lululemon athletica (NASDAQ:LULU) Given New $223.00 Price Target at Morgan Stanley

lululemon athletica (NASDAQ:LULU) had its price target cut by Morgan Stanley from $280.00 to $223.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the apparel retailer’s stock.

A number of other equities research analysts have also commented on LULU. TD Securities decreased their price objective on shares of lululemon athletica from $321.00 to $298.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Wells Fargo & Company decreased their price objective on shares of lululemon athletica from $225.00 to $205.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 19th. Jefferies Financial Group decreased their price objective on shares of lululemon athletica from $220.00 to $200.00 and set an “underperform” rating on the stock in a report on Friday, June 6th. Piper Sandler decreased their price objective on shares of lululemon athletica from $270.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, July 29th. Finally, BMO Capital Markets decreased their price objective on shares of lululemon athletica from $302.00 to $250.00 and set a “market perform” rating on the stock in a report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $309.75.

lululemon athletica Price Performance

NASDAQ LULU opened at $205.08 on Tuesday. The firm has a market capitalization of $24.58 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.77 and a beta of 1.16. The company’s fifty day moving average is $216.78 and its two-hundred day moving average is $273.76. lululemon athletica has a 52-week low of $185.95 and a 52-week high of $423.32.

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

Insider Activity at lululemon athletica

In other news, CEO Calvin Mcdonald sold 27,049 shares of the business’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the sale, the chief executive officer owned 110,564 shares of the company’s stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On lululemon athletica

A number of institutional investors have recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its holdings in lululemon athletica by 21.1% during the second quarter. China Universal Asset Management Co. Ltd. now owns 3,478 shares of the apparel retailer’s stock worth $826,000 after buying an additional 606 shares during the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of lululemon athletica by 12.8% in the second quarter. Orion Porfolio Solutions LLC now owns 11,107 shares of the apparel retailer’s stock valued at $2,639,000 after purchasing an additional 1,264 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of lululemon athletica by 599.2% in the second quarter. Thrivent Financial for Lutherans now owns 5,286 shares of the apparel retailer’s stock valued at $1,256,000 after purchasing an additional 4,530 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of lululemon athletica in the second quarter valued at $313,000. Finally, Marex Group plc acquired a new position in shares of lululemon athletica in the second quarter valued at $4,387,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.