Lululemon Athletica Inc. (NASDAQ:LULU) – Investment analysts at Piper Sandler lowered their Q4 2022 earnings estimates for shares of Lululemon Athletica in a note issued to investors on Tuesday, January 11th. Piper Sandler analyst E. Murphy now forecasts that the apparel retailer will post earnings per share of $3.25 for the quarter, down from their previous estimate of $3.29. Piper Sandler also issued estimates for Lululemon Athletica’s Q4 2023 earnings at $4.01 EPS and Q3 2024 earnings at $2.31 EPS.
Other analysts have also issued reports about the company. B. Riley decreased their price objective on Lululemon Athletica from $548.00 to $487.00 in a research note on Friday, January 7th. Morgan Stanley cut their price objective on Lululemon Athletica from $404.00 to $300.00 and set an “equal weight” rating for the company in a report on Tuesday. Cowen dropped their target price on Lululemon Athletica from $523.00 to $491.00 and set an “outperform” rating for the company in a report on Wednesday. Wells Fargo & Company increased their target price on Lululemon Athletica from $410.00 to $420.00 and gave the company an “equal weight” rating in a report on Friday, December 10th. Finally, Citigroup lowered their price target on Lululemon Athletica from $435.00 to $400.00 in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $448.96.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, December 9th. The apparel retailer reported $1.62 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.21. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.44 billion. Lululemon Athletica had a return on equity of 34.83% and a net margin of 14.86%. Lululemon Athletica’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company posted $1.16 earnings per share.
Several institutional investors have recently bought and sold shares of LULU. Lord Abbett & CO. LLC grew its stake in shares of Lululemon Athletica by 2,475.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 632,032 shares of the apparel retailer’s stock worth $255,784,000 after buying an additional 607,494 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Lululemon Athletica by 6.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,628,764 shares of the apparel retailer’s stock worth $3,149,240,000 after buying an additional 540,785 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Lululemon Athletica by 73.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 1,143,678 shares of the apparel retailer’s stock valued at $417,408,000 after purchasing an additional 482,605 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Lululemon Athletica during the 2nd quarter valued at $127,445,000. Finally, Macquarie Group Ltd. boosted its stake in Lululemon Athletica by 398.0% during the 2nd quarter. Macquarie Group Ltd. now owns 427,814 shares of the apparel retailer’s stock valued at $156,140,000 after purchasing an additional 341,906 shares during the last quarter. Institutional investors own 81.56% of the company’s stock.
Lululemon Athletica Company Profile
lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.
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