Citigroup Cuts lululemon athletica (NASDAQ:LULU) Price Target to $117.00

lululemon athletica (NASDAQ:LULU) had its price target lowered by Citigroup from $130.00 to $117.00 in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm currently has a neutral rating on the apparel retailer’s stock.

A number of other research firms have also issued reports on LULU. Zacks Research raised shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group lowered their price objective on shares of lululemon athletica from $111.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of lululemon athletica from $171.00 to $127.00 and set a “hold” rating on the stock in a research note on Monday, June 8th. Stifel Nicolaus cut their target price on shares of lululemon athletica from $134.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, September 4th. Finally, Wells Fargo & Company decreased 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, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $111.54.

lululemon athletica Trading Up 2.2%

Shares of LULU stock opened at $98.97 on Wednesday. The company has a market capitalization of $11.74 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 2.47 and a beta of 0.87. lululemon athletica has a 1-year low of $95.67 and a 1-year high of $225.98. The stock’s fifty day simple moving average is $116.77 and its 200-day simple moving average is $133.51.

lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $1.13. lululemon athletica had a return on equity of 27.69% and a net margin of 12.78%.The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the business earned $3.10 EPS. The business’s revenue for the quarter 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. On average, sell-side analysts predict that lululemon athletica will post 8.91 EPS for the current year.

Insider Buying and Selling

In other lululemon athletica news, Director Charles Bergh bought 4,275 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $117.05 per share, with a total value of $500,388.75. Following the completion of the transaction, the director directly owned 10,365 shares of the company’s stock, valued at approximately $1,213,223.25. The trade was a 70.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On lululemon athletica

Several institutional investors and hedge funds have recently modified their holdings of LULU. Rayburn West Financial Services LLC acquired a new position in lululemon athletica in the 4th quarter valued at $3,536,000. Baird Financial Group Inc. grew its position in shares of lululemon athletica by 7.4% in the second quarter. Baird Financial Group Inc. now owns 413,412 shares of the apparel retailer’s stock valued at $47,203,000 after purchasing an additional 28,643 shares during the last quarter. MUFG Securities EMEA plc increased its stake in shares of lululemon athletica by 9,695.1% in the fourth quarter. MUFG Securities EMEA plc now owns 204,424 shares of the apparel retailer’s stock worth $42,481,000 after purchasing an additional 202,337 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of lululemon athletica in the fourth quarter worth about $13,989,000. Finally, OP Asset Management Ltd acquired a new position in shares of lululemon athletica during the 1st quarter worth about $1,664,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

Trending Headlines about lululemon athletica

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

• Positive Sentiment: Investor Michael Burry described lululemon as a potential “generational buying opportunity” below $100, arguing that the market may be overreacting to the company’s recent weakness. Cramer and Burry on Lululemon
• Positive Sentiment: The stock’s low valuation and decline toward its 52-week low may be attracting contrarian investors, despite concerns about slowing sales.
• Neutral Sentiment: Multiple law firms announced investigations into potential securities-law violations related to lululemon’s growth outlook and business condition. The announcements are investor solicitations and do not establish wrongdoing. LULU investor investigation
• Negative Sentiment: Analyst sentiment deteriorated: BMO initiated coverage with an Underperform rating and a $70 target, while Citigroup lowered its expectations. Analysts cited weakening demand in North America and China, margin pressure, and uncertainty around fiscal 2027. Analyst downgrades
• Negative Sentiment: The key fundamental issue remains the reduced FY2026 revenue outlook of $10.35 billion to $10.50 billion, down approximately $650 million at the midpoint, with third-quarter revenue expected to decline 10% to 11%. Revenue also fell 4% year over year in the latest quarter. LULU outlook reduction

About lululemon athletica

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel, footwear and accessories. The company’s products are developed for activities including yoga, running, training, tennis and other forms of exercise, as well as everyday use. Its offerings include leggings, tops, shorts, outerwear, footwear, bags and fitness accessories for women and men.

Founded in 1998 in Vancouver, British Columbia, lululemon began as a yoga-focused apparel company and has expanded into a broader performance and lifestyle brand.