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

lululemon athletica (NASDAQ:LULU) had its target price reduced by equities researchers at Wells Fargo & Company from $95.00 to $90.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the apparel retailer’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 6.55% from the stock’s current price.

A number of other research analysts also recently issued reports on LULU. KeyCorp restated a “sector weight” rating on shares of lululemon athletica in a research report on Friday, September 4th. Bank of America reduced their price objective on shares of lululemon athletica from $140.00 to $122.00 and set a “neutral” rating on the stock in a research note on Friday, September 4th. Argus reiterated a “hold” rating on shares of lululemon athletica in a research report on Monday, September 14th. BTIG Research reissued a “neutral” rating on shares of lululemon athletica in a research note on Friday, September 4th. Finally, The Goldman Sachs Group lowered their target price on shares of lululemon athletica from $111.00 to $95.00 and set a “neutral” 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 assigned a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $106.64.

lululemon athletica Stock Performance

Shares of LULU stock traded down $0.79 on Monday, hitting $96.31. The company had a trading volume of 508,901 shares, compared to its average volume of 3,666,655. lululemon athletica has a twelve month low of $90.38 and a twelve month high of $225.98. The firm has a market cap of $11.16 billion, a P/E ratio of 7.88, a P/E/G ratio of 2.31 and a beta of 0.92. The stock’s 50-day moving average is $106.18 and its two-hundred day moving average is $121.06.

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. Equities research analysts predict that lululemon athletica will post 9.55 EPS for the current year.

Institutional Investors Weigh In On lululemon athletica

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of lululemon athletica during the 2nd quarter worth approximately $1,010,565,000. Flossbach Von Storch SE bought a new stake in shares of lululemon athletica in the 2nd quarter valued at $207,392,000. Bank of America Corp DE increased its stake in shares of lululemon athletica by 17.6% in the 1st quarter. Bank of America Corp DE now owns 846,381 shares of the apparel retailer’s stock valued at $129,581,000 after acquiring an additional 126,917 shares in the last quarter. Amundi lifted its position in shares of lululemon athletica by 32.8% during the 1st quarter. Amundi now owns 670,655 shares of the apparel retailer’s stock valued at $102,677,000 after acquiring an additional 165,790 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of lululemon athletica during the 2nd quarter valued at $100,660,000. 85.20% of the stock is currently owned by institutional investors.

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.