$Lululemon Athletica(LULU)$
Lululemon fell almost 18% in one day.
Big reasons:
• They cut their full-year forecast again.
• U.S. sales only grew 1%, which is weak.
• Tariffs are hitting profits, costing them about $240M this year.
• Analysts rushed to downgrade. Some even put price target at $150.
That’s why the stock sank. But at today’s price, valuation looks much lower than before. If sales improve or holiday season is strong, it could bounce.
Analysts Adjust Price Targets and Ratings for Lululemon Athletica
Several financial analysts, including TD Cowen, Needham, BTIG Research, JP Morgan, Wells Fargo, Citigroup, Barclays Capital, Piper Sandler, and Oppenheimer, have adjusted their price targets for Lululemon Athletica. TD Cowen lowered the price target to $220 from $298, Needham to $192 from $238, and BTIG Research to $303 from $375, while all maintaining a Buy rating. Additionally, Truist Financial analyst Joseph Civello also maintained a Buy rating on Lululemon Athletica. William Blair & Co downgraded the stock, while other firms maintained various ratings including Buy, Equal-Weight, and Neutral. The company's shares closed at $206.09.
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