Lululemon Analyst Is No Longer Bullish Due To Business Decline, Tariffs, Competition
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Analyst Tom Nikic downgraded Lululemon Athletica Inc's rating from Buy to Hold due to a decline in business momentum and increased competition. Despite hopes for a turnaround in 2025, the company's North America comps worsened, with a 3% decline in Q2 2025. Nikic noted that tariffs have impacted the company more than expected, and current fiscal 2026 expectations may be too high, indicating potential downside risk. Lululemon shares fell 1.57% to $176.40 at publication.
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