Lululemon Athletica (NASDAQ:LULU) Issues Q4 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $5.81-5.85 for the period, compared to the consensus earnings per share estimate of $5.66. The company issued revenue guidance of $3.56-3.58 billion, compared to the consensus revenue estimate of $3.47 billion.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LULU. Barclays boosted their price objective on shares of Lululemon Athletica from $261.00 to $378.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Morgan Stanley boosted their target price on Lululemon Athletica from $345.00 to $414.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Telsey Advisory Group raised their price target on Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Robert W. Baird increased their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Piper Sandler increased their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $382.73.

Lululemon Athletica Trading Up 0.9 %

Shares of LULU opened at $398.86 on Tuesday. The company’s fifty day simple moving average is $357.53 and its 200-day simple moving average is $302.43. The company has a market cap of $48.57 billion, a P/E ratio of 28.80, a P/E/G ratio of 2.78 and a beta of 1.18. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data 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 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm earned $2.53 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts predict that Lululemon Athletica will post 14.17 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total value of $782,736.42. Following the sale, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

Lululemon Athletica Company Profile

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.