Lululemon stock falls on raised guidance

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.
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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Lululemon Athletica (LULU)	4.3805 of 5 stars 4.38 / 5 stars	$253.50	+2.5%	N/A	20.33	Moderate Buy	$416.26
Under Armour (UAA)	3.4953 of 5 stars 3.50 / 5 stars	$6.90	+1.8%	N/A	12.77	Reduce	$7.04
NIKE (NKE)	4.9533 of 5 stars 4.95 / 5 stars	$72.57	+1.6%	2.04%	19.46	Hold	$96.30