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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.
  • MarketBeat previews the top five stocks to own by July 1st.

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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)
3.5039 of 5 stars		$334.91+3.7%N/A24.18Moderate Buy$367.10
Under Armour (UAA)
4.1965 of 5 stars		$6.55+0.7%N/A-22.60Hold$7.33
NIKE (NKE)
4.9027 of 5 stars		$62.39+1.3%2.56%19.26Moderate Buy$80.26
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