<div id="readability-page-1"><p>Lululemon Athletica (NASDAQ:LULU - Get Free Report) updated its third quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 2.680-2.730 for the period, compared to the consensus estimate of 2.700. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.</p><div><p><span></span><span>Get <strong>Lululemon Athletica</strong> alerts:</span></p></div><h2>Lululemon Athletica Stock Up 0.1 %</h2><ul><li>Foot Locker Stock Still Holds Upside for Savvy Investors</li></ul><p>Shares of Lululemon Athletica stock opened at $259.01 on Friday. The business has a 50-day moving average price of $273.65 and a 200 day moving average price of $341.85. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $516.39. The firm has a market cap of $32.38 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.25 and a beta of 1.26. </p><p>Lululemon Athletica (NASDAQ:LULU - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $3.15 EPS for the quarter, beating the consensus estimate of $2.96 by $0.19. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the business posted $2.68 EPS. The company's quarterly revenue was up 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that Lululemon Athletica will post 14.22 earnings per share for the current year. </p><br/><ul><li>Why These 2 Off-Price Retail Stocks Are Gaining Momentum in 2024</li></ul><p>Lululemon Athletica declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the apparel retailer to buy up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several analysts recently weighed in on LULU shares. Barclays cut their price objective on shares of Lululemon Athletica from $338.00 to $263.00 and set an equal weight rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group cut Lululemon Athletica from a buy rating to a neutral rating and cut their price target for the company from $463.00 to $286.00 in a report on Friday, August 2nd. TD Cowen decreased their price objective on Lululemon Athletica from $420.00 to $375.00 and set a buy rating for the company in a report on Tuesday. Piper Sandler reaffirmed a neutral rating and set a $250.00 target price on shares of Lululemon Athletica in a research note on Friday, August 23rd. Finally, Wedbush decreased their price target on Lululemon Athletica from $400.00 to $324.00 and set an outperform rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $375.00.</p><ul><li>MarketBeat Week in Review – 8/19 - 8/23</li></ul><p><b>Read Our Latest Stock Analysis on Lululemon Athletica</b></p><h2>About Lululemon Athletica</h2> (Get Free Report)<p>Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Lululemon Athletica</li><li>Insider Trading - What You Need to Know</li><li>Ollie’s Stock Goes On Sale: It’s Time To Back Up The Truck</li><li>How to Use the MarketBeat Stock Screener </li><li>Does A&amp;F's Q2 Earnings Win Point to a Strong Holiday Season?</li><li>Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time</li><li>Best Buy Stock Flashes Bullish Signal, Challenges Remain</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TFVMVQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsEstimatesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TFVMVQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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LULU

<p>Lululemon Athletica (NASDAQ:LULU) updated its Q3 2024 earnings guidance, projecting EPS of 2.680-2.730, slightly above the consensus estimate of 2.700. Revenue guidance was set at .3 billion to .4 billion, compared to a consensus of .4 billion. In its recent earnings report, the company posted EPS of 1.15 for Q2, exceeding estimates, and reported a 9.1% year-over-year revenue increase.</p>

Lululemon Athletica (NASDAQ:LULU) Issues Q3 2024 Earnings Guidance