lululemon athletica (NASDAQ:LULU) Stock Gets Price Target Cut from Wells Fargo & Company

lululemon athletica (NASDAQ:LULU) had its price objective decreased by Wells Fargo & Company from $95.00 to $90.00 in a research note published on Monday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the apparel retailer’s stock.

Several other brokerages have also recently weighed in on LULU. BMO Capital Markets began coverage on lululemon athletica in a research note on Wednesday, September 9th. They issued an “underperform” rating and a $70.00 price target on the stock. Guggenheim reissued a “neutral” rating on shares of lululemon athletica in a research report on Friday, September 4th. Telsey Advisory Group lowered their price objective on lululemon athletica from $122.00 to $110.00 and set a “market perform” rating for the company in a research report on Friday, September 4th. Robert W. Baird dropped their target price on shares of lululemon athletica from $140.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, September 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of lululemon athletica in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $106.64.

lululemon athletica Stock Performance

LULU stock opened at $96.53 on Monday. lululemon athletica has a fifty-two week low of $90.38 and a fifty-two week high of $225.98. The business’s 50 day moving average price is $104.58 and its two-hundred day moving average price is $119.84. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 2.38 and a beta of 0.92.

lululemon athletica (NASDAQ:LULU) last announced its earnings results 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. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. lululemon athletica had a return on equity of 27.69% and a net margin of 12.78%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.10 EPS. 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. Sell-side analysts forecast that lululemon athletica will post 9.55 earnings per share for the current year.

Hedge Funds Weigh In On lululemon athletica

Several large investors have recently made changes to their positions in the business. Rexford Capital Inc. purchased a new stake in shares of lululemon athletica in the 1st quarter worth approximately $31,000. Gould Capital LLC bought a new position in lululemon athletica during the 1st quarter valued at approximately $32,000. Reflection Asset Management bought a new position in lululemon athletica during the 4th quarter valued at approximately $46,000. Cassaday & Co Wealth Management LLC purchased a new position in lululemon athletica during the first quarter valued at $38,000. Finally, Allied Private Wealth LLC purchased a new position in lululemon athletica during the second quarter valued at $34,000. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

lululemon athletica News Summary

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

• Positive Sentiment: Some investors see a potential turnaround opportunity at a substantially lower valuation. Lululemon has approximately $1.4 billion in cash, no debt, ongoing share buybacks and reported insider buying. New CEO Heidi O’Neill is rebuilding the leadership team and focusing on product innovation and the pipeline, which could help restore growth if execution improves. Lululemon: Don’t Confuse Crisis With Death Lululemon Is Down 54% and Trades at 8.5 Times Earnings
• Neutral Sentiment: Management’s leadership reorganization is intended to improve product development and decision-making, but investors are waiting for evidence that the changes can produce stronger products, better demand and sustainable sales growth. Lululemon Is Reorganizing Its Leadership Team
• Negative Sentiment: The main pressure is a deepening Americas sales slump, including weak leggings demand, failed product launches and customer alienation. Rising competition and a shift among teenagers from athletic apparel toward fashion are adding to concerns about market share and the company’s turnaround prospects. lululemon’s Americas Sales Slump Deepens Turnaround Concerns Teen Spending Up as They Trade Athletic Apparel for Fashion
• Negative Sentiment: Wells Fargo lowered its LULU price target to $90, while other analysts have cut targets after two disappointing quarterly reports. The reduced expectations reinforce concerns over slowing growth, margin compression and the timing of any recovery. Wells Fargo Cuts Target to $90
• Negative Sentiment: Multiple law firms announced investigations into potential securities-law violations following LULU’s sharp decline and disappointing results. These notices may increase headline and litigation risk, although they do not establish wrongdoing. LULU Loss Notice and Securities Fraud Investigation

About lululemon athletica

lululemon athletica inc. is a Vancouver, British Columbia-based designer, distributor and retailer of technical athletic apparel, footwear and accessories. The company serves consumers seeking products for yoga, running, training, fitness and other active lifestyles.

Its product portfolio includes women’s and men’s apparel, sports bras, leggings, tops, shorts, outerwear, footwear, bags and related accessories. lululemon sells its products through company-operated stores, e-commerce platforms and selected other channels, while also offering community-based fitness and wellness experiences connected to its brand.

Founded in 1998 by Chip Wilson, lululemon has expanded from its roots in yoga apparel into an international athletic and lifestyle brand.