Lululemon Athletica (NASDAQ:LULU) Issues Q1 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.53-$2.58 for the period, compared to the consensus estimate of $2.72. The company issued revenue guidance of $2.335-$2.355 billion, compared to the consensus revenue estimate of $2.39 billion. Lululemon Athletica also updated its FY 2025 guidance to 14.950-15.150 EPS.

Lululemon Athletica Stock Up 1.1 %

Lululemon Athletica stock opened at $341.53 on Friday. The stock has a 50-day moving average price of $366.25 and a 200 day moving average price of $338.67. The company has a market capitalization of $41.59 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $423.32.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, March 27th. The apparel retailer reported $6.14 EPS for the quarter, beating the consensus estimate of $5.85 by $0.29. The business had revenue of $3.60 billion during 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 business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the business posted $5.29 EPS. Research analysts anticipate that Lululemon Athletica will post 14.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LULU shares. Guggenheim boosted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a report on Friday, December 6th. BMO Capital Markets boosted their price target on Lululemon Athletica from $265.00 to $302.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Raymond James reaffirmed an “outperform” rating and set a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a research note on Wednesday, January 15th. Robert W. Baird boosted their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, TD Securities raised their price target on shares of Lululemon Athletica from $382.00 to $383.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $393.45.

Hedge Funds Weigh In On Lululemon Athletica

A hedge fund recently bought a new stake in Lululemon Athletica stock. Brighton Jones LLC purchased a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,121 shares of the apparel retailer’s stock, valued at approximately $429,000. 85.20% of the stock is 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.