Lululemon Athletica (NASDAQ:LULU) Stock, Quote.Headers.trade-ideas

Lululemon Athletica

Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.

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Lululemon Athletica Inc (LULU)

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Analysts raise Lululemon&#39;s price targets, citing strong Q3 results, international growth, product innovation, and future expansion opportunities.





Lululemon&#39;s Strong Earnings and Share Buyback Push Analysts to Increase Price Forecast

Lululemon Athletica Inc

Lulu's Fashion Lounge Holdings, Inc. - Common Stock

Lulus Fashion Lounge Holdings Inc

Providing a diverse range of perspectives from bullish to bearish, 20 analysts have published ratings on Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">10</td>
<td align="right">6</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">8</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $383.6, a high estimate of $440.00, and a low estimate of $302.00. This current average has increased by 16.93% from the previous average price target of $328.05. 
<img src="https://www.benzinga.com/files/images/story/2024/1733760039_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Lululemon Athletica among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Krisztina Katai</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$396.00</td>
<td>$292.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$380.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$378.00</td>
<td>$261.00</td>
</tr>
<tr>
<td>Alexandra Steiger</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$414.00</td>
<td>$345.00</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$302.00</td>
<td>$265.00</td>
</tr>
<tr>
<td>Robert Drbul</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Buy</td>
<td>$415.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$360.00</td>
<td>$315.00</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$425.00</td>
<td>$338.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$438.00</td>
<td>$370.00</td>
</tr>
<tr>
<td>Anna Andreeva</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$340.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Joseph Civello</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$420.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Mark Altschwager</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$440.00</td>
<td>$380.00</td>
</tr>
<tr>
<td>Ashley Owens</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$400.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$430.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$355.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Brian Nagel</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$380.00</td>
<td>$445.00</td>
</tr>
<tr>
<td>Alexandra Steiger</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$345.00</td>
<td>$314.00</td>
</tr>
<tr>
<td>Mark Altschwager</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$380.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Joseph Civello</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$360.00</td>
<td>$310.00</td>
</tr>
<tr>
<td>Alexandra Steiger</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$314.00</td>
<td>$326.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Lululemon Athletica. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lululemon Athletica compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Lululemon Athletica's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Lululemon Athletica's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LULU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lululemon Athletica analyst ratings.</a>
<h2>Delving into Lululemon Athletica's Background</h2>
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
<h3>Financial Insights: Lululemon Athletica</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Over the 3 months period, Lululemon Athletica showcased positive performance, achieving a revenue growth rate of 8.73% as of 31 October, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Lululemon Athletica's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.68% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.78%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Lululemon Athletica's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.09%, the company showcases efficient use of assets and strong financial health.
Debt Management: Lululemon Athletica's debt-to-equity ratio is below the industry average at 0.38, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Lululemon Athletica: Insights From 20 Analyst Reviews

Deutsche Bank analyst Krisztina Katai maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Hold and raises the price target from $292 to $396.

Deutsche Bank Maintains Hold on Lululemon Athletica, Raises Price Target to $396

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, with the index in the &#8220;Neutral&#8221; zone on Friday.
U.S. stocks settled mixed on Friday, with the S&amp;P 500 and Nasdaq Composite hitting fresh records following the release of better-than-expected November jobs data.
The S&amp;P 500 and Nasdaq recorded gains for the third straight week, gaining 0.96% and 3.34%, respectively. However, the Dow lost 0.6% during the week.
Nonfarm payrolls rose by 227,000, sharply accelerating from the previous upwardly revised 36,000 and above the expected 200,000 as per TradingEconomics estimates. The unemployment rate rose from 4.1% to 4.2%, as expected. Average hourly earnings advanced at a 0.4% monthly pace, holding steady from October&#8217;s 0.4% increase and surpassing expectations of 0.3%.
DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) shares jumped around 28% on Friday after the company reported better-than-expected third-quarter financial results and issued FY25 revenue guidance above estimates. Asana, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) shares climbed over 43% after the company reported better-than-expected third-quarter financial results and issued FY25 guidance above estimates.
Lululemon Athletica Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares jumped around 16% after the company reported better-than-expected third-quarter financial results and increased its share buyback program by $1 billion
Most sectors on the S&amp;P 500 closed on a negative note, with energy, utilities, and healthcare stocks recording the biggest losses on Friday. However, consumer discretionary and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 123 points to 44,642.52 on Friday. The S&amp;P 500 rose 0.25% to 6,090.27, while the Nasdaq Composite climbed 0.81% to close at 19,859.77 during Friday's session.
Investors are awaiting earnings results from Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>), and Casey&#8217;s General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 53, the index moved to the &#8220;Neutral&#8221; zone on Friday, versus a prior reading of 54.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Photo courtesy: Shutterstock

