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 Analyst Weigh In

Several equities analysts recently weighed in on LULU shares. Truist Financial increased their target price on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. UBS Group increased their price objective on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Oppenheimer cut their price target on shares of 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, Citigroup boosted their price objective on shares of Lululemon Athletica from $270.00 to $380.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average target price of $391.00.

Lululemon Athletica Stock Up 3.1 %

Shares of NASDAQ LULU opened at $400.03 on Friday. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $491.30. The business has a 50 day moving average price of $368.60 and a two-hundred day moving average price of $307.47. The firm has a market cap of $48.72 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business’s quarterly revenue 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 anticipate that Lululemon Athletica will post 14.34 earnings per share for the current year.

Insider Transactions at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the completion of the transaction, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the business’s 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 $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

About Lululemon Athletica

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.