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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.
  • Interested in Lululemon Athletica? Here are five stocks we like better.
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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)
4.319 of 5 stars		$259.76-0.5%N/A18.76Moderate Buy$371.72
Under Armour (UAA)
4.1818 of 5 stars		$5.44+4.8%N/A-18.76Hold$9.12
NIKE (NKE)
4.8927 of 5 stars		$55.37+1.8%2.89%17.09Moderate Buy$86.19
Compare These Stocks  Add These Stocks to My Watchlist 

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