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These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) shares jumped 51.61% after the company reported second-quarter results, and multiple firms raised their <a href="https://www.benzinga.com//node/42298407" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock escalated 34.59% last week. An internal investigation led by its Special Committee found "no evidence of misconduct or fraud" <a href="https://www.benzinga.com//node/42367077" target="_blank" rel="noreferrer noopener">involving management or the board</a>.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) shares rose 34.26% after the company reported third-quarter results and <a href="https://www.benzinga.com//node/42352653" target="_blank" rel="noreferrer noopener">issued better-than-expected guidance</a>. Several analysts raised <a href="https://www.benzinga.com/quote/docu/analyst-ratings" target="_blank" rel="noreferrer noopener">their price forecasts for the stock</a>.</li>
<li>Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) stock rocketed 27.17% after reporting <a href="https://www.benzinga.com//node/42353379" target="_blank" rel="noreferrer noopener">better-than-expected third-quarter results</a>. Several analysts <a href="https://www.benzinga.com/quote/rbrk/analyst-ratings" target="_blank" rel="noreferrer noopener">raised the price forecast on the stock</a>.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) climbed 24.62% after reporting better-than-expected third-quarter earnings, and <a href="https://www.benzinga.com//node/42367217" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a> on the stock.</li>
<li>Pure Storage, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) stock grew 22.51% after the company reported better-than-expected third-quarter financial results and <a href="https://www.benzinga.com//node/42303442" target="_blank" rel="noreferrer noopener">fourth-quarter guidance</a>. Several analysts raised <a href="https://www.benzinga.com/quote/pstg/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) shares surged 22.46%  after the company reported upbeat earnings for the third quarter and<a href="https://www.benzinga.com//node/42321281" target="_blank" rel="noreferrer noopener"> analysts boosted the price forecast</a>.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) stock rose 21.86% last week on analyst commentary from Needham, which maintained a "Buy" rating and <a href="https://www.benzinga.com//node/42325582" target="_blank" rel="noreferrer noopener">reiterated the $100 price target</a>.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) stock upped 21.33% last week.</li>
<li>American Airlines Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) shares increased 19.83% after it reported better-than-expected fourth <a href="https://www.benzinga.com//node/42345395" target="_blank" rel="noreferrer noopener">quarter and full-year outlook</a>.</li>
<li>Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock jumped 19.23% after <a href="https://www.benzinga.com//node/42324175" target="_blank" rel="noreferrer noopener">some analysts</a> boosted <a href="https://www.benzinga.com/quote/app/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast</a>.</li>
</ol>
Photo via Shutterstock

