Lululemon Athletica Inc. NASDAQ: LULU odzież sportowa

[slayer74]

Investing.com - Lululemon Athletica (NASDAQ: LULU) reported first quarter EPS of $2.28, $0.32 better than the analyst estimate of $1.96. Revenue for the quarter came in at $2B versus the consensus estimate of $1.92B.

Guidance
Lululemon Athletica sees Q2 2024 EPS of $2.47-$2.52 versus the analyst consensus of $2.50.

Lululemon Athletica sees Q2 2024 revenue of $2.14B-$2.17B versus the analyst consensus of $2.16B.

Lululemon Athletica sees FY 2024 EPS of $11.74-$11.94 versus the analyst consensus of $11.61.

Lululemon Athletica sees FY 2024 revenue of $9.44B-$9.51B versus the analyst consensus of $9.37B.

Lululemon Athletica's stock price closed at $328.35. It is up 3.64% in the last 3 months and up 8.52% in the last 12 months.

Lululemon Athletica saw 21 positive EPS revisions and 0 negative EPS revisions in the last 90 days. See Lululemon Athletica's stock price’s past reactions to earnings here.

[slayer74]

Lululemon Athletica a 'high-quality asset on sale' - Morgan Stanley

Morgan Stanley analysts reiterated an Overweight rating and $424 price target on Lululemon Athletica (NASDAQ:LULU) Thursday, stating the company is a "high-quality asset on sale."

The firm hosted investor meetings with LULU CEO Calvin McDonald, CFO Meghan Frank, and VP of Investor Relations Howard Tubin in Boston last week.

"We continue to view LULU as a high-quality asset on sale, given its 1) superior financial profile, 2) likelihood of ongoing beats & raises, & 3) potential to expand across geographies, channels, & categories L-T," the analysts wrote.

Analysts stated that there were a number of key takeaways from their meeting with LULU management, including China potentially supporting above-algo revenue growth for longer, an incremental North America revenue growth opportunity via higher OTM & men's penetration, and GM potentially still having room to move higher over time.

"In our view, LULU has approached the Chinese market in a unique way that could make it one of the few NA specialty retailers to succeed in the region," said analysts. "In fact, it's possible ongoing outsized China growth could support above-algo topline growth (15%) growth for longer than we had previously anticipated."

They added that "while LULU's NA door opportunity may be more limited," there is potentially an additional revenue/door opportunity over time.

https://www.investing.com/news/stock-ma ... SI-3111141

[slayer74]

Lululemon Athletica (NASDAQ:LULU) stock rose 5.6% after the athleisure apparel retailer said its third quarter was "off to a solid start" as the North American business improves, lifting its annual profit and revenue forecasts for a second time.

[slayer74]

Lululemon (NASDAQ:LULU) stock rose 6.3% with the athleticwear company set to join the benchmark S&P 500 index on Wednesday, S&P Dow Jones Indices confirmed last week.

[slayer74]

NEW YORK (Reuters) - Lululemon Athletica (NASDAQ:LULU)'s stock jumped by more than 10% to an almost two-year high on Monday buoyed by the addition of the Canadian sportswear maker into the Wall Street benchmark S&P 500 index.

Lululemon will replace Activision Blizzard (NASDAQ:ATVI) in the S&P 500 index, effective before the market open on Oct. 18, after Microsoft (NASDAQ:MSFT) completed its blockbuster $69 billion deal to acquire the videogame publisher, according to an S&P Dow Jones Indices statement late on Friday.

Inclusion of a company into the S&P 500 usually causes demand for its shares to jump as mutual fund managers and other institutional investors tracking the index begin adding the stock to their portfolios.

Lululemon's shares rose as high as $416.01 on Monday, their highest level since December 2021. The stock is now up nearly 30% year-to-date, giving the company a market capitalization of more than $52 billion.

In September, Lululemon agreed to a deal with Peloton Interactive (NASDAQ:PTON) to become the primary athletic-apparel maker for the U.S. fitness bike manufacturer. In return, Peloton would become the exclusive digital fitness content provider for the apparel maker, developing all content for Lululemon Studio beginning in early 2024.

Lululemon had lifted its third-quarter annual profit and revenue forecast for a second time in August, citing an improvement in its North American business.

The company's stock is trading at about 28 times its next 12-month's earnings, compared to its five-year historical average of about 40 times, per LSEG data.

Among the 32 analysts covering Lululemon's stock, the median price target is $450 and their current recommendation is "buy", LSEG data shows.