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Lululemon Athletica (NASDAQ:LULU) Inc’s stock reached a 52-week low, touching 186.88 USD, reflecting the company’s recent challenges in the market. According to InvestingPro data, the company maintains impressive gross profit margins of 59% and strong liquidity, with current assets exceeding short-term obligations by 2.28x. Over the past year, Lululemon’s stock has experienced a significant decline, with a 1-year change of -21.63%. While technical indicators from InvestingPro suggest the stock is in oversold territory, management has been actively buying back shares, demonstrating confidence in the company’s fundamentals. This downturn suggests a shift in investor sentiment, possibly influenced by broader market conditions or company-specific issues. The 52-week low marks a significant point for the athletic apparel retailer, as it navigates the competitive landscape and attempts to regain its footing in the market. InvestingPro analysis suggests the stock is currently undervalued, with 12+ additional exclusive insights available to subscribers.
In other recent news, Lululemon Athletica Inc. has announced the opening of its first store in Italy, located in Milan’s central shopping district. The store spans approximately 5,700 square feet and offers a variety of collections for yoga, running, training, tennis, and golf. Meanwhile, several analyst firms have adjusted their price targets for Lululemon. Wells Fargo (NYSE:WFC) has lowered its price target to $225, citing potential downward revisions to earnings estimates. Piper Sandler has also reduced its target to $200, expressing concerns over increasing competition from brands like Alo and Vuori in key U.S. markets and Canada. Jefferies has decreased its price target to $160, maintaining an Underperform rating due to growth concerns, despite Lululemon’s expansion in Italy. Evercore ISI has adjusted its price target to $265, removing Lululemon from its Top 5 Outperform list and replacing it with Ulta Beauty (NASDAQ:ULTA). These developments reflect ongoing challenges and strategic moves for Lululemon in the competitive athletic apparel market.
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