Lululemon Athletica (NASDAQ:LULU) Updates 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.

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 company has a market cap of $48.72 billion, a PE ratio of 28.88, a P/E/G ratio of 2.50 and a beta of 1.18. The company’s 50-day moving average price is $368.60 and its 200 day moving average price is $307.47.

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, beating analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the company posted $2.53 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that Lululemon Athletica will post 14.34 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on LULU shares. Oppenheimer lowered their price target on Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. KeyCorp raised their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday. Robert W. Baird boosted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Morgan Stanley boosted their target price on Lululemon Athletica from $414.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, January 15th. Two research 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. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and a consensus price target of $391.00.

Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction 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 sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Celeste Burgoyne sold 24,870 shares of the company’s stock in a transaction on Monday, December 9th. The stock was 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 in the company, 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. Company insiders own 0.48% of the company’s stock.

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.