Lululemon Athletica (NASDAQ:LULU) Issues Q4 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $5.81-5.85 for the period, compared to the consensus earnings per share estimate of $5.66. The company issued revenue guidance of $3.56-3.58 billion, compared to the consensus revenue estimate of $3.47 billion.

Analysts Set New Price Targets

LULU has been the topic of a number of research analyst reports. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on Lululemon Athletica from $425.00 to $428.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Truist Financial raised their price target on Lululemon Athletica from $420.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday. Evercore ISI boosted their price objective on Lululemon Athletica from $300.00 to $355.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $382.73.

Lululemon Athletica Trading Up 0.6 %

Shares of NASDAQ LULU opened at $395.47 on Monday. The stock has a market cap of $48.16 billion, a P/E ratio of 28.55, a P/E/G ratio of 2.78 and a beta of 1.18. The stock has a 50 day moving average of $355.92 and a two-hundred day moving average of $301.79. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the firm earned $2.53 earnings per share. As a group, research analysts predict that Lululemon Athletica will post 14.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the transaction, the insider now directly owns 12,429 shares of the company’s stock, valued at approximately $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. 0.48% of the stock is owned by insiders.

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.