Piper Sandler Lowers lululemon athletica (NASDAQ:LULU) Price Target to $165.00

Key Points

• Piper Sandler has reduced lululemon athletica's price target from $200.00 to $165.00, indicating a potential downside of nearly 20% from its previous close.
• In the most recent earnings report, lululemon athletica posted $3.10 EPS, beating estimates, while revenue slightly fell short of expectations at $2.53 billion.
• The stock currently has a consensus rating of "Hold" among analysts, with an average target price of $279.87.

lululemon athletica (NASDAQ:LULU - Free Report) had its target price reduced by Piper Sandler from $200.00 to $165.00 in a research note released on Friday morning, Marketbeat.com reports. They currently have a neutral rating on the apparel retailer's stock.

Several other equities research analysts have also issued reports on LULU. Evercore ISI lifted their price target on lululemon athletica from $320.00 to $400.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. BTIG Research decreased their price objective on lululemon athletica from $405.00 to $375.00 and set a "buy" rating on the stock in a report on Wednesday, August 27th. Barclays decreased their price objective on lululemon athletica from $270.00 to $209.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. KeyCorp decreased their price objective on lululemon athletica from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, June 6th. Finally, CICC Research reiterated a "market perform" rating and issued a $280.49 price objective on shares of lululemon athletica in a report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $245.79.

lululemon athletica Price Performance

LULU stock traded down $38.29 during mid-day trading on Friday, hitting $167.80. 36,729,936 shares of the stock were exchanged, compared to its average volume of 5,640,420. The business has a fifty day moving average price of $212.64 and a 200 day moving average price of $264.68. lululemon athletica has a 12 month low of $163.98 and a 12 month high of $423.32. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.60 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company posted $3.15 earnings per share. The company's 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. As a group, equities analysts forecast that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insider Transactions at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $235.69, for a total transaction of $6,375,178.81. Following the transaction, the chief executive officer owned 110,564 shares in the company, valued at $26,058,829.16. The trade was a 19.66% decrease in their position. 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 corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LULU. N.E.W. Advisory Services LLC purchased a new position in lululemon athletica during the 1st quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its position in lululemon athletica by 506.3% during 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 in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of lululemon athletica during the 1st quarter worth approximately $29,000. Blue Trust Inc. grew its holdings in shares of lululemon athletica by 96.8% during the 2nd quarter. Blue Trust Inc. now owns 124 shares of the apparel retailer's stock worth $29,000 after acquiring an additional 61 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of lululemon athletica during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

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.