Lululemon Athletica - LULU Stock Forecast, Price & News

28 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lululemon Athletica in the last twelve months. There are currently 3 sell ratings, 4 hold ratings, 20 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" LULU shares.
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28 analysts have issued twelve-month price targets for Lululemon Athletica's stock. Their LULU share price forecasts range from $200.00 to $542.00. On average, they anticipate the company's share price to reach $398.80 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price.
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Lululemon Athletica's stock was trading at $320.38 on January 1st, 2023. Since then, LULU shares have decreased by 2.2% and is now trading at $313.45.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 28th 2023.
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Lululemon Athletica will be holding an earnings conference call on Tuesday, March 28th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Lululemon Athletica Inc. (NASDAQ:LULU) announced its quarterly earnings results on Thursday, December, 9th. The apparel retailer reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.21. The apparel retailer had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.44 billion. Lululemon Athletica had a net margin of 15.66% and a trailing twelve-month return on equity of 41.13%. Lululemon Athletica's revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.16 earnings per share.

ETFs with the largest weight of Lululemon Athletica (NASDAQ:LULU) stock in their portfolio include Putnam BioRevolution ETF (SYNB), IQ Winslow Focused Large Cap Growth ETF (IWFG), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Global X Health & Wellness ETF (BFIT), VanEck Retail ETF (RTH), Global X Millennials Consumer ETF (MILN), Putnam Sustainable Future ETF (PFUT) and Nuveen Winslow Large-Cap Growth ESG ETF (NWLG).

Lululemon Athletica declared that its Board of Directors has approved a stock repurchase plan on Tuesday, March 29th 2022, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Lululemon Athletica updated its fourth quarter 2022 earnings guidance on Friday, January, 27th. The company provided EPS guidance of $4.22-$4.27 for the period, compared to the consensus EPS estimate of $4.30. The company issued revenue guidance of $2.66 billion-$2.70 billion, compared to the consensus revenue estimate of $2.67 billion.

532 employees have rated Lululemon Athletica Chief Executive Officer Calvin McDonald on Glassdoor.com. Calvin McDonald has an approval rating of 96% among the company's employees. This puts Calvin McDonald in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lululemon Athletica investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Tesla (TSLA), Salesforce (CRM), PayPal (PYPL), Advanced Micro Devices (AMD), Walt Disney (DIS), Block (SQ) and Adobe (ADBE).

Lululemon Athletica trades on the NASDAQ under the ticker symbol "LULU."

Lululemon Athletica's stock is owned by many different institutional and retail investors. Top institutional investors include Jennison Associates LLC (3.39%), Price T Rowe Associates Inc. MD (3.13%), Edgewood Management LLC (2.02%), WCM Investment Management LLC (1.99%), Artisan Partners Limited Partnership (1.51%) and Geode Capital Management LLC (1.26%). Insiders that own company stock include Calvin Mcdonald, Celeste Burgoyne, Dennis J Wilson, Kathryn Henry, Kourtney Gibson, Martha A M Morfitt and Michelle Sun Choe.
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Shares of LULU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LULU stock can currently be purchased for approximately $313.45.

Lululemon Athletica (NASDAQ:LULU) has a market capitalization of $39.97 billion and generates $7.47 billion in revenue each year. The apparel retailer earns $975.32 million in net income (profit) each year or $9.10 on an earnings per share basis.

The company employs 29,000 workers across the globe.

Lululemon Athletica's mailing address is 1818 CORNWALL AVENUE, VANCOUVER A1, V6J 1C7. The official website for the company is www.lululemon.com. The apparel retailer can be reached via phone at (604) 732-6124, via email at investors@lululemon.com, or via fax at 604-874-6124.