Research Analysts Set Expectations for Lululemon Athletica Inc.’s Q4 2024 Earnings (NASDAQ:LULU)

Lululemon Athletica Inc. (NASDAQ:LULU) – Stock analysts at William Blair lifted their Q4 2024 earnings per share estimates for shares of Lululemon Athletica in a research report issued to clients and investors on Wednesday, November 15th. William Blair analyst S. Zackfia now expects that the apparel retailer will post earnings of $4.91 per share for the quarter, up from their previous estimate of $4.88. William Blair has a “Outperform” rating on the stock. The consensus estimate for Lululemon Athletica’s current full-year earnings is $12.15 per share. William Blair also issued estimates for Lululemon Athletica’s FY2025 earnings at $14.12 EPS.

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

A number of other research firms also recently issued reports on LULU. Sanford C. Bernstein raised Lululemon Athletica from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $328.00 to $366.00 in a research report on Tuesday, September 5th. Guggenheim reiterated a “buy” rating and issued a $440.00 target price on shares of Lululemon Athletica in a research report on Friday, September 1st. StockNews.com initiated coverage on Lululemon Athletica in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Barclays boosted their target price on shares of Lululemon Athletica from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, September 1st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $450.00 price target on shares of Lululemon Athletica in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $445.94.

Lululemon Athletica Trading Up 0.5 %

Shares of Lululemon Athletica stock opened at $422.44 on Friday. The stock’s fifty day simple moving average is $393.67 and its 200 day simple moving average is $381.37. The company has a market capitalization of $53.68 billion, a PE ratio of 53.47, a PEG ratio of 1.92 and a beta of 1.34. Lululemon Athletica has a 12 month low of $286.58 and a 12 month high of $437.05.

Insiders Place Their Bets

In other news, insider Michelle Sun Choe sold 27,981 shares of Lululemon Athletica stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $401.00, for a total value of $11,220,381.00. Following the transaction, the insider now owns 3,892 shares in the company, valued at $1,560,692. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of Lululemon Athletica

Several large investors have recently modified their holdings of LULU. Union Savings Bank purchased a new stake in Lululemon Athletica in the second quarter worth about $25,000. SOA Wealth Advisors LLC. bought a new position in shares of Lululemon Athletica during the second quarter valued at approximately $26,000. Milestone Investment Advisors LLC bought a new stake in shares of Lululemon Athletica during the third quarter valued at approximately $27,000. HHM Wealth Advisors LLC bought a new position in shares of Lululemon Athletica during the first quarter valued at $29,000. Finally, Bogart Wealth LLC raised its position in Lululemon Athletica by 270.0% in the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock worth $29,000 after buying an additional 54 shares during the last quarter. 91.50% of the stock is owned by institutional investors.

About Lululemon Athletica

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.