Analysts’ Recent Ratings Updates for Lululemon Athletica (LULU)

Several brokerages have updated their recommendations and price targets on shares of Lululemon Athletica (NASDAQ: LULU) in the last few weeks:

• 9/2/2024 – Lululemon Athletica had its price target lowered by analysts at Raymond James from $350.00 to $325.00. They now have an “outperform” rating on the stock.
• 9/1/2024 – Lululemon Athletica had its price target lowered by analysts at Morgan Stanley from $329.00 to $326.00. They now have an “overweight” rating on the stock.
• 8/30/2024 – Lululemon Athletica had its price target lowered by analysts at KeyCorp from $415.00 to $350.00. They now have an “overweight” rating on the stock.
• 8/30/2024 – Lululemon Athletica had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $291.00 to $292.00. They now have a “neutral” rating on the stock.
• 8/30/2024 – Lululemon Athletica had its price target raised by analysts at Piper Sandler from $250.00 to $260.00. They now have a “neutral” rating on the stock.
• 8/30/2024 – Lululemon Athletica had its price target lowered by analysts at Sanford C. Bernstein from $345.00 to $325.00. They now have a “market perform” rating on the stock.
• 8/30/2024 – Lululemon Athletica had its price target lowered by analysts at Barclays PLC from $263.00 to $261.00. They now have an “equal weight” rating on the stock.
• 8/30/2024 – Lululemon Athletica had its price target lowered by analysts at Guggenheim from $525.00 to $350.00. They now have a “buy” rating on the stock.
• 8/30/2024 – Lululemon Athletica had its price target raised by analysts at TD Securities from $375.00 to $382.00. They now have a “buy” rating on the stock.
• 8/30/2024 – Lululemon Athletica had its price target lowered by analysts at Bank of America Co. from $440.00 to $355.00. They now have a “buy” rating on the stock.
• 8/28/2024 – Lululemon Athletica had its price target lowered by analysts at Wedbush from $400.00 to $324.00. They now have an “outperform” rating on the stock.
• 8/28/2024 – Lululemon Athletica had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $310.00 price target on the stock.
• 8/27/2024 – Lululemon Athletica had its price target lowered by analysts at Raymond James from $400.00 to $350.00. They now have an “outperform” rating on the stock.
• 8/27/2024 – Lululemon Athletica had its price target lowered by analysts at TD Cowen from $420.00 to $375.00. They now have a “buy” rating on the stock.
• 8/26/2024 – Lululemon Athletica had its price target lowered by analysts at Morgan Stanley from $404.00 to $329.00. They now have an “overweight” rating on the stock.
• 8/26/2024 – Lululemon Athletica had its “outperform” rating reaffirmed by analysts at Evercore ISI. They now have a $300.00 price target on the stock.
• 8/26/2024 – Lululemon Athletica had its price target lowered by analysts at Telsey Advisory Group from $470.00 to $360.00. They now have an “outperform” rating on the stock.
• 8/23/2024 – Lululemon Athletica had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $250.00 price target on the stock.
• 8/23/2024 – Lululemon Athletica had its price target lowered by analysts at Wells Fargo & Company from $350.00 to $285.00. They now have an “equal weight” rating on the stock.
• 8/22/2024 – Lululemon Athletica had its price target lowered by analysts at Citigroup Inc. from $300.00 to $270.00. They now have a “neutral” rating on the stock.
• 8/22/2024 – Lululemon Athletica had its price target lowered by analysts at Stifel Nicolaus from $416.00 to $370.00. They now have a “buy” rating on the stock.
• 8/20/2024 – Lululemon Athletica had its price target lowered by analysts at UBS Group AG from $385.00 to $315.00. They now have a “neutral” rating on the stock.
• 8/7/2024 – Lululemon Athletica had its price target lowered by analysts at Barclays PLC from $338.00 to $263.00. They now have an “equal weight” rating on the stock.
• 8/2/2024 – Lululemon Athletica was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating. They now have a $286.00 price target on the stock, down previously from $463.00.
• 7/31/2024 – Lululemon Athletica had its price target lowered by analysts at Robert W. Baird from $470.00 to $350.00. They now have an “outperform” rating on the stock.
• 7/26/2024 – Lululemon Athletica had its price target lowered by analysts at Evercore ISI from $400.00 to $300.00. They now have an “outperform” rating on the stock.
• 7/26/2024 – Lululemon Athletica had its price target lowered by analysts at Truist Financial Co. from $415.00 to $310.00. They now have a “buy” rating on the stock.
• 7/25/2024 – Lululemon Athletica had its “underperform” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $220.00 price target on the stock.
• 7/25/2024 – Lululemon Athletica had its price target lowered by analysts at JPMorgan Chase & Co. from $457.00 to $338.00. They now have an “overweight” rating on the stock.
• 7/25/2024 – Lululemon Athletica had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $470.00 price target on the stock.
• 7/25/2024 – Lululemon Athletica was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $300.00 price target on the stock, down previously from $415.00.
• 7/25/2024 – Lululemon Athletica had its price target lowered by analysts at TD Cowen from $447.00 to $420.00. They now have a “buy” rating on the stock.

Lululemon Athletica Stock Performance

Shares of NASDAQ:LULU opened at $260.14 on Friday. The company has a market capitalization of $32.52 billion, a PE ratio of 20.86, a P/E/G ratio of 1.37 and a beta of 1.25. The company’s fifty day moving average is $262.64 and its 200-day moving average is $327.44. Lululemon Athletica Inc. has a 52 week low of $226.01 and a 52 week high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.22. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm earned $2.68 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts forecast that Lululemon Athletica Inc. will post 14.03 EPS for the current year.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, CEO Calvin Mcdonald acquired 4,000 shares of Lululemon Athletica stock in a transaction on Tuesday, September 3rd. The shares were bought at an average price of $260.00 per share, with a total value of $1,040,000.00. Following the completion of the purchase, the chief executive officer now owns 89,922 shares in the company, valued at $23,379,720. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Lululemon Athletica

A number of institutional investors have recently modified their holdings of the stock. Tidemark LLC acquired a new stake in shares of Lululemon Athletica in the fourth quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Lululemon Athletica in the 4th quarter valued at $26,000. Richardson Financial Services Inc. bought a new stake in shares of Lululemon Athletica during the fourth quarter worth $31,000. True Wealth Design LLC boosted its holdings in Lululemon Athletica by 2,950.0% in the fourth quarter. True Wealth Design LLC now owns 61 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 59 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its position in Lululemon Athletica by 176.0% in the first quarter. Benjamin Edwards Inc. now owns 69 shares of the apparel retailer’s stock worth $27,000 after purchasing an additional 44 shares during the period. 85.20% of the stock is owned by institutional investors.

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.