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

Lululemon Athletica (NASDAQ:LULU) updated its fourth quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 5.810-5.850 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Jefferies Financial Group reiterated an “underperform” rating and set a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Telsey Advisory Group lifted their price objective on Lululemon Athletica from $430.00 to $445.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Guggenheim increased their target price on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $391.00.

Lululemon Athletica Price Performance

Shares of LULU opened at $387.85 on Friday. The company’s fifty day moving average price is $365.84 and its 200-day moving average price is $306.17. The firm has a market capitalization of $47.23 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $491.30.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS 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 firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the prior year, the firm earned $2.53 earnings per share. Lululemon Athletica’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, research analysts anticipate that Lululemon Athletica will post 14.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Celeste Burgoyne sold 24,870 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 12,429 shares of the company’s stock, valued at $5,040,456.66. This trade represents a 66.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicole Neuburger sold 2,022 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total value of $782,736.42. Following the transaction, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate 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.