Q3 2024 Earnings Forecast for Lululemon Athletica Inc. Issued By Zacks Research (NASDAQ:LULU)

Lululemon Athletica Inc. (NASDAQ:LULU) – Research analysts at Zacks Research increased their Q3 2024 earnings per share estimates for shares of Lululemon Athletica in a note issued to investors on Thursday, September 14th. Zacks Research analyst R. Lohia now expects that the apparel retailer will earn $2.25 per share for the quarter, up from their previous estimate of $2.23. The consensus estimate for Lululemon Athletica’s current full-year earnings is $12.16 per share. Zacks Research also issued estimates for Lululemon Athletica’s FY2024 earnings at $12.02 EPS, Q1 2025 earnings at $2.40 EPS, Q2 2025 earnings at $2.91 EPS, Q3 2025 earnings at $2.58 EPS, Q4 2025 earnings at $5.49 EPS, FY2025 earnings at $13.38 EPS, Q1 2026 earnings at $2.79 EPS, Q2 2026 earnings at $3.36 EPS and FY2026 earnings at $15.53 EPS.

A number of other equities analysts also recently issued reports on the company. Sanford C. Bernstein raised Lululemon Athletica from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $328.00 to $366.00 in a research note on Tuesday, September 5th. Wells Fargo & Company increased their target price on Lululemon Athletica from $425.00 to $445.00 and gave the stock an “overweight” rating in a research note on Friday, September 1st. Robert W. Baird raised their price objective on Lululemon Athletica from $430.00 to $455.00 in a research note on Friday, September 1st. Piper Sandler increased their target price on Lululemon Athletica from $450.00 to $455.00 and gave the company an “overweight” rating in a report on Friday, September 1st. Finally, Barclays raised their price objective on Lululemon Athletica from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty have issued a buy rating and one has issued 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 $438.62.

Lululemon Athletica Trading Up 0.3 %

Lululemon Athletica stock opened at $389.93 on Monday. The stock has a market capitalization of $49.55 billion, a price-to-earnings ratio of 49.36, a PEG ratio of 1.72 and a beta of 1.39. The stock has a 50 day moving average of $382.96 and a two-hundred day moving average of $364.98. Lululemon Athletica has a twelve month low of $277.50 and a twelve month high of $406.94.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, August 31st. The apparel retailer reported $2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.14. Lululemon Athletica had a return on equity of 44.47% and a net margin of 11.40%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business posted $2.20 earnings per share. Lululemon Athletica’s revenue was up 17.8% compared to the same quarter last year.

Institutional Investors Weigh In On Lululemon Athletica

Several hedge funds have recently bought and sold shares of LULU. PFG Private Wealth Management LLC grew its position in Lululemon Athletica by 10.9% during the 1st quarter. PFG Private Wealth Management LLC now owns 286 shares of the apparel retailer’s stock valued at $104,000 after purchasing an additional 28 shares during the last quarter. First National Bank of Hutchinson lifted its position in Lululemon Athletica by 3.7% in the second quarter. First National Bank of Hutchinson now owns 779 shares of the apparel retailer’s stock worth $295,000 after buying an additional 28 shares during the last quarter. Inscription Capital LLC lifted its position in shares of Lululemon Athletica by 1.8% during the first quarter. Inscription Capital LLC now owns 1,612 shares of the apparel retailer’s stock worth $587,000 after purchasing an additional 29 shares during the last quarter. Addison Advisors LLC lifted its position in shares of Lululemon Athletica by 8.9% during the first quarter. Addison Advisors LLC now owns 356 shares of the apparel retailer’s stock worth $130,000 after purchasing an additional 29 shares during the last quarter. Finally, KRS Capital Management LLC lifted its position in shares of Lululemon Athletica by 1.7% during the first quarter. KRS Capital Management LLC now owns 1,803 shares of the apparel retailer’s stock worth $657,000 after purchasing an additional 30 shares during the last quarter. 91.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Michelle Sun Choe sold 27,981 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $401.00, for a total value of $11,220,381.00. Following the sale, the insider now directly owns 3,892 shares of the company’s stock, valued at approximately $1,560,692. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.54% 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 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.