Lululemon Athletica (NASDAQ:LULU) Releases Q4 2024 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.560-5.640 for the period, compared to the consensus estimate of 5.600. The company issued revenue guidance of $3.5 billion-$3.5 billion, compared to the consensus revenue estimate of $3.5 billion. Lululemon Athletica also updated its FY 2024 guidance to 14.080-14.160 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LULU. Stifel Nicolaus dropped their target price on Lululemon Athletica from $416.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Evercore ISI boosted their target price on Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a research report on Monday. Oppenheimer dropped their target price on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a report on Monday. Finally, TD Securities upped their price objective on Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $359.56.

Lululemon Athletica Stock Performance

LULU traded up $2.54 during trading on Thursday, reaching $344.81. 4,350,702 shares of the company traded hands, compared to its average volume of 2,085,386. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $516.39. The firm has a fifty day simple moving average of $301.88 and a 200 day simple moving average of $287.41. The company has a market cap of $42.34 billion, a P/E ratio of 26.44, a PEG ratio of 2.49 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.36 billion. During the same period last year, the firm posted $2.53 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Lululemon Athletica will post 13.94 earnings per share for the current fiscal year.

Insider Transactions at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $1,670,918.82. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate 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.