Lululemon Athletica - LULU Stock Forecast, Price & News

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lululemon Athletica in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" LULU shares.
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24 Wall Street research analysts have issued 12 month price targets for Lululemon Athletica's shares. Their LULU share price forecasts range from $200.00 to $531.00. On average, they expect the company's stock price to reach $403.69 in the next year. This suggests a possible upside of 37.7% from the stock's current price.
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Lululemon Athletica's stock was trading at $391.45 on January 1st, 2022. Since then, LULU shares have decreased by 25.1% and is now trading at $293.20.
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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) issued its quarterly earnings results on Thursday, September, 1st. The apparel retailer reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.34. The apparel retailer earned $1.87 billion during the quarter, compared to analysts' expectations of $1.77 billion. Lululemon Athletica had a trailing twelve-month return on equity of 40.95% and a net margin of 15.60%. The company's revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 EPS.

Lululemon Athletica declared that its Board of Directors has authorized a share buyback program 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 repurchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Lululemon Athletica issued an update on its third quarter 2022 earnings guidance on Thursday, September, 22nd. The company provided earnings per share (EPS) guidance of $1.90-$1.95 for the period, compared to the consensus earnings per share 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 institutional and retail investors. Top institutional shareholders include FMR LLC (14.43%), Price T Rowe Associates Inc. MD (4.86%), Jennison Associates LLC (3.53%), WCM Investment Management LLC (3.35%), State Street Corp (2.06%) and Artisan Partners Limited Partnership (1.38%). 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 $293.20.

Lululemon Athletica (NASDAQ:LULU) has a market capitalization of $37.39 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.