lululemon athletica (NASDAQ:LULU) Given New $90.00 Price Target at Wells Fargo & Company

lululemon athletica (NASDAQ:LULU) had its price objective cut by stock analysts at Wells Fargo & Company from $95.00 to $90.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the apparel retailer’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 6.55% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. BNP Paribas Exane reduced their price objective on lululemon athletica from $88.00 to $44.00 and set an “underperform” rating for the company in a research note on Friday, September 4th. Citigroup decreased their price objective on lululemon athletica from $130.00 to $117.00 and set a “neutral” rating for the company in a report on Wednesday, September 9th. Stifel Nicolaus lowered their target price on lululemon athletica from $134.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, September 4th. Zacks Research cut lululemon athletica from a “hold” rating to a “strong sell” rating in a report on Thursday, September 17th. Finally, KeyCorp reiterated a “sector weight” rating on shares of lululemon athletica in a report on Friday, September 4th. One equities research 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. According to MarketBeat.com, lululemon athletica presently has an average rating of “Reduce” and an average target price of $106.64.

lululemon athletica Price Performance

Shares of LULU traded down $0.79 during trading hours on Monday, hitting $96.31. The stock had a trading volume of 508,901 shares, compared to its average volume of 3,666,655. The firm has a 50 day simple moving average of $106.18 and a 200-day simple moving average of $121.06. The firm has a market capitalization of $11.16 billion, a P/E ratio of 7.88, a price-to-earnings-growth ratio of 2.31 and a beta of 0.92. lululemon athletica has a 1-year low of $90.38 and a 1-year high of $225.98.

lululemon athletica (NASDAQ:LULU) last issued its earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, beating 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 business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company posted $3.10 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year. 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. Equities analysts predict that lululemon athletica will post 9.55 EPS for the current fiscal year.

Institutional Trading of lululemon athletica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in lululemon athletica in the second quarter worth $1,010,565,000. Flossbach Von Storch SE bought a new stake in shares of lululemon athletica in the second quarter valued at $207,392,000. Legal & General Group Plc bought a new stake in shares of lululemon athletica in the second quarter valued at $100,660,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of lululemon athletica during the 2nd quarter valued at $82,551,000. Finally, Deutsche Bank AG purchased a new position in shares of lululemon athletica during the 2nd quarter valued at $80,580,000. 85.20% of the stock is owned by institutional investors.

lululemon athletica Company Profile

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.