Lululemon Athletica (NASDAQ:LULU) Releases Q1 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU - Get Free Report) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $2.53-$2.58 for the period, compared to the consensus earnings per share 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 Performance

Lululemon Athletica stock traded down $10.00 during trading hours on Monday, reaching $283.06. 4,411,495 shares of the company's stock traded hands, compared to its average volume of 2,153,835. The firm has a market capitalization of $34.47 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.22 and a beta of 1.21. The firm's 50 day moving average is $364.63 and its 200-day moving average is $340.22. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32.

Lululemon Athletica (NASDAQ:LULU - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm's revenue was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.29 EPS. Analysts predict that Lululemon Athletica will post 14.36 EPS for the current year.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup set a $330.00 price objective on Lululemon Athletica and gave the company a "negative" rating in a report on Friday. Needham & Company LLC decreased their price objective on shares of Lululemon Athletica from $475.00 to $430.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Wells Fargo & Company dropped their target price on shares of Lululemon Athletica from $375.00 to $315.00 and set an "equal weight" rating on the stock in a report on Friday. TD Cowen lifted their price target on Lululemon Athletica from $382.00 to $383.00 in a report on Thursday, December 5th. Finally, Sanford C. Bernstein upgraded Lululemon Athletica from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $360.00 to $460.00 in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and an average target price of $380.72.

Institutional Inflows and Outflows

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 - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,121 shares of the apparel retailer's stock, valued at approximately $429,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

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.