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

Lululemon Athletica (NASDAQ:LULU) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 5.810-5.850 for the period, compared to the consensus earnings per share estimate of 5.660. The company issued revenue guidance of $3.6 billion-$3.6 billion, compared to the consensus revenue estimate of $3.5 billion.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Telsey Advisory Group upped their price target on shares of Lululemon Athletica from $430.00 to $445.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Stifel Nicolaus reissued a “buy” rating and issued a $438.00 target price (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Sanford C. Bernstein upgraded Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Barclays boosted their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average price target of $391.00.

Lululemon Athletica Price Performance

LULU opened at $400.03 on Friday. The firm has a market cap of $48.72 billion, a PE ratio of 28.88, a P/E/G ratio of 2.50 and a beta of 1.18. The stock has a 50-day moving average price of $368.60 and a 200-day moving average price of $307.47. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $491.30.

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 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the company earned $2.53 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lululemon Athletica will post 14.34 EPS for the current year.

Insider Activity at Lululemon Athletica

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

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.