Lululemon Athletica (NASDAQ:LULU) Updates Q1 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.53-$2.58 for the period, compared to the consensus earnings per share estimate of $2.72. The company issued revenue guidance of $2.335-$2.355 billion, compared to the consensus revenue estimate of $2.39 billion. Lululemon Athletica also updated its FY 2025 guidance to 14.950-15.150 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. William Blair restated an “outperform” rating on shares of Lululemon Athletica in a research report on Friday, December 6th. Raymond James reaffirmed an “outperform” rating and issued a $430.00 target price (up from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Telsey Advisory Group reissued an “outperform” rating and issued a $445.00 price objective on shares of Lululemon Athletica in a report on Thursday, March 20th. KeyCorp increased their price target on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets upped their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $395.55.

Lululemon Athletica Stock Up 1.1 %

Lululemon Athletica stock traded up $3.74 during midday trading on Thursday, reaching $341.53. The company’s stock had a trading volume of 3,395,393 shares, compared to its average volume of 2,071,343. The business has a 50-day simple moving average of $366.84 and a 200-day simple moving average of $338.65. The company has a market cap of $41.59 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.85 by $0.29. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.29 earnings per share. As a group, equities analysts forecast that Lululemon Athletica will post 14.36 earnings per share for the current year.

Institutional Investors Weigh In On Lululemon Athletica

A hedge fund recently bought a new stake in Lululemon Athletica stock. Brighton Jones LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,121 shares of the apparel retailer’s stock, valued at approximately $429,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

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.