lululemon athletica (NASDAQ:LULU) Price Target Cut to $130.00 by Analysts at Evercore

lululemon athletica (NASDAQ:LULU) had its price target lowered by Evercore from $175.00 to $130.00 in a report issued on Wednesday,MarketScreener reports.

A number of other brokerages also recently commented on LULU. Piper Sandler decreased their price target on lululemon athletica from $190.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, May 22nd. Citigroup decreased their price target on lululemon athletica from $210.00 to $185.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. JPMorgan Chase & Co. decreased their price target on lululemon athletica from $196.00 to $173.00 in a research report on Wednesday, May 6th. Jefferies Financial Group decreased their price target on lululemon athletica from $170.00 to $145.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Finally, The Goldman Sachs Group decreased their target price on lululemon athletica from $200.00 to $184.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, twenty-eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $197.09.

lululemon athletica Trading Down 0.3%

Shares of LULU opened at $126.03 on Wednesday. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 3.90 and a beta of 0.87. The stock has a 50 day moving average of $142.80 and a 200 day moving average of $170.67. lululemon athletica has a 12 month low of $116.63 and a 12 month high of $339.15.

lululemon athletica (NASDAQ:LULU) last issued its quarterly earnings results on Tuesday, March 17th. The apparel retailer reported $5.01 EPS for the quarter, beating analysts’ consensus estimates of $4.78 by $0.23. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.59 billion. lululemon athletica had a return on equity of 34.82% and a net margin of 14.22%.lululemon athletica’s revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $6.14 earnings per share. As a group, equities research analysts predict that lululemon athletica will post 12.26 earnings per share for the current year.

Insider Transactions at lululemon athletica

In other news, insider Nicole Neuburger sold 622 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $161.00, for a total value of $100,142.00. Following the completion of the transaction, the insider directly owned 19,156 shares of the company’s stock, valued at $3,084,116. This trade represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles V. Bergh purchased 6,090 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was bought at an average cost of $164.20 per share, with a total value of $999,978.00. Following the completion of the acquisition, the director directly owned 6,090 shares of the company’s stock, valued at approximately $999,978. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On lululemon athletica

A number of large investors have recently made changes to their positions in LULU. Swiss Life Asset Management Ltd grew its position in lululemon athletica by 53.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 68,093 shares of the apparel retailer’s stock worth $14,150,000 after buying an additional 23,623 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in lululemon athletica by 46.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 25,594 shares of the apparel retailer’s stock worth $5,319,000 after buying an additional 8,134 shares in the last quarter. HighPoint Advisor Group LLC grew its position in lululemon athletica by 896.0% during the third quarter. HighPoint Advisor Group LLC now owns 17,142 shares of the apparel retailer’s stock worth $3,050,000 after buying an additional 15,421 shares in the last quarter. Rayburn West Financial Services LLC purchased a new position in lululemon athletica during the fourth quarter worth about $3,536,000. Finally, Gateway Investment Advisers LLC grew its position in lululemon athletica by 60.0% during the fourth quarter. Gateway Investment Advisers LLC now owns 45,062 shares of the apparel retailer’s stock worth $9,364,000 after buying an additional 16,901 shares in the last quarter. 85.20% of the stock is owned by institutional investors.

More lululemon athletica News

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Lululemon reached a settlement with its founder and major shareholder, which could remove an overhang and reduce uncertainty for investors. Massive News for Lululemon Stock Investors
• Positive Sentiment: Some recent coverage framed the stock as potentially undervalued after its steep drop, suggesting investors are beginning to reassess whether the selloff has gone too far. Is It Time To Reassess lululemon athletica (LULU) After A 62% One Year Share Price Fall
• Neutral Sentiment: Analysts are focused on Thursday’s earnings report, which will be the next major catalyst for the stock and likely determine whether sentiment improves or worsens. Lululemon Earnings: What To Look For From LULU
• Negative Sentiment: Sanford C. Bernstein cut its price target to $170 from $180 and kept a market perform rating, signaling only limited upside from current levels. Bernstein adjusts price target on Lululemon Athletica to 170 from 180
• Negative Sentiment: Evercore also lowered its target sharply to $130 from $175, reinforcing concerns that analysts see slower near-term performance and only modest upside. Evercore adjusts price target on Lululemon Athletica to 130 from 175
• Negative Sentiment: UBS initiated/issued a hold rating, adding to the broader wave of cautious analyst commentary around LULU. UBS Releases a Hold Rating on Lululemon Athletica (LULU)
• Negative Sentiment: One article highlighted the stock’s steep one-year decline, underscoring persistent investor concerns about valuation, growth, and momentum. Is It Time To Reassess lululemon athletica (LULU) After A 62% One Year Share Price Fall

lululemon athletica Company Profile

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.