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

Lululemon Athletica (NASDAQ:LULU) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.560-5.640 for the period, compared to the consensus earnings per share 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

Several equities research analysts have recently commented on LULU shares. TD Cowen raised their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday. Wells Fargo & Company decreased their target price on Lululemon Athletica from $350.00 to $285.00 and set an “equal weight” rating for the company in a research report on Friday, August 23rd. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday. Oppenheimer reduced their price target on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Lululemon Athletica in a research report on Friday. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $379.52.

Lululemon Athletica Stock Performance

Shares of Lululemon Athletica stock traded up $54.79 on Friday, hitting $399.60. 10,946,907 shares of the company’s stock were exchanged, compared to its average volume of 1,599,820. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $516.39. The company has a 50-day simple moving average of $303.40 and a 200-day simple moving average of $287.81. The stock has a market capitalization of $49.06 billion, a PE ratio of 28.85, a PEG ratio of 2.50 and a beta of 1.23.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping the consensus estimate of $2.69 by $0.18. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a return on equity of 42.59% and a net margin of 16.34%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.53 earnings per share. On average, analysts expect 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 that occurred on Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.