Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) – Analysts at Zacks Research boosted their Q1 2024 earnings per share estimates for Lululemon Athletica in a research report issued on Monday, April 10th. Zacks Research analyst R. Lohia now expects that the apparel retailer will post earnings of $1.93 per share for the quarter, up from their previous forecast of $1.63. The consensus estimate for Lululemon Athletica's current full-year earnings is $11.43 per share. Zacks Research also issued estimates for Lululemon Athletica's FY2024 earnings at $11.54 EPS, FY2024 earnings at $11.54 EPS, Q4 2025 earnings at $5.30 EPS and Q4 2025 earnings at $5.30 EPS.
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Lululemon Athletica (NASDAQ:LULU – Get Rating) last issued its quarterly earnings data on Tuesday, March 28th. The apparel retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.14. Lululemon Athletica had a return on equity of 44.01% and a net margin of 10.54%. The company had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the previous year, the firm posted $3.37 earnings per share. The firm's revenue for the quarter was up 30.2% on a year-over-year basis.
Other analysts have also issued research reports about the company. Oppenheimer boosted their price target on Lululemon Athletica from $393.00 to $400.00 and gave the company an "outperform" rating in a report on Wednesday, February 8th. StockNews.com began coverage on Lululemon Athletica in a research report on Thursday, March 16th. They set a "hold" rating on the stock. Cowen dropped their target price on Lululemon Athletica from $516.00 to $488.00 in a research report on Tuesday, January 10th. Guggenheim increased their price objective on Lululemon Athletica from $400.00 to $440.00 and gave the company a "buy" rating in a report on Wednesday, March 29th. Finally, KGI Securities upgraded Lululemon Athletica from a "neutral" rating to an "outperform" rating in a report on Wednesday, March 29th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of "Moderate Buy" and a consensus price target of $407.03.
Lululemon Athletica Price Performance
Shares of NASDAQ:LULU opened at $364.38 on Thursday. Lululemon Athletica has a 1 year low of $251.51 and a 1 year high of $410.70. The business has a 50 day simple moving average of $322.49 and a two-hundred day simple moving average of $323.28. The firm has a market capitalization of $46.34 billion, a PE ratio of 54.55, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39.
Insider Transactions at Lululemon Athletica
In related news, insider Celeste Burgoyne sold 17,343 shares of the business's stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $362.00, for a total transaction of $6,278,166.00. Following the transaction, the insider now directly owns 15,302 shares of the company's stock, valued at $5,539,324. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.46% of the stock is currently owned by insiders.
Institutional Trading of Lululemon Athletica
A number of institutional investors and hedge funds have recently modified their holdings of LULU. Silicon Valley Capital Partners acquired a new position in Lululemon Athletica during the 4th quarter valued at $25,000. Elequin Securities LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter worth about $28,000. Corrado Advisors LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter worth about $29,000. Guardian Wealth Advisors LLC bought a new stake in shares of Lululemon Athletica in the 3rd quarter worth about $26,000. Finally, Mizuho Securities Co. Ltd. grew its holdings in shares of Lululemon Athletica by 423.8% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 110 shares of the apparel retailer's stock worth $35,000 after purchasing an additional 89 shares during the last quarter. 82.04% of the stock is currently owned by institutional investors and hedge funds.
Lululemon Athletica Company Profile
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lululemon athletica, Inc engages in the business of designing, distributing, and retailing technical athletic apparel, footwear, and accessories. It operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The company was founded by Dennis James Wilson in 1998 and is headquartered in Vancouver, Canada.
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