lululemon athletica (NASDAQ:LULU – Get Free Report) had its price target lowered by stock analysts at Bank of America from $140.00 to $122.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Bank of America‘s target price would suggest a potential upside of 21.59% from the stock’s current price.
A number of other brokerages have also weighed in on LULU. Morgan Stanley restated an “underweight” rating and set a $93.00 target price on shares of lululemon athletica in a research report on Monday, July 6th. Evercore lowered their price target on lululemon athletica from $175.00 to $130.00 in a research report on Wednesday, June 3rd. Rothschild & Co Redburn cut their price target on shares of lululemon athletica from $160.00 to $110.00 and set a “sell” rating on the stock in a report on Tuesday, June 16th. KeyCorp restated a “sector weight” rating on shares of lululemon athletica in a report on Friday. Finally, Wells Fargo & Company lowered their target price on shares of lululemon athletica from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-five have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, lululemon athletica currently has a consensus rating of “Reduce” and a consensus price target of $141.92.
lululemon athletica Price Performance
lululemon athletica (NASDAQ:LULU – Get Free Report) last announced its earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $1.13. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the company earned $3.10 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. Analysts expect that lululemon athletica will post 10.93 earnings per share for the current year.
Insider Activity
In related news, Director Charles Bergh acquired 4,275 shares of lululemon athletica stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $117.05 per share, for a total transaction of $500,388.75. Following the acquisition, the director owned 10,365 shares in the company, valued at approximately $1,213,223.25. This represents a 70.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.
Hedge Funds Weigh In On lululemon athletica
Several large investors have recently made changes to their positions in LULU. Brighton Jones LLC purchased a new position in shares of lululemon athletica during the fourth quarter worth $429,000. NewEdge Advisors LLC lifted its stake in lululemon athletica by 5.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,848 shares of the apparel retailer’s stock worth $1,089,000 after acquiring an additional 186 shares in the last quarter. Glenview Trust co lifted its stake in lululemon athletica by 39.9% during the 2nd quarter. Glenview Trust co now owns 996 shares of the apparel retailer’s stock worth $237,000 after acquiring an additional 284 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in lululemon athletica during the 2nd quarter valued at about $508,000. Finally, Raymond James Financial Inc. grew its position in lululemon athletica by 10.7% in the 2nd quarter. Raymond James Financial Inc. now owns 112,632 shares of the apparel retailer’s stock valued at $26,759,000 after acquiring an additional 10,891 shares in the last quarter. 85.20% of the stock is currently owned by institutional investors and hedge funds.
lululemon athletica News Roundup
Here are the key news stories impacting lululemon athletica this week:
- Positive Sentiment: Second-quarter diluted EPS of $2.92 exceeded the $1.79 consensus estimate. However, the result included approximately $134.5 million in tariff refunds, which contributed about $0.86 per share, making the beat less indicative of underlying profitability. lululemon Second Quarter Fiscal 2026 Results
- Positive Sentiment: The company repurchased 2.7 million shares for $330 million during the quarter. Investor Michael Burry also indicated continued confidence in LULU below $100, potentially providing a limited counterpoint to the broader selling pressure. Michael Burry on Lululemon
- Neutral Sentiment: Analysts broadly moved to a more cautious stance. Wells Fargo, JPMorgan, UBS, Baird, Telsey and Bernstein lowered price targets, while ratings generally remained neutral, equal weight, hold or market perform. Some revised targets still imply upside from current levels.
- Negative Sentiment: Revenue fell 4% year over year to $2.416 billion, below the $2.46 billion consensus, while comparable sales declined 9% overall and 10% on a constant-currency basis. Americas revenue dropped 8%, and China revenue also declined, signaling that international growth is no longer fully offsetting weakness in the core market. Lululemon forecast cut and CEO challenge
- Negative Sentiment: lululemon cut fiscal 2026 revenue guidance to $10.35 billion-$10.50 billion from $11.00 billion-$11.15 billion and reduced EPS guidance to $9.48-$9.73. Third-quarter revenue and EPS guidance also fell well below Wall Street expectations, raising concerns about product acceptance, store traffic, margins and competitive pressure. LULU Q2 earnings call takeaways
About lululemon athletica
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.
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