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Lululemon stock falls on raised guidance

Jea Yu
Written by Jea Yu | Reviewed by Don Miller
January 15, 2024

Key Points

  • Sports apparel maker Lululemon raised its fourth-quarter 2023 EPS and revenue guidance on stronger-than-expected holiday sales, but shares triggered a sell-the-news reaction.
  • Lululemon continued its margin expansion, raising Q4 2023 gross margin forecasts of 6% to 58.7%, up from 58.3% to 58.6%.
  • Lululemon is down 5.6% year-to-date (YTD) and trades at 39X forward earnings with a 3.24% short interest.
  • 5 stocks we like better than Lululemon Athletica.

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Jea Yu
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Jea Yu

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Lululemon Athletica (LULU)
4.0964 of 5 stars		$332.60+1.3%N/A25.70Moderate Buy$357.13
Under Armour (UAA)
3.8644 of 5 stars		$10.07+2.8%N/A-335.55Hold$9.03
NIKE (NKE)
4.9688 of 5 stars		$76.39-0.2%1.94%21.89Moderate Buy$96.48
Compare These Stocks  Add These Stocks to My Watchlist 


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