Oppenheimer Research Analysts Raise Earnings Estimates for Lululemon Athletica Inc. (NASDAQ:LULU)

Lululemon Athletica Inc. (NASDAQ:LULUGet Rating) – Equities research analysts at Oppenheimer increased their FY2023 earnings per share estimates for shares of Lululemon Athletica in a research note issued on Tuesday, January 10th. Oppenheimer analyst B. Nagel now anticipates that the apparel retailer will post earnings of $9.90 per share for the year, up from their prior forecast of $9.84. The consensus estimate for Lululemon Athletica’s current full-year earnings is $9.95 per share. Oppenheimer also issued estimates for Lululemon Athletica’s Q4 2023 earnings at $4.22 EPS and FY2026 earnings at $14.08 EPS.

A number of other research firms have also commented on LULU. Argus reduced their price target on Lululemon Athletica from $415.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays dropped their price objective on Lululemon Athletica from $446.00 to $445.00 and set an “overweight” rating on the stock in a research note on Monday, December 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on Lululemon Athletica from $447.00 to $422.00 in a research note on Tuesday. Robert W. Baird boosted their price objective on Lululemon Athletica from $430.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, December 9th. Finally, Wells Fargo & Company raised Lululemon Athletica from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $360.00 to $380.00 in a research note on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $408.07.

Lululemon Athletica Trading Up 1.0 %

NASDAQ LULU opened at $314.99 on Thursday. The business’s 50-day moving average price is $337.94 and its two-hundred day moving average price is $317.97. Lululemon Athletica has a 12 month low of $251.51 and a 12 month high of $410.70. The firm has a market capitalization of $40.17 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.35.

Lululemon Athletica (NASDAQ:LULUGet Rating) last released its quarterly earnings results on Thursday, December 8th. The apparel retailer reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.04. Lululemon Athletica had a return on equity of 41.13% and a net margin of 15.66%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The business’s revenue was up 28.0% on a year-over-year basis.

Institutional Trading of Lululemon Athletica

Several institutional investors and hedge funds have recently modified their holdings of LULU. Jennison Associates LLC grew its holdings in shares of Lululemon Athletica by 16.8% in the second quarter. Jennison Associates LLC now owns 4,507,815 shares of the apparel retailer’s stock valued at $1,228,875,000 after acquiring an additional 648,749 shares in the last quarter. Marsico Capital Management LLC bought a new position in shares of Lululemon Athletica in the second quarter valued at approximately $114,725,000. Marshall Wace LLP grew its holdings in shares of Lululemon Athletica by 31.1% in the third quarter. Marshall Wace LLP now owns 1,060,970 shares of the apparel retailer’s stock valued at $296,607,000 after acquiring an additional 251,546 shares in the last quarter. M&G Investment Management Ltd. grew its holdings in shares of Lululemon Athletica by 4,426.8% in the second quarter. M&G Investment Management Ltd. now owns 251,959 shares of the apparel retailer’s stock valued at $68,785,000 after acquiring an additional 246,393 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of Lululemon Athletica by 11.7% in the third quarter. Artisan Partners Limited Partnership now owns 1,963,850 shares of the apparel retailer’s stock valued at $549,014,000 after acquiring an additional 205,995 shares in the last quarter. 82.04% of the stock is owned by hedge funds and other institutional investors.

About Lululemon Athletica

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Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories 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 and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.

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Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

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