Lululemon Athletica (NASDAQ:LULU) Releases Q4 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.56-$5.64 for the period, compared to the consensus earnings per share estimate of $5.62. The company issued revenue guidance of $3.475-$3.510 billion, compared to the consensus revenue estimate of $3.50 billion. Lululemon Athletica also updated its FY 2024 guidance to 14.080-14.160 EPS.

Analyst Ratings Changes

Several brokerages recently weighed in on LULU. Piper Sandler boosted their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a research report on Friday. Telsey Advisory Group upped their target price on shares of Lululemon Athletica from $360.00 to $430.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday. Barclays upped their price objective on Lululemon Athletica from $261.00 to $378.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, BMO Capital Markets lifted their target price on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a report on Friday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $379.52.

Lululemon Athletica Stock Up 15.9 %

Lululemon Athletica stock opened at $399.60 on Friday. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $516.39. The stock has a 50-day moving average price of $303.40 and a 200 day moving average price of $287.81. The company has a market capitalization of $49.06 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.18. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the company posted $2.53 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that Lululemon Athletica will post 13.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 486 shares of Lululemon Athletica stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.48% of the company’s stock.

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.