Lululemon Athletica (NASDAQ:LULU) Issues Q2 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $2.92-2.97 for the period, compared to the consensus EPS estimate of $3.03. The company issued revenue guidance of $2.40-2.42 billion, compared to the consensus revenue estimate of $2.45 billion. Lululemon Athletica also updated its FY25 guidance to $14.27-14.47 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LULU. Robert W. Baird lowered their price target on shares of Lululemon Athletica from $555.00 to $505.00 and set an outperform rating for the company in a report on Friday, April 19th. TD Cowen lowered their price target on shares of Lululemon Athletica from $515.00 to $437.00 and set a buy rating for the company in a report on Wednesday, May 29th. BTIG Research initiated coverage on shares of Lululemon Athletica in a research note on Wednesday, May 8th. They issued a buy rating and a $425.00 price objective on the stock. KeyCorp reduced their price objective on shares of Lululemon Athletica from $570.00 to $515.00 and set an overweight rating on the stock in a research note on Friday, March 22nd. Finally, Jefferies Financial Group cut their price target on shares of Lululemon Athletica from $300.00 to $240.00 and set an underperform rating on the stock in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $445.65.

Lululemon Athletica Stock Up 0.5 %

LULU traded up $1.49 on Wednesday, hitting $308.27. The company’s stock had a trading volume of 5,458,445 shares, compared to its average volume of 1,936,775. The company’s 50 day simple moving average is $344.92 and its 200-day simple moving average is $425.16. The firm has a market cap of $38.85 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. Lululemon Athletica has a 12 month low of $293.03 and a 12 month high of $516.39.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, topping the consensus estimate of $2.39 by $0.15. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.20 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. Lululemon Athletica’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $2.28 EPS. Equities analysts predict that Lululemon Athletica will post 14.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Lululemon Athletica

In other news, Director Martha A. M. Morfitt purchased 700 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was purchased at an average cost of $389.29 per share, with a total value of $272,503.00. Following the acquisition, the director now directly owns 500 shares in the company, valued at $194,645. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.48% of the company’s stock.

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