Q4 2024 EPS Estimates for Lululemon Athletica Inc. Raised by William Blair (NASDAQ:LULU)

Lululemon Athletica Inc. (NASDAQ:LULU) – Research analysts at William Blair upped their Q4 2024 EPS estimates for shares of Lululemon Athletica in a report released on Wednesday, November 15th. William Blair analyst S. Zackfia now forecasts that the apparel retailer will post earnings per share of $4.91 for the quarter, up from their previous estimate of $4.88. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Lululemon Athletica’s current full-year earnings is $12.15 per share. William Blair also issued estimates for Lululemon Athletica’s FY2025 earnings at $14.12 EPS.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, August 31st. The apparel retailer reported $2.68 EPS for the quarter, beating the consensus estimate of $2.54 by $0.14. Lululemon Athletica had a net margin of 11.40% and a return on equity of 44.47%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the company posted $2.20 EPS. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on LULU. Barclays boosted their price objective on shares of Lululemon Athletica from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, September 1st. Guggenheim restated a “buy” rating and issued a $440.00 price objective on shares of Lululemon Athletica in a research report on Friday, September 1st. BMO Capital Markets raised their price objective on Lululemon Athletica from $355.00 to $376.00 and gave the stock a “market perform” rating in a research note on Friday, September 1st. Evercore ISI initiated coverage on Lululemon Athletica in a research note on Tuesday, November 7th. They issued an “outperform” rating and a $475.00 target price for the company. Finally, Piper Sandler upped their target price on shares of Lululemon Athletica from $450.00 to $455.00 and gave the company an “overweight” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $445.94.

Lululemon Athletica Trading Down 2.8 %

NASDAQ LULU opened at $420.28 on Friday. The company has a market capitalization of $53.40 billion, a PE ratio of 53.20, a P/E/G ratio of 1.92 and a beta of 1.34. Lululemon Athletica has a 12 month low of $286.58 and a 12 month high of $437.05. The stock has a 50-day simple moving average of $393.15 and a 200 day simple moving average of $381.11.

Insider Activity

In related news, insider Michelle Sun Choe sold 27,981 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $401.00, for a total transaction of $11,220,381.00. Following the transaction, the insider now directly owns 3,892 shares of the company’s stock, valued at $1,560,692. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Union Savings Bank bought a new position in Lululemon Athletica in the 2nd quarter worth about $25,000. SOA Wealth Advisors LLC. purchased a new stake in Lululemon Athletica in the 2nd quarter worth approximately $26,000. Milestone Investment Advisors LLC bought a new position in Lululemon Athletica in the 3rd quarter valued at $27,000. Bogart Wealth LLC grew its position in shares of Lululemon Athletica by 270.0% during the 3rd quarter. Bogart Wealth LLC now owns 74 shares of the apparel retailer’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Finally, Altshuler Shaham Ltd bought a new position in shares of Lululemon Athletica in the second quarter worth $30,000. 91.50% 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 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.