Needham & Company LLC reissued their hold rating on shares of lululemon athletica (NASDAQ:LULU – Free Report) in a report issued on Friday,Benzinga reports.
Several other equities research analysts have also issued reports on LULU. Morgan Stanley reaffirmed an “underweight” rating and issued a $93.00 price objective on shares of lululemon athletica in a research note on Monday, July 6th. Wells Fargo & Company lowered their target price on shares of lululemon athletica from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Piper Sandler cut their target price on lululemon athletica from $130.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. Jefferies Financial Group reduced their price target on lululemon athletica from $145.00 to $115.00 and set a “hold” rating for the company in a research report on Friday, June 5th. Finally, Rothschild & Co Redburn decreased their price target on lululemon athletica from $160.00 to $110.00 and set a “sell” rating for the company in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $116.46.
Check Out Our Latest Stock Report on LULU
lululemon athletica Stock Performance
lululemon athletica (NASDAQ:LULU – Get Free Report) last posted its earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $1.13. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.46 billion. lululemon athletica had a net margin of 12.78% and a return on equity of 27.69%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.10 earnings per share. 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. On average, sell-side analysts anticipate that lululemon athletica will post 11.14 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Charles Bergh bought 4,275 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average price of $117.05 per share, for a total transaction of $500,388.75. Following the acquisition, the director directly owned 10,365 shares of the company’s stock, valued at $1,213,223.25. The trade was a 70.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.
Institutional Investors Weigh In On lululemon athletica
Several hedge funds and other institutional investors have recently made changes to their positions in LULU. NorthRock Partners LLC lifted its stake in shares of lululemon athletica by 4.2% in the third quarter. NorthRock Partners LLC now owns 1,553 shares of the apparel retailer’s stock valued at $276,000 after buying an additional 62 shares during the period. Murphy & Mullick Capital Management Corp increased its stake in lululemon athletica by 4.3% during the first quarter. Murphy & Mullick Capital Management Corp now owns 1,578 shares of the apparel retailer’s stock valued at $242,000 after acquiring an additional 65 shares during the period. IHT Wealth Management LLC increased its stake in lululemon athletica by 1.7% during the second quarter. IHT Wealth Management LLC now owns 4,276 shares of the apparel retailer’s stock valued at $1,016,000 after acquiring an additional 73 shares during the period. GW&K Investment Management LLC raised its holdings in lululemon athletica by 70.3% in the 4th quarter. GW&K Investment Management LLC now owns 189 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 78 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in lululemon athletica by 43.6% in the 4th quarter. Golden State Wealth Management LLC now owns 280 shares of the apparel retailer’s stock valued at $58,000 after acquiring an additional 85 shares in the last quarter. 85.20% of the stock is owned by institutional investors and hedge funds.
Key lululemon athletica News
Here are the key news stories impacting lululemon athletica this week:
- Positive Sentiment: Fiscal Q2 adjusted EPS of $2.92 exceeded the $1.79 consensus estimate. However, approximately $0.86 per share of the result came from tariff refunds, making the beat less indicative of underlying operating strength. lululemon Q2 Earnings Beat on Tariff Refunds Despite Revenue Miss
- Positive Sentiment: Michael Burry reportedly remains bullish and indicated he may buy more shares below $100, offering a contrarian vote of confidence despite the disappointing results. Lululemon Sinks 20% After Second Guidance Cut
- Neutral Sentiment: Incoming CEO Heidi O’Neill takes over next week, putting renewed focus on whether a product refresh, stronger marketing and improved traffic can restore growth. Lululemon forecast cut hits shares, underscores challenge for next CEO
- Neutral Sentiment: Analyst opinion became more cautious: Goldman Sachs, Barclays, JPMorgan, Morgan Stanley, Piper Sandler and others lowered price targets, though several retained neutral or market-perform ratings and some targets remain above the stock’s recent level.
- Negative Sentiment: Q2 revenue fell 4% year over year to $2.42 billion, below the $2.46 billion consensus, while comparable sales dropped 9%. Americas revenue declined 8% and comparable sales fell 12%, signaling weakness in the company’s core market. Lululemon shares tumble on weak China, North America sales
- Negative Sentiment: Management reduced fiscal 2026 revenue guidance to $10.35 billion-$10.50 billion and EPS guidance to $9.48-$9.73. Q3 revenue is expected to decline 10%-11%, reinforcing concerns that the slowdown will persist.
- Negative Sentiment: The CEO transition, uneven product acceptance, softer store traffic, intense competition and a stronger-than-expected jobs report that increased rate concerns compounded the pressure on the apparel retailer’s valuation.
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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