Bank of America Cuts lululemon athletica (NASDAQ:LULU) Price Target to $122.00

lululemon athletica (NASDAQ:LULU) had its target price reduced by Bank of America from $140.00 to $122.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the apparel retailer’s stock.

Several other research analysts have also issued reports on LULU. Zacks Research upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Daiwa Securities Group reduced their price objective on shares of lululemon athletica from $173.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. Robert W. Baird decreased their price objective on shares of lululemon athletica from $140.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday. Weiss Ratings downgraded shares of lululemon athletica from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 24th. Finally, Wells Fargo & Company dropped their target price on shares of lululemon athletica from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $116.46.

lululemon athletica Stock Performance

Shares of LULU stock opened at $100.61 on Friday. lululemon athletica has a 1-year low of $97.99 and a 1-year high of $225.98. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 2.05 and a beta of 0.87. The stock has a 50-day moving average of $118.42 and a 200-day moving average of $136.08.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $1.13. lululemon athletica had a return on equity of 27.69% and a net margin of 12.78%.The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the firm earned $3.10 earnings per share. The firm’s quarterly revenue 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. Sell-side analysts forecast that lululemon athletica will post 11.14 earnings per share for the current year.

Insider Transactions at lululemon athletica

In other lululemon athletica news, Director Charles Bergh purchased 4,275 shares of the company’s stock in a transaction on Monday, June 15th. The shares were purchased at an average cost of $117.05 per share, with a total value of $500,388.75. Following the completion of the purchase, the director owned 10,365 shares in the company, valued at $1,213,223.25. This represents a 70.20% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.54% of the company’s stock.

Institutional Trading of lululemon athletica

Hedge funds have recently modified their holdings of the stock. Uniplan Investment Counsel Inc. acquired a new position in shares of lululemon athletica during the 4th quarter valued at $26,000. Elyxium Wealth LLC bought a new position in lululemon athletica during the fourth quarter worth $31,000. Rexford Capital Inc. bought a new position in lululemon athletica during the first quarter worth $31,000. DV Equities LLC acquired a new stake in lululemon athletica in the fourth quarter worth $31,000. Finally, Gould Capital LLC acquired a new stake in lululemon athletica in the first quarter worth $32,000. Institutional investors 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: 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.