Lululemon Athletica (NASDAQ:LULU – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.920-2.970 for the period, compared to the consensus earnings per share estimate of 3.010. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.5 billion. Lululemon Athletica also updated its FY 2024 guidance to 14.270-14.470 EPS.
Lululemon Athletica Stock Performance
Shares of NASDAQ:LULU traded up $1.49 during trading on Wednesday, reaching $308.27. The company had a trading volume of 6,278,949 shares, compared to its average volume of 1,961,958. Lululemon Athletica has a twelve month low of $293.03 and a twelve month high of $516.39. The firm has a market capitalization of $38.85 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The firm’s fifty day moving average is $344.92 and its 200 day moving average is $425.16.
Lululemon Athletica (NASDAQ:LULU – Get Free Report) last issued its quarterly earnings results on Wednesday, June 5th. The apparel retailer reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.15. Lululemon Athletica had a return on equity of 44.41% and a net margin of 16.11%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the firm earned $2.28 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities analysts predict that Lululemon Athletica will post 14.08 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Research Report on Lululemon Athletica
Insiders Place Their Bets
In other news, Director Martha A. M. Morfitt purchased 700 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average cost of $389.29 per share, for a total transaction of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares of the company’s stock, valued at approximately $194,645. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.48% 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 offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.
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