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

lululemon athletica (NASDAQ:LULU) had its price target dropped by equities research analysts at Bank of America from $370.00 to $300.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the apparel retailer’s stock. Bank of America‘s target price points to a potential upside of 48.23% from the company’s previous close.

A number of other research firms have also issued reports on LULU. Evercore ISI boosted their price objective on lululemon athletica from $320.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, June 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $385.00 target price on shares of lululemon athletica in a research note on Monday, June 2nd. Truist Financial cut their target price on lululemon athletica from $297.00 to $290.00 and set a “buy” rating on the stock in a research note on Friday, June 6th. Citigroup cut their target price on lululemon athletica from $325.00 to $270.00 and set a “neutral” rating on the stock in a research note on Friday, June 6th. Finally, KeyCorp cut their target price on lululemon athletica from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, June 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, lululemon athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.45.

lululemon athletica Price Performance

NASDAQ:LULU traded down $0.06 during midday trading on Tuesday, reaching $202.39. 876,942 shares of the company traded hands, compared to its average volume of 2,668,730. lululemon athletica has a twelve month low of $185.95 and a twelve month high of $423.32. The firm has a market capitalization of $24.25 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 1.78 and a beta of 1.16. The company has a fifty day moving average price of $218.37 and a 200 day moving average price of $276.09.

lululemon athletica (NASDAQ:LULU) last released 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 return on equity of 43.48% and a net margin of 16.82%.The business 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 firm posted $2.54 EPS. The business’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, equities research analysts forecast that lululemon athletica will post 14.36 earnings per share for the current fiscal year.

Insider Activity at lululemon athletica

In related news, CEO Calvin Mcdonald sold 27,049 shares of lululemon athletica stock in a transaction on Friday, June 27th. The stock was sold at an average price of $235.69, for a total value 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 legal filing with the SEC, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On lululemon athletica

A number of hedge funds have recently modified their holdings of LULU. Brighton Jones LLC acquired a new position in shares of lululemon athletica in the 4th quarter worth $429,000. Fourth Dimension Wealth LLC acquired a new stake in shares of lululemon athletica in the fourth quarter worth about $61,000. Coldstream Capital Management Inc. lifted its position in shares of lululemon athletica by 40.3% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,493 shares of the apparel retailer’s stock worth $571,000 after buying an additional 429 shares during the last quarter. Northern Trust Corp lifted its position in shares of lululemon athletica by 15.2% during the 4th quarter. Northern Trust Corp now owns 1,143,730 shares of the apparel retailer’s stock worth $437,374,000 after purchasing an additional 151,336 shares during the last quarter. Finally, Lido Advisors LLC lifted its position in shares of lululemon athletica by 1.9% during the 4th quarter. Lido Advisors LLC now owns 1,748 shares of the apparel retailer’s stock worth $668,000 after purchasing an additional 32 shares during 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.