Equities Analysts Issue Forecasts for LULU FY2028 Earnings

Lululemon Athletica Inc. (NASDAQ:LULU) – Zacks Research issued their FY2028 earnings estimates for shares of Lululemon Athletica in a research report issued to clients and investors on Thursday, April 10th. Zacks Research analyst R. Lohia expects that the apparel retailer will earn $18.02 per share for the year. The consensus estimate for Lululemon Athletica’s current full-year earnings is $14.36 per share.

A number of other analysts have also recently weighed in on LULU. Robert W. Baird dropped their target price on shares of Lululemon Athletica from $450.00 to $370.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Wells Fargo & Company dropped their price objective on shares of Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Friday, March 28th. JPMorgan Chase & Co. decreased their target price on Lululemon Athletica from $391.00 to $389.00 and set an “overweight” rating for the company in a research note on Monday. Piper Sandler lowered their target price on Lululemon Athletica from $315.00 to $280.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Finally, Telsey Advisory Group reduced their price objective on Lululemon Athletica from $445.00 to $385.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $371.72.

Lululemon Athletica Trading Down 1.6 %

Shares of NASDAQ LULU opened at $255.64 on Monday. The business has a 50 day simple moving average of $326.21 and a 200-day simple moving average of $339.03. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32. The company has a market capitalization of $30.84 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.31.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, topping the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $5.29 earnings per share.

Institutional Trading of Lululemon Athletica

A number of hedge funds and other institutional investors have recently made changes to their positions in LULU. Price T Rowe Associates Inc. MD grew its position in Lululemon Athletica by 95.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer’s stock worth $1,854,160,000 after buying an additional 2,371,079 shares during the last quarter. Mawer Investment Management Ltd. acquired a new position in shares of Lululemon Athletica in the 4th quarter worth $523,520,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Lululemon Athletica during the fourth quarter worth $370,062,000. Alliancebernstein L.P. lifted its holdings in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer’s stock valued at $1,681,682,000 after purchasing an additional 571,657 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Lululemon Athletica by 37,062.1% in the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer’s stock valued at $159,364,000 after purchasing an additional 561,491 shares during the period. 85.20% of the stock is currently owned by institutional investors.

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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.