lululemon athletica (NASDAQ:LULU) Shares Gap Down After Analyst Downgrade

lululemon athletica inc. (NASDAQ:LULUGet Free Report) gapped down before the market opened on Tuesday after UBS Group lowered their price target on the stock from $124.00 to $120.00. The stock had previously closed at $122.78, but opened at $118.62. UBS Group currently has a neutral rating on the stock. lululemon athletica shares last traded at $118.3150, with a volume of 555,147 shares traded.

A number of other research firms have also recently commented on LULU. Wells Fargo & Company cut their price target on shares of lululemon athletica from $110.00 to $105.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. Bank of America lowered their price objective on shares of lululemon athletica from $175.00 to $140.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Weiss Ratings upgraded shares of lululemon athletica from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Morgan Stanley restated an “underweight” rating and issued a $93.00 target price on shares of lululemon athletica in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of lululemon athletica from $149.00 to $154.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twenty-five have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, lululemon athletica currently has a consensus rating of “Reduce” and a consensus target price of $148.38.

View Our Latest Analysis on LULU

Insider Activity at lululemon athletica

In other lululemon athletica news, Director Charles V. Bergh purchased 4,275 shares of the stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $117.05 per share, with a total value of $500,388.75. Following the transaction, the director owned 10,365 shares of the company’s stock, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On lululemon athletica

A number of large investors have recently bought and sold shares of LULU. Uniplan Investment Counsel Inc. purchased a new stake in lululemon athletica during the fourth quarter worth $26,000. Elyxium Wealth LLC purchased a new position in shares of lululemon athletica in the 4th quarter valued at $31,000. DV Equities LLC purchased a new position in shares of lululemon athletica in the 4th quarter valued at $31,000. GW&K Investment Management LLC raised its position in shares of lululemon athletica by 70.3% in the 4th quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer’s stock worth $39,000 after acquiring an additional 78 shares in the last quarter. Finally, Rexford Capital Inc. bought a new position in shares of lululemon athletica in the 1st quarter worth $31,000. Institutional investors own 85.20% of the company’s stock.

lululemon athletica Stock Performance

The business has a 50 day moving average of $117.55 and a two-hundred day moving average of $139.77. The stock has a market capitalization of $13.96 billion, a PE ratio of 9.49, a PEG ratio of 3.97 and a beta of 0.86.

lululemon athletica (NASDAQ:LULUGet Free Report) last posted its earnings results on Thursday, June 4th. The apparel retailer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.02. lululemon athletica had a return on equity of 31.26% and a net margin of 13.03%.The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. lululemon athletica has set its FY 2026 guidance at 10.950-11.150 EPS and its Q2 2026 guidance at 1.760-1.810 EPS. On average, equities analysts expect that lululemon athletica inc. will post 10.93 EPS for the current fiscal year.

About lululemon athletica

(Get Free Report)

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.

Further Reading

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