lululemon athletica (NASDAQ:LULU) Raised to "Neutral" at BNP Paribas Exane
BNP Paribas Exane upgraded lululemon athletica (NASDAQ:LULU) from "underperform" to "neutral" with a price target of $146.00, indicating a potential downside of 12.79%. Other analysts have varied opinions, with price targets ranging from $120.00 to $205.00. The stock opened at $167.41, with a market cap of $19.85 billion and a P/E ratio of 11.38. Lululemon reported $3.10 EPS for the last quarter, exceeding estimates, and has set FY 2025 guidance at 12.770-12.970 EPS.
lululemon athletica (NASDAQ:LULU - Get Free Report) was upgraded by stock analysts at BNP Paribas Exane from an "underperform" rating to a "neutral" rating in a report issued on Monday, MarketBeat reports. The brokerage currently has a $146.00 price target on the apparel retailer's stock. BNP Paribas Exane's price objective would indicate a potential downside of 12.79% from the stock's current price.
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Other analysts have also recently issued reports about the stock. Sanford C. Bernstein cut shares of lululemon athletica from an "outperform" rating to a "market perform" rating and set a $190.00 price target on the stock. in a report on Thursday. Jefferies Financial Group cut their target price on shares of lululemon athletica from $150.00 to $120.00 and set an "underperform" rating for the company in a report on Monday, October 6th. Stifel Nicolaus reissued a "hold" rating and issued a $205.00 price target (down previously from $324.00) on shares of lululemon athletica in a report on Friday, September 5th. Piper Sandler cut their price target on shares of lululemon athletica from $200.00 to $165.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Finally, Zacks Research lowered shares of lululemon athletica from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twenty-eight have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $228.42.
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lululemon athletica Stock Performance
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Shares of NASDAQ:LULU opened at $167.41 on Monday. The firm has a fifty day moving average price of $181.67 and a 200 day moving average price of $231.30. lululemon athletica has a fifty-two week low of $159.25 and a fifty-two week high of $423.32. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 10.46 and a beta of 1.07.
lululemon athletica (NASDAQ:LULU - Get Free Report) last issued its earnings results 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. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $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, research analysts predict that lululemon athletica will post 14.36 earnings per share for the current year.
Insiders Place Their Bets
- Lululemon’s Sell-Off Looks Overdone: A Contrarian Case
In related news, insider Nicole Neuburger sold 615 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $178.00, for a total value of $109,470.00. Following the sale, the insider owned 8,993 shares of the company's stock, valued at $1,600,754. This trade represents a 6.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On lululemon athletica
Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of lululemon athletica during the second quarter worth $217,344,000. T. Rowe Price Investment Management Inc. raised its stake in shares of lululemon athletica by 151.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer's stock worth $218,052,000 after buying an additional 464,186 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of lululemon athletica by 2,598.9% during the 3rd quarter. Pacer Advisors Inc. now owns 475,957 shares of the apparel retailer's stock worth $84,687,000 after buying an additional 458,322 shares during the last quarter. Nuveen LLC acquired a new position in shares of lululemon athletica during the 1st quarter worth $123,894,000. Finally, Geode Capital Management LLC raised its stake in shares of lululemon athletica by 16.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer's stock worth $700,502,000 after buying an additional 413,062 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.
lululemon athletica Company Profile
(Get Free Report)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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