Lululemon Trading Volume Drops 33.15% Despite Stock Price Gain, JPMorgan Downgrades to Neutral

On July 23, 2025, Lululemon Athletica (LULU) saw a trading volume of $495 million, marking a 33.15% decrease from the previous day. The stock price rose by 0.04%, marking the second consecutive day of gains, with a total increase of 0.37% over the past two days.

JPMorgan analyst Matthew Boss downgraded Lululemon Athletica from Overweight to Neutral, citing challenges in China and the U.S. The analyst also lowered the price target from $303 to $224, reflecting concerns over elevated markdowns and cautious consumer spending.

Boss's downgrade was based on the company's high valuation and potential headwinds in key markets. The analyst noted that Lululemon's same-store sales and conversion rates could face challenges, particularly in the face of a slowing economy and increased competition.

Despite the downgrade, some analysts remain optimistic about Lululemon's long-term prospects. The company's strong brand and loyal customer base continue to drive growth, and its focus on innovation and sustainability could position it well for future success.