William Blair Issues Pessimistic Forecast for LULU Earnings

Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) - Stock analysts at William Blair dropped their FY2027 earnings estimates for Lululemon Athletica in a research note issued on Tuesday, May 27th. William Blair analyst S. Zackfia now expects that the apparel retailer will post earnings per share of $15.81 for the year, down from their prior forecast of $16.92. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for Lululemon Athletica's current full-year earnings is $14.36 per share.

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

LULU has been the topic of a number of other research reports. UBS Group cut their price target on shares of Lululemon Athletica from $376.00 to $335.00 and set a "neutral" rating on the stock in a research note on Friday, March 28th. Wells Fargo & Company cut their price objective on shares of Lululemon Athletica from $315.00 to $300.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Citigroup boosted their price target on Lululemon Athletica from $275.00 to $325.00 and gave the company a "neutral" rating in a report on Thursday. Telsey Advisory Group cut their price target on Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating on the stock in a report on Friday, March 28th. Finally, Argus lowered Lululemon Athletica from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $369.52.

Lululemon Athletica Trading Down 1.2%

Shares of NASDAQ:LULU traded down $3.66 during trading on Friday, hitting $313.43. 3,649,987 shares of the company's stock traded hands, compared to its average volume of 2,162,057. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $423.32. The company has a 50-day moving average price of $284.85 and a 200-day moving average price of $337.88. The company has a market cap of $37.81 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in Lululemon Athletica by 95.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,848,613 shares of the apparel retailer's stock worth $1,854,160,000 after buying an additional 2,371,079 shares during the period. Mawer Investment Management Ltd. bought a new position in Lululemon Athletica during the fourth quarter worth about $523,520,000. Diamond Hill Capital Management Inc. bought a new position in Lululemon Athletica during the fourth quarter worth about $370,062,000. Alliancebernstein L.P. increased its holdings in shares of Lululemon Athletica by 14.9% during the fourth quarter. Alliancebernstein L.P. now owns 4,397,588 shares of the apparel retailer's stock worth $1,681,682,000 after purchasing an additional 571,657 shares during the period. Finally, GAMMA Investing LLC increased its stake in Lululemon Athletica by 37,062.1% during the 1st quarter. GAMMA Investing LLC now owns 563,006 shares of the apparel retailer's stock worth $159,364,000 after acquiring an additional 561,491 shares during the period. 85.20% of the stock is owned by institutional investors.

About Lululemon Athletica

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.