lululemon athletica (NASDAQ:LULU) Cut to “Hold” at HSBC

HSBC downgraded shares of lululemon athletica (NASDAQ:LULU) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have $175.00 target price on the apparel retailer’s stock.

Several other research analysts have also commented on the company. Oppenheimer reiterated a “market perform” rating and issued a $500.00 price target on shares of lululemon athletica in a research report on Friday, September 5th. UBS Group dropped their price target on lululemon athletica from $240.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Sanford C. Bernstein dropped their target price on lululemon athletica from $350.00 to $220.00 and set an “outperform” rating for the company in a research report on Friday, September 5th. TD Securities dropped their target price on lululemon athletica from $298.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, September 5th. Finally, Zacks Research lowered lululemon athletica from a “hold” rating to a “strong sell” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, lululemon athletica presently has an average rating of “Hold” and an average target price of $243.17.

lululemon athletica Trading Up 1.1%

Shares of LULU stock opened at $165.78 on Thursday. lululemon athletica has a 12-month low of $162.80 and a 12-month high of $423.32. The stock’s 50-day moving average price is $206.37 and its 200-day moving average price is $260.59. The stock has a market capitalization of $19.87 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 6.76 and a beta of 1.12.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, September 4th. The apparel retailer reported $3.10 EPS for the quarter, topping the consensus estimate of $2.86 by $0.24. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. lululemon athletica had a return on equity of 42.05% and a net margin of 16.38%.The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $3.15 earnings per share. lululemon athletica has set its FY 2025 guidance at 12.770-12.970 EPS. Q3 2025 guidance at 2.180-2.230 EPS. As a group, research analysts predict that lululemon athletica will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Calvin Mcdonald sold 27,049 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $235.69, for a total value of $6,375,178.81. Following the completion of the transaction, the chief executive officer owned 110,564 shares of the company’s stock, valued at $26,058,829.16. The trade was a 19.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On lululemon athletica

A number of large investors have recently made changes to their positions in LULU. Norges Bank acquired a new position in shares of lululemon athletica during the second quarter worth $217,344,000. GAMMA Investing LLC increased its position in shares of lululemon athletica by 37,062.1% during the first quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer’s stock worth $159,364,000 after purchasing an additional 561,491 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of lululemon athletica by 151.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 770,336 shares of the apparel retailer’s stock worth $218,052,000 after purchasing an additional 464,186 shares in the last quarter. Nuveen LLC acquired a new position in shares of lululemon athletica during the first quarter worth $123,894,000. Finally, Geode Capital Management LLC increased its position in shares of lululemon athletica by 16.2% during the second quarter. Geode Capital Management LLC now owns 2,960,387 shares of the apparel retailer’s stock worth $700,502,000 after purchasing an additional 413,062 shares in the last quarter. 85.20% of the stock is 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.