Barclays analyst Adrienne Yih lowered the firm’s price target on Lululemon (LULU) to $309 from $411 and keeps an Equal Weight rating on the shares. The firm notes Lululemon’s Q4 results beat expectations on sales, gross margin, SGA, and EPS due to strong performance in China and Men’s. But at the midpoint, guidance for Q1 2025 and FY25 came in about 7% and 2% below consensus, respectively, due to traffic pressure and growing macro uncertainty. Barclays remains on the sidelines as it awaits better visibility on a return to sustainable positive comparable sales in the Americas market.
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