Lululemon Athletica (NASDAQ:LULU) Issues FY25 Earnings Guidance

Lululemon Athletica (NASDAQ:LULUGet Free Report) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $14.00-14.20 for the period, compared to the consensus EPS estimate of $14.26. The company issued revenue guidance of $10.70-10.80, compared to the consensus revenue estimate of $10.94 billion. Lululemon Athletica also updated its FY 2024 guidance to 14.000-14.200 EPS.

Analyst Ratings Changes

A number of research firms have recently commented on LULU. Evercore increased their price target on shares of Lululemon Athletica from $475.00 to $540.00 and gave the company an outperform rating in a report on Tuesday, December 5th. Morgan Stanley lowered their price objective on shares of Lululemon Athletica from $539.00 to $490.00 and set an overweight rating for the company in a research report on Friday. Piper Sandler dropped their price objective on shares of Lululemon Athletica from $560.00 to $525.00 and set an overweight rating on the stock in a research note on Friday. BNP Paribas lowered shares of Lululemon Athletica from a neutral rating to an underperform rating and cut their price target for the company from $430.00 to $415.00 in a report on Friday, February 9th. Finally, Needham & Company LLC cut their price objective on shares of Lululemon Athletica from $525.00 to $500.00 and set a buy rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $496.59.

Get Our Latest Stock Report on LULU

Lululemon Athletica Stock Down 15.8 %

Lululemon Athletica stock opened at $403.19 on Friday. The stock has a market capitalization of $50.88 billion, a price-to-earnings ratio of 33.02, a P/E/G ratio of 1.67 and a beta of 1.33. The stock has a 50-day simple moving average of $464.64 and a 200 day simple moving average of $441.89. Lululemon Athletica has a 12-month low of $304.19 and a 12-month high of $516.39.

Lululemon Athletica (NASDAQ:LULUGet Free Report) last released its earnings results on Thursday, March 21st. The apparel retailer reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.00 by $0.29. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Lululemon Athletica had a return on equity of 46.89% and a net margin of 16.11%. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.40 earnings per share. As a group, sell-side analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current year.

Lululemon Athletica announced that its Board of Directors has approved a share repurchase program on Thursday, December 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to purchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Lululemon Athletica

Several institutional investors have recently added to or reduced their stakes in LULU. Vanguard Group Inc. lifted its stake in Lululemon Athletica by 32.3% during the 4th quarter. Vanguard Group Inc. now owns 9,692,968 shares of the apparel retailer’s stock worth $4,955,918,000 after acquiring an additional 2,369,118 shares in the last quarter. Alliancebernstein L.P. grew its position in Lululemon Athletica by 1,462.6% during the second quarter. Alliancebernstein L.P. now owns 1,093,563 shares of the apparel retailer’s stock valued at $413,914,000 after acquiring an additional 1,023,578 shares during the period. Schonfeld Strategic Advisors LLC grew its position in Lululemon Athletica by 7,310.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 364,318 shares of the apparel retailer’s stock valued at $116,720,000 after acquiring an additional 359,402 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Lululemon Athletica by 85.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 584,355 shares of the apparel retailer’s stock valued at $212,816,000 after buying an additional 269,653 shares during the last quarter. Finally, Imprint Wealth LLC acquired a new stake in shares of Lululemon Athletica during the 2nd quarter worth approximately $24,532,000. Hedge funds and other institutional investors own 91.50% of the company’s stock.

About Lululemon Athletica

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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.

See Also

Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

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