lululemon athletica (NASDAQ:LULU) Releases Q3 2026 Earnings Guidance

lululemon athletica (NASDAQ:LULU) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.930-0.980 for the period, compared to the consensus EPS estimate of 2.520. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.6 billion. lululemon athletica also updated its FY 2026 guidance to 9.480-9.730 EPS.

Analyst Ratings Changes

LULU has been the topic of a number of recent research reports. Sanford C. Bernstein decreased their target price on lululemon athletica from $170.00 to $145.00 and set a “market perform” rating on the stock in a report on Wednesday, June 3rd. Zacks Research upgraded shares of lululemon athletica from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Bank of America dropped their target price on shares of lululemon athletica from $175.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Barclays lowered their price objective on lululemon athletica from $161.00 to $113.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Finally, Truist Financial cut lululemon athletica from a “hold” rating to a “sell” rating and cut their target price for the stock from $115.00 to $94.00 in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twenty-five have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, lululemon athletica currently has an average rating of “Reduce” and a consensus target price of $148.38.

lululemon athletica Stock Up 1.4%

NASDAQ LULU traded up $1.70 on Thursday, reaching $121.77. The company had a trading volume of 15,839,498 shares, compared to its average volume of 3,211,143. The stock has a market capitalization of $14.45 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 2.46 and a beta of 0.87. lululemon athletica has a 12 month low of $104.44 and a 12 month high of $225.98. The firm’s 50 day moving average price is $118.56 and its 200 day moving average price is $137.00.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings data on Thursday, September 3rd. The apparel retailer reported $2.92 EPS for the quarter, beating the consensus estimate of $1.79 by $1.13. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.46 billion. lululemon athletica had a net margin of 13.03% and a return on equity of 31.26%. The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.10 EPS. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. On average, research analysts expect that lululemon athletica will post 10.93 EPS for the current year.

Insider Activity at lululemon athletica

In other news, Director Charles Bergh purchased 4,275 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $117.05 per share, with a total value of $500,388.75. Following the completion of the purchase, the director owned 10,365 shares in the company, valued at approximately $1,213,223.25. This represents a 70.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

More lululemon athletica News

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Lululemon reported diluted second-quarter EPS of $2.92, well above the $1.79 analyst consensus. The company also repurchased 2.7 million shares for $330 million, while international revenue increased 4%. Lululemon Second Quarter Fiscal 2026 Results
• Positive Sentiment: Investor Michael Burry expressed support for LULU ahead of the earnings release, arguing that the shareholder base has substantially changed. Recent insider purchases may also provide a modest confidence signal, although they are not a fundamental catalyst. Michael Burry on Lululemon Shareholder Base
• Neutral Sentiment: Heidi O’Neill is scheduled to become CEO next week. Her leadership transition could support a longer-term turnaround, but investors will likely want evidence of improved products, marketing and execution before assigning significant value to the change. Lululemon Cuts Annual Outlook
• Negative Sentiment: Second-quarter revenue fell 4% to $2.416 billion, net income dropped to $329.2 million from $370.9 million, and comparable sales declined 9%—or 10% in constant currency. Americas revenue fell 8%, highlighting the company’s core-market weakness. Lululemon Stock Plunges on Earnings
• Negative Sentiment: Lululemon reduced its 2026 revenue forecast to $10.35 billion–$10.50 billion from $11.00 billion–$11.15 billion and now expects diluted EPS of $9.48–$9.73. The downgrade reinforces concerns about softening demand and intensifying competition from newer activewear brands. Lululemon Cuts Outlook Again
• Negative Sentiment: Analysts and retail commentators questioned Lululemon’s fashion assortment and said the company needs a broader product overhaul, raising doubts about how quickly the turnaround can improve sales. A $134.5 million tariff refund boosted quarterly EPS by $0.86 after tax, making underlying earnings quality less favorable. Lululemon Sales Drop Raises Turnaround Concerns

Institutional Trading of lululemon athletica

Several hedge funds have recently modified their holdings of LULU. Corient Private Wealth LLC raised its holdings in shares of lululemon athletica by 265.9% during the 4th quarter. Corient Private Wealth LLC now owns 42,985 shares of the apparel retailer’s stock worth $8,933,000 after acquiring an additional 31,236 shares in the last quarter. Blue Sparrow LLC DE purchased a new position in shares of lululemon athletica in the fourth quarter valued at $11,430,000. Mercer Global Advisors Inc. ADV increased its position in lululemon athletica by 18.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 21,142 shares of the apparel retailer’s stock worth $4,322,000 after purchasing an additional 3,313 shares during the last quarter. Vident Advisory LLC increased its position in lululemon athletica by 293.0% in the fourth quarter. Vident Advisory LLC now owns 13,181 shares of the apparel retailer’s stock worth $2,739,000 after purchasing an additional 9,827 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its position in lululemon athletica by 26.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 41,743 shares of the apparel retailer’s stock worth $8,675,000 after purchasing an additional 8,711 shares during the last quarter. 85.20% of the stock is owned by hedge funds and other institutional investors.

About lululemon athletica

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.