decreased their price objective on shares of lululemon athletica from $298.00 to $220.00 and set a "buy" rating for the company in a research note on Friday, September 5th. KeyCorp downgraded shares of lululemon athletica from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, September 9th. Piper Sandler decreased their price objective on shares of lululemon athletica from $200.00 to $165.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Telsey Advisory Group downgraded shares of lululemon athletica from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $360.00 to $200.00 in a research note on Monday, September 15th. Finally, Zacks Research downgraded shares of lululemon athletica from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-six have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $232.29.

lululemon athletica Price Performance

NASDAQ:LULU opened at $173.17 on Wednesday. The firm has a market capitalization of $20.53 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 10.88 and a beta of 1.07. The business's fifty day moving average price is $185.97 and its 200 day moving average price is $239.36. lululemon athletica has a 12 month low of $159.25 and a 12 month high of $423.32.

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

Insider Buying and Selling

In related news, insider Nicole Neuburger sold 615 shares of the firm's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the completion of the sale, the insider owned 8,993 shares in the company, valued at $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. N.E.W. Advisory Services LLC purchased a new position in lululemon athletica in the first quarter valued at about $25,000. Cornerstone Planning Group LLC lifted its stake 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 in the last quarter. Flaharty Asset Management LLC purchased a new stake in lululemon athletica in the 1st quarter valued at approximately $29,000. Blue Trust Inc. lifted its stake 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 in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in lululemon athletica in the 2nd quarter valued at approximately $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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