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

Lululemon Athletica (NASDAQ:LULUGet Free Report) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 5.810-5.850 for the period, compared to the consensus 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.

Lululemon Athletica Trading Up 1.3 %

NASDAQ LULU opened at $387.85 on Friday. The firm’s fifty day moving average price is $365.84 and its two-hundred day moving average price is $306.17. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $491.30. The firm has a market capitalization of $47.23 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $2.36 billion. During the same period last year, the business posted $2.53 EPS. Lululemon Athletica’s revenue was up 9.1% on a year-over-year basis. On average, research analysts anticipate that Lululemon Athletica will post 14.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Morgan Stanley boosted their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday, January 15th. Raymond James reiterated an “outperform” rating and issued a $430.00 target price (up previously from $400.00) on shares of Lululemon Athletica in a research report on Wednesday, January 15th. Wells Fargo & Company upped their target price on Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price target on the stock in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $391.00.

Get Our Latest Stock Report on LULU

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 shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 12,429 shares of the company’s stock, valued at $5,040,456.66. The trade was a 66.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

About Lululemon Athletica

(Get Free Report)

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.

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Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

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