lululemon athletica (NASDAQ:LULU) Price Target Lowered to $300.00 at Bank of America

lululemon athletica (NASDAQ:LULU) had its target price reduced by Bank of America from $370.00 to $300.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the apparel retailer’s stock.

Several other equities research analysts have also commented on the company. CICC Research reiterated a “market perform” rating and set a $280.49 price objective on shares of lululemon athletica in a research note on Monday, June 9th. Jefferies Financial Group cut their price objective on lululemon athletica from $220.00 to $200.00 and set an “underperform” rating for the company in a research note on Friday, June 6th. BMO Capital Markets cut their price objective on lululemon athletica from $302.00 to $250.00 and set a “market perform” rating for the company in a research note on Friday, June 6th. Barclays cut their price objective on lululemon athletica from $270.00 to $209.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Finally, Robert W. Baird cut their price objective on lululemon athletica from $340.00 to $260.00 and set an “outperform” rating for the company in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, lululemon athletica presently has an average rating of “Moderate Buy” and an average price target of $309.75.

lululemon athletica Stock Down 0.2%

Shares of lululemon athletica stock opened at $205.08 on Tuesday. lululemon athletica has a twelve month low of $185.95 and a twelve month high of $423.32. The business has a 50-day moving average price of $216.78 and a 200 day moving average price of $273.76. The firm has a market cap of $24.58 billion, a PE ratio of 13.89, a P/E/G ratio of 1.77 and a beta of 1.16.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, June 5th. The apparel retailer reported $2.60 earnings per share for the quarter, meeting the consensus estimate of $2.60. lululemon athletica had a return on equity of 43.48% and a net margin of 16.82%.The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the business earned $2.54 EPS. lululemon athletica’s revenue for the quarter was up 7.3% compared to the same quarter last year. lululemon athletica has set its FY 2025 guidance at 14.580-14.780 EPS. Q2 2025 guidance at 2.850-2.900 EPS. On average, sell-side analysts expect that lululemon athletica will post 14.36 EPS for the current year.

Insider Buying and Selling at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the business’s stock in a transaction that occurred on 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 directly 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 SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Lido Advisors LLC lifted its holdings in lululemon athletica by 1.9% in the fourth quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer’s stock valued at $668,000 after acquiring an additional 32 shares during the last quarter. Colonial Trust Co SC lifted its holdings in lululemon athletica by 2.1% in the fourth quarter. Colonial Trust Co SC now owns 1,737 shares of the apparel retailer’s stock valued at $664,000 after acquiring an additional 36 shares during the last quarter. Manhattan West Asset Management LLC lifted its holdings in lululemon athletica by 5.4% in the first quarter. Manhattan West Asset Management LLC now owns 724 shares of the apparel retailer’s stock valued at $205,000 after acquiring an additional 37 shares during the last quarter. Horizon Investments LLC lifted its stake in lululemon athletica by 2.4% during the first quarter. Horizon Investments LLC now owns 1,610 shares of the apparel retailer’s stock worth $456,000 after purchasing an additional 38 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC lifted its stake in lululemon athletica by 30.7% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the apparel retailer’s stock worth $63,000 after purchasing an additional 39 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.