Lululemon Athletica (NASDAQ:LULU) Receives Outperform Rating from Telsey Advisory Group

Lululemon Athletica (NASDAQ:LULUGet Free Report)‘s stock had its “outperform” rating reaffirmed by equities researchers at Telsey Advisory Group in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $550.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 36.41% from the stock’s current price. Telsey Advisory Group also issued estimates for Lululemon Athletica’s Q1 2025 earnings at $2.40 EPS, Q2 2025 earnings at $3.11 EPS, Q3 2025 earnings at $2.84 EPS, Q4 2025 earnings at $5.90 EPS and FY2025 earnings at $14.22 EPS.

Several other brokerages also recently weighed in on LULU. Barclays upped their target price on shares of Lululemon Athletica from $530.00 to $610.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. Sanford C. Bernstein upped their target price on shares of Lululemon Athletica from $400.00 to $430.00 and gave the stock a “market perform” rating in a report on Thursday, January 4th. BNP Paribas downgraded shares of Lululemon Athletica from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $430.00 to $415.00 in a report on Friday, February 9th. KeyCorp increased their price objective on shares of Lululemon Athletica from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Friday, January 12th. Finally, Roth Capital increased their price objective on shares of Lululemon Athletica from $450.00 to $540.00 and gave the company an “outperform” rating in a report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $496.59.

Read Our Latest Research Report on Lululemon Athletica

Lululemon Athletica Price Performance

Shares of LULU stock opened at $403.19 on Friday. Lululemon Athletica has a 1 year low of $304.19 and a 1 year high of $516.39. The firm has a fifty day moving average price of $463.10 and a 200-day moving average price of $442.16. The company has a market cap of $50.88 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 1.67 and a beta of 1.33.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last issued its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate of $5.00 by $0.29. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 46.89%. Lululemon Athletica’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.40 EPS. Equities research analysts expect that Lululemon Athletica will post 14.36 EPS for the current year.

Lululemon Athletica announced that its board has authorized a share buyback program on Thursday, December 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the apparel retailer to purchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Lululemon Athletica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its stake in Lululemon Athletica by 600.0% in the 4th quarter. Valley National Advisers Inc. now owns 49 shares of the apparel retailer’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Tidemark LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $26,000. Scarborough Advisors LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $26,000. Morton Brown Family Wealth LLC bought a new position in Lululemon Athletica in the 4th quarter worth about $31,000. Finally, Richardson Financial Services Inc. bought a new position in shares of Lululemon Athletica during the fourth quarter valued at approximately $31,000. 91.50% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

(Get Free Report)

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

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Analyst Recommendations for Lululemon Athletica (NASDAQ:LULU)

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