<h3>Gainers</h3>
<ul>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) stock increased by 38.6% to $3.19 during Friday's pre-market session. The company's market cap stands at $2.2 million. </li>
<li>Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) stock moved upwards by 22.44% to $6.0. The market value of their outstanding shares is at $1.6 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) shares rose 18.75% to $4.59. The market value of their outstanding shares is at $2.8 million. </li>
<li>American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) stock moved upwards by 12.01% to $12.21. The market value of their outstanding shares is at $156.7 million. The company's, Q2 earnings came out yesterday. </li>
<li>Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares moved upwards by 10.19% to $379.97. The market value of their outstanding shares is at $46.6 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) stock increased by 9.17% to $22.01. The company's market cap stands at $421.3 million. As per the news, the Q3 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) stock declined by 16.7% to $11.35 during Friday's pre-market session. The company's market cap stands at $509.0 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Latham Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) stock fell 15.89% to $5.4. The market value of their outstanding shares is at $624.3 million. </li>
<li>United Homes Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UHG#NASDAQ">UHG</a>) stock fell 15.74% to $5.14. The company's market cap stands at $248.8 million. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) shares decreased by 8.92% to $0.92. The company's market cap stands at $11.9 million. </li>
<li>GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) shares declined by 8.7% to $22.15. The market value of their outstanding shares is at $907.5 million. </li>
<li>Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) shares fell 8.23% to $30.0. The market value of their outstanding shares is at $814.7 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares are trading higher after the company reported better-than-expected third-quarter financial results and increased its <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">share buyback program by $1 billion.</a>
Throughout the third quarter, the company repurchased 1.6 million shares of its common stock for $408.5 million. Furthermore, it approved a $1.0 billion increase to its share repurchase program, bringing the <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/12/42367217/whats-going-with-lululemon-shares-friday" rel="noreferrer noopener">total authorized repurchases to approximately $1.8 billion.</a>
Lululemon issued guidance for the 2024 fourth quarter. It sees revenue from $3.475 billion to $3.510 billion versus analyst estimates of<a target="_blank" href="https://www.benzinga.com/calendars/guidance]" rel="noreferrer noopener"> $3.496 billion.</a>
Multiple analyst firms raised their respective price forecasts on the stock.
Here are the analysts&#8217; takes <a target="_blank" href="https://www.benzinga.com/news/buybacks/24/12/42352166/lululemon-q3-earnings-revenue-beat-eps-beat-1b-buyback-increase-continued-momentum-across-international-markets" rel="noreferrer noopener">on the&nbsp;earnings results:</a>
<ul>
<li>Stifel analyst Jim Duffy reiterated the Buy rating on Lululemon, raising the <a href="https://www.benzinga.com/quote/LULU/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast to $438 from $370.</a></li>
<li>JP Morgan analyst Matthew R. Boss reiterated the Overweight rating on the stock, increasing the price forecast to $425 from $338.</li>
<li>Goldman Sachs analyst Brooke Roach maintained a Neutral rating on the company and raised the price forecast to $365 from $291.</li>
<li>KeyBanc Capital Markets analyst Ashley Owens reiterated the Overweight rating on the stock, boosting the price forecast to $400 from $350.</li>
<li>Truist Securities analyst Joseph Civello reiterated the Buy rating on the stock, raising the price forecast to $420 from $360.</li>
<li>Guggenheim analyst Robert Drbul maintained the Buy rating on Lululemon, raising the price forecast to $415 from $350.</li>
<li>Oppenheimer analyst Brian Nagel reiterated the Outperform rating on Lululemon.</li>
</ul>
Stifel: Duffy sees Lululemon as well-positioned to benefit from ongoing trends, with international growth potentially underestimated.
The analyst writes that the company may continue its strong growth by attracting new customers and increasing revenue per customer.
In fact, Duffy forecasts several years of mid-teens revenue growth, margin expansion, and share repurchases, supported by the company&#8217;s capital-efficient business model.
The analyst raised FY24 EPS estimates from $14.00 to $14.17.
Also Read: <a target="_blank" href="https://www.benzinga.com/partner/fintech/24/12/42312733/driving-price-innovation-unlimited-commission-free-option-trades-why-serious-options-traders-choo" rel="noreferrer noopener">Driving Price Innovation: Unlimited Commission-Free Option Trades – Why Serious Options Traders Choose Tradier</a>
JP Morgan: The analyst notes that the company still has strong potential in the domestic market, with international expansion offering significant untapped opportunities.
Boss predicts
the brand could reach around $12 billion in revenue by FY26, compared to approximately $4 billion in FY19. This growth is expected to be driven by expanding international presence, strong growth in men&#8217;s products, entry into new categories like personal care and footwear, and continued growth in e-commerce.
Goldman Sachs: The analyst is encouraged by Lululemon&#8217;s sequential improvement in business and a strong start to the holiday season.
Roach notes that management is progressing in product innovation and rebalancing, which should help unlock stronger growth in the U.S. market.
The analyst is also positive about the company&#8217;s consistent international growth momentum and effective cost control.
KeyBanc Capital Markets: The analyst sees opportunities for innovation across product categories, colors, and prints, as well as in brand awareness, which remains low in the U.S. at 36%.
Owens also sees growth potential in men&#8217;s products, accessories, and international markets.
The analyst adds that in 2025, Lululemon plans to expand into new markets, including Italy (company-operated) and, Denmark, Belgium, Turkey, and the Czech Republic (under franchise models).
Truist Securities: The analyst notes that Lululemon&#8217;s new reporting structure, where Global Creative Director Jonathan Chung reports to CEO Calvin McDonald and Chief Merchant Liz Bender reports to Chief Brand Officer Nikki Neuburger, is streamlining the product development process. This has allowed the company to introduce new products more quickly, improving conversion rates.
Civello sees new product offerings to continue improving through the fourth quarter and reach historical levels by the first quarter of 2025.
Guggenheim: Drbul notes that Lululemon&#8217;s FY24 EPS estimate has been increased to $14.15, up from $14.05.
This adjustment reflects a promising start to the holiday season, but the analyst remains cautious due to macroeconomic uncertainties and the shorter holiday shopping period.
Oppenheimer: The analyst mentions that while they have taken a more cautious view on Lululemon in the short term, Nagel still considers the company and its shares well-positioned for the intermediate to long term.
Price Action: LULU shares are trading higher by 18.5% to $408.5 at last check Friday.
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Image via Shutterstock

