Stifel downgrades Lululemon stock to Hold on domestic pressures

Published 05/09/2025, 09:54
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Investing.com - Stifel downgraded Lululemon Athletica Inc. (NASDAQ:LULU) from Buy to Hold on Friday, while significantly reducing its price target to $205.00 from $324.00. The stock, which has declined over 41% in the past six months, currently trades at a P/E ratio of 13.9x and a favorable PEG ratio of 0.75x. According to InvestingPro analysis, LULU appears undervalued at current levels.

The downgrade comes as Lululemon faces mounting challenges from domestic market pressures and the removal of the de minimis exemption, which led to a substantial cut in the company’s FY25 guidance. Despite these challenges, InvestingPro data shows the company maintains impressive gross profit margins of 59.1% and strong revenue growth of 9.2% over the last twelve months.

The revised guidance implies a 4.4% decrease in second-half revenue and a 22% drop in second-half EPS at the midpoint, according to Stifel analyst Peter McGoldrick.

Lululemon has acknowledged underperformance within the casual side of its business, which represents approximately 40% of its revenue mix. The firm believes reigniting brand momentum in the U.S. market will take longer than previously anticipated.

While international growth remains intact, Stifel expects Lululemon’s return on invested capital (ROIC) to compress from 39.7% in 2024 to 27.0% in 2026, facing pressure from fixed cost deleverage on slower sales and external shocks from trade policy changes.

In other recent news, Lululemon Athletica Inc. reported its financial results for the second quarter of fiscal year 2025. The company achieved an earnings per share (EPS) of $3.10, surpassing analyst forecasts of $2.87. However, its revenue came in at $2.53 billion, slightly below expectations of $2.54 billion. Despite the earnings beat, the revenue miss was notable for investors. These developments have been part of the latest updates surrounding Lululemon. The company’s financial performance continues to be closely watched by analysts and investors alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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