Lululemon Athletica - LULU Stock Forecast, Price & News

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lululemon Athletica in the last twelve months. There are currently 2 sell ratings, 3 hold ratings, 21 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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27 brokerages have issued 12-month target prices for Lululemon Athletica's shares. Their LULU share price forecasts range from $200.00 to $542.00. On average, they anticipate the company's share price to reach $404.11 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price.
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Lululemon Athletica's stock was trading at $320.38 at the beginning of 2023. Since then, LULU stock has decreased by 3.0% and is now trading at $310.85.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
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Lululemon Athletica Inc. (NASDAQ:LULU) released its earnings results on Thursday, December, 8th. The apparel retailer reported $2.00 EPS for the quarter, topping the consensus estimate of $1.96 by $0.04. The apparel retailer earned $1.86 billion during the quarter, compared to analysts' expectations of $1.81 billion. Lululemon Athletica had a trailing twelve-month return on equity of 41.13% and a net margin of 15.66%. The firm's quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 earnings per share.

Lululemon Athletica declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 29th 2022, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its stock is undervalued.

Lululemon Athletica updated its fourth quarter 2022 earnings guidance on Friday, January, 27th. The company provided earnings per share guidance of $4.22-$4.27 for the period, compared to the consensus earnings per share 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 a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.37%), LGT Capital Partners LTD. (0.23%), Congress Asset Management Co. MA (0.22%), M&G Investment Management Ltd. (0.22%), Strs Ohio (0.21%) and Natixis Advisors L.P. (0.15%). 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 $310.85.

Lululemon Athletica (NASDAQ:LULU) has a market capitalization of $39.64 billion and generates $6.26 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.