lululemon athletica (LULU) Tops Q2 EPS by 47c, Guidance Tops Consensus

Lululemon Athletica Inc. (LULU) PT Raised to $500 at Argus

September 10, 2021 8:51 AM EDT

Argus analyst John Staszak raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $500.00 (from $416.00) while maintaining a Buy rating. The analyst commented:

Lululemon has a strong brand and growing direct-to-consumer sales, which we expect to lead to higher margins... More

Lululemon Athletica Inc. (LULU) PT Raised to $481 at Piper Sandler

September 9, 2021 7:25 AM EDT

Piper Sandler analyst Erinn Murphy raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $481.00 (from $446.00) while maintaining an Overweight rating.

The analyst commented, "We remain buyers of LULU following Q2's stellar results with EPS of $1.65 coming in well... More

Lululemon Athletica Inc. (LULU) PT Raised to $500 at Stifel

September 9, 2021 6:33 AM EDT

Stifel analyst Jim Duffy raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $500.00 (from $445.00) while maintaining a Buy rating.

The analyst commented, "2Q results and strong guidance emphatically demonstrate LULU brand momentum and post pandemic lock-down relevance. The FY2H guide... More

Lululemon Athletica Inc. (LULU) PT Raised to $520 at Cowen

September 9, 2021 6:17 AM EDT

Cowen analyst John Kernan raised the price target on Lululemon Athletica Inc. (NASDAQ: LULU) to $520.00 (from $476.00) while maintaining an Outperform rating.

The analyst commented, "LULU's FY21 revenue outlook increased by +$285MM-$435MM to $6.19B-$6.260B vs. pre-release consensus of $5.942B, exceeding... More

Lululemon (LULU) Surges 13% After Beating Q2 Estimates, Analysts Raise PTs to Reflect Broad-Based Strength

September 9, 2021 4:32 AM EDT

Shares of lululemon athletica (NASDAQ: LULU) are up over 13% in pre-open Thursday after the company delivered stronger-than-expected Q2 results.

LULU said it made a profit of $1.65 per share to easily top the $1.18 consensus. Revenue came in at $1.5 billion, again higher than the $1.33 consensus.

"Our second quarter results demonstrate the continued momentum across the business, and how we are living into our Power of Three growth plan and Impact Agenda commitments. We launched exciting new products, experienced strength across channels and geographies, and announced new partnerships that will allow us to become a leader in... More