Lululemon Athletica Inc. is set to announce its first-quarter earnings results after the market closes on Thursday, June 5. Analysts anticipate that the Vancouver-based athletic apparel company will report earnings of $2.59 per share, a slight increase from $2.54 per share in the same period last year. Revenue forecasts suggest a growth to $2.37 billion, up from $2.21 billion the previous year.
In its most recent fourth-quarter report, Lululemon achieved revenue of $3.61 billion, surpassing analysts’ expectations of $3.57 billion. The fourth-quarter earnings of $6.14 per share also exceeded the consensus estimate of $5.85 per share.
On Wednesday, Lululemon’s stock saw a marginal increase of 0.1%, closing at $335.19.
Recent ratings from analysts show varied outlooks on Lululemon’s stock. Evercore ISI Group’s Michael Binetti has an Outperform rating with a price target raised from $320 to $400. Citigroup’s Paul Lejuez holds a Neutral rating with a price target increase from $275 to $325. On the other hand, Barclays analyst Adrienne Yih has cut her price target from $309 to $276 while maintaining an Equal-Weight rating. Wells Fargo’s Ike Boruchow has followed a similar pattern by reducing the price target from $315 to $300, also with an Equal-Weight rating. Goldman Sachs analyst Brooke Roach has downgraded the price target from $363 to $302 while keeping a Neutral stance.
These projections and ratings underline the keen interest from analysts in Lululemon’s continued growth and performance, suggesting a cautiously optimistic outlook for its market position going forward.