Lululemon Athletica (NASDAQ:LULU) Issues Earnings Results

Lululemon Athletica (NASDAQ:LULUGet Free Report) issued its earnings results on Thursday. The apparel retailer reported $5.29 earnings per share for the quarter, topping the consensus estimate of $5.00 by $0.29, Briefing.com reports. Lululemon Athletica had a return on equity of 44.81% and a net margin of 10.89%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the business earned $4.40 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. Lululemon Athletica updated its Q1 guidance to $2.35-2.40 EPS and its FY25 guidance to $14.00-14.20 EPS.

Lululemon Athletica Stock Up 2.1 %

Shares of LULU stock traded up $9.79 on Thursday, reaching $478.84. The stock had a trading volume of 3,467,792 shares, compared to its average volume of 1,243,473. The firm’s 50-day moving average is $464.77 and its two-hundred day moving average is $441.63. The firm has a market capitalization of $60.42 billion, a price-to-earnings ratio of 60.92, a P/E/G ratio of 1.63 and a beta of 1.33. Lululemon Athletica has a 12 month low of $300.78 and a 12 month high of $516.39.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Jefferies Financial Group boosted their price target on Lululemon Athletica from $250.00 to $300.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 13th. Roth Capital increased their price target on Lululemon Athletica from $450.00 to $540.00 and gave the stock an “outperform” rating in a research report on Friday, December 8th. JPMorgan Chase & Co. increased their price objective on Lululemon Athletica from $500.00 to $531.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Truist Financial reiterated a “buy” rating and set a $561.00 price objective on shares of Lululemon Athletica in a research report on Tuesday. Finally, UBS Group increased their price objective on Lululemon Athletica from $429.00 to $470.00 and gave the company a “neutral” rating in a research report on Friday, December 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $503.07.

View Our Latest Report on Lululemon Athletica

Lululemon Athletica announced that its Board of Directors has initiated a share buyback plan on Thursday, December 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the apparel retailer to purchase up to 1.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Lululemon Athletica

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in Lululemon Athletica by 161.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 442 shares of the apparel retailer’s stock valued at $161,000 after buying an additional 273 shares during the last quarter. O Dell Group LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $146,000. Neo Ivy Capital Management acquired a new position in shares of Lululemon Athletica during the 2nd quarter worth approximately $142,000. State of Wyoming acquired a new position in shares of Lululemon Athletica during the 2nd quarter worth approximately $115,000. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Lululemon Athletica during the 4th quarter worth approximately $100,000. 91.50% of the stock is owned by institutional investors.

Lululemon Athletica Company Profile

(Get Free Report)

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 operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities.

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Earnings History for Lululemon Athletica (NASDAQ:LULU)

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