Lululemon Is Tumbling After Earnings, but Analysts Are Praising the Stock


Lululemon Athletica stock is falling on Wednesday, a day after the athletic apparel maker’s fiscal second-quarter earnings report, although analysts are cheering the results.

Telsey Advisory Group’s Dana Telsey kept an Outperform rating and $440 price target on the shares. “The impressive revenue and earnings beat for the quarter, fueled by the digital and international business, show that underlying demand for LULU’s products remains strong and its growth drivers remain intact despite the significant store disruptions related to Covid,” she wrote.

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