Lululemon's Strong Earnings and Share Buyback Push Analysts to Increase Price Forecast

Citigroup analyst Paul Lejuez maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Neutral and raises the price target from $270 to $380.

Citigroup Maintains Neutral on Lululemon Athletica, Raises Price Target to $380

The S&amp;P 500 and the Nasdaq 100 are set to log their <a href="https://www.benzinga.com/markets">third consecutive week of gains</a>. 
The Nasdaq 100, in particular, is tracking its strongest weekly performance in a month, underscoring investor enthusiasm for tech stocks and the growing likelihood <a href="https://www.benzinga.com/topic/interest-rates">of lower interest rates.</a>
Meanwhile, the Dow Jones Industrial Average is on course to finish the week in negative territory, highlighting a divergence in performance among major U.S. indices.
Shares of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) surged 3% on Wednesday, extending their weekly gain to over 9%, marking the stock's best week since late January. The rally followed a U.S. appeals court decision upholding the Jan. 19 deadline for TikTok's parent company, ByteDance, to divest the app over national security and data privacy concerns. TikTok's appeal was rejected, leaving the U.S. Supreme Court as its final recourse.
The consumer discretionary sector emerged as Friday's best performer, fueled by further gains in Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In macro news, November nonfarm payrolls rose by 227,000, beating consensus estimates, while the unemployment rate edged higher to 4.2%, as expected. Wage growth slightly outpaced forecasts, signaling <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42363278/us-economy-adds-227000-jobs-in-november-wage-growth-accelerates">resilience in the labor market.</a>
Meanwhile, the University of Michigan&#8217;s consumer sentiment index climbed to its most optimistic level since April but hinted at growing concerns about near-term inflation, reflecting a mixed <a href="https://www.benzinga.com/news/econ-s/24/12/42366245/consumer-sentiment-hits-7-month-high-but-inflation-fears-divide-democrats-republicans">sentiment among U.S. consumers.</a>
The U.S. dollar gained traction, with the dