What's Going On With Lululemon Stock Thursday?

Lululemon Athletica Inc. LULU is in the spotlight Thursday ahead of second quarter earnings today after the market closes.What To Know: Analysts estimate earnings per share of $2.88 and revenue of $2.54 billion. The company previously guided net revenue of between $2.53 billion and $2.56 billion.In the company’s first quarter, it reported earnings per share of $2.60, beating the consensus estimate of $2.58. In addition, Lululemon reported revenue of $2.37 billion, beating the consensus estimate of $2.36 billion.The company has a strong history of beating the consensus estimate for both revenue and earnings per share in recent quarters.Analyst Changes: Ahead of the earnings report, multiple analysts issued price target adjustments. Needham analyst Tom Nikic maintained a Buy rating on Lululemon and lowered the price target from $317 to $238. Citigroup analyst Paul Lejuez maintained a Neutral rating on Lululemon and lowered the price target from $270 to $220. BTIG analyst Janine Stichter maintained a Buy rating on Lululemon and lowered the price target from $405 to $375. B of A Securities analyst Lorraine Hutchinson maintained a Buy rating on Lululemon and lowered the price target from $370 to $300. Morgan Stanley analyst Alexandra Steiger maintained an Equal-Weight rating on Lululemon and lowered the price target from $280 to $223. The consensus price target for Lululemon is $303.98, with the lowest price target at $200.00 and the highest price target at $500.00.Related Link: Token Listings Should Prioritize Transparency, Community Participation, Says CoinW FounderLULU Price Action: At the time of publication, Lululemon stock is trading 2.36% higher at $203.22, according to data from Benzinga Pro.Image via Shutterstock