Lululemon Athletica - LULU Stock Forecast, Price & News

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lululemon Athletica in the last year. There are currently 1 sell rating, 6 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LULU shares.
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24 equities research analysts have issued twelve-month price targets for Lululemon Athletica's stock. Their LULU share price forecasts range from $200.00 to $531.00. On average, they predict the company's share price to reach $403.69 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price.
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Lululemon Athletica's stock was trading at $391.45 at the start of the year. Since then, LULU stock has decreased by 20.8% and is now trading at $310.05.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, December 8th 2022.
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Lululemon Athletica Inc. (NASDAQ:LULU) posted its quarterly earnings data on Thursday, September, 1st. The apparel retailer reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.34. The apparel retailer earned $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Lululemon Athletica had a net margin of 15.60% and a trailing twelve-month return on equity of 40.95%. The business's revenue was up 28.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 EPS.

Lululemon Athletica announced that its board has authorized a share repurchase program on Tuesday, March 29th 2022, which authorizes the company to repurchase $1,000,000,000.00 in 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 programs are often an indication that the company's board believes its shares are undervalued.

Lululemon Athletica issued an update on its third quarter 2022 earnings guidance on Thursday, September, 29th. The company provided earnings per share guidance of $1.90-$1.95 for the period, compared to the consensus estimate of $1.78. The company issued revenue guidance of $1.78 billion-$1.80 billion, compared to the consensus revenue estimate of $1.73 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 retail and institutional investors. Top institutional investors include First Hawaiian Bank (0.00%), Modus Advisors LLC (0.00%), Fulton Bank N.A. (0.00%), Park National Corp OH (0.00%) and AdvisorNet Financial Inc (0.00%). Insiders that own company stock include Calvin Mcdonald, Celeste Burgoyne, David M Mussafer, Dennis J Wilson, Kathryn Henry, Kourtney Gibson, Martha A M Morfitt, Michelle Sun Choe and Stuart Haselden.
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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 $310.05.

Lululemon Athletica (NASDAQ:LULU) has a market capitalization of $39.53 billion and generates $6.26 billion in revenue each year. The apparel retailer earns $975.32 million in net income (profit) each year or $8.54 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.