Lululemon Athletica - LULU Stock Forecast, Price & News

31 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, 3 hold ratings, 24 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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31 brokerages have issued twelve-month target prices for Lululemon Athletica's shares. Their LULU share price forecasts range from $200.00 to $542.00. On average, they predict the company's share price to reach $406.73 in the next twelve months. This suggests a possible upside of 11.7% from the stock's current price.
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Lululemon Athletica's stock was trading at $320.38 at the beginning of the year. Since then, LULU shares have increased by 13.7% and is now trading at $364.19.
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Lululemon Athletica saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,140,000 shares, an increase of 6.1% from the February 28th total of 2,960,000 shares. Based on an average trading volume of 1,740,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.8% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
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Lululemon Athletica Inc. (NASDAQ:LULU) issued its earnings results on Tuesday, March, 28th. The apparel retailer reported $4.40 EPS for the quarter, topping analysts' consensus estimates of $4.26 by $0.14. The apparel retailer earned $2.77 billion during the quarter, compared to the consensus estimate of $2.70 billion. Lululemon Athletica had a net margin of 10.54% and a trailing twelve-month return on equity of 44.01%. Lululemon Athletica's revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.37 EPS.

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), Global X Health & Wellness ETF (BFIT), VanEck Retail ETF (RTH), Global X Millennial Consumer ETF (MILN), Putnam Sustainable Future ETF (PFUT), Nuveen Winslow Large-Cap Growth ESG ETF (NWLG) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM).

Lululemon Athletica announced that its Board of Directors has initiated a share buyback plan on Tuesday, March 29th 2022, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its shares are undervalued.

Lululemon Athletica issued an update on its first quarter 2023 earnings guidance on Wednesday, March, 29th. The company provided earnings per share (EPS) guidance of $1.93-$2.00 for the period, compared to the consensus estimate of $1.64. The company issued revenue guidance of $1.89 billion-$1.93 billion, compared to the consensus revenue estimate of $1.85 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."

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 $364.19.

Lululemon Athletica (NASDAQ:LULU) has a market capitalization of $46.44 billion and generates $8.11 billion in revenue each year. The apparel retailer earns $975.32 million in net income (profit) each year or $6.68 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.