Lululemon Athletica (NASDAQ:LULU) Issues 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 (EPS) guidance of 5.560-5.640 for the period, compared to the consensus 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.

Lululemon Athletica Price Performance

LULU traded up $62.05 during trading hours on Friday, hitting $406.86. 4,589,726 shares of the stock were exchanged, compared to its average volume of 2,092,530. The stock has a market cap of $49.95 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.49 and a beta of 1.23. The stock has a 50-day simple moving average of $303.40 and a 200-day simple moving average of $287.81. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, beating 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 16.34% and a return on equity of 42.59%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 EPS. Sell-side analysts expect that Lululemon Athletica will post 13.94 EPS for the current year.

Wall Street Analysts Forecast Growth

LULU has been the subject of a number of analyst reports. Sanford C. Bernstein reduced their target price on shares of Lululemon Athletica from $345.00 to $325.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Evercore ISI increased their price objective on Lululemon Athletica from $300.00 to $355.00 and gave the stock an “outperform” rating in a report on Monday. TD Cowen lifted their target price on Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday. Telsey Advisory Group increased their price target on Lululemon Athletica from $360.00 to $430.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Truist Financial lifted their price objective on shares of Lululemon Athletica from $360.00 to $420.00 and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and an average target price of $366.26.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $269.59, for a total transaction of $131,020.74. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by company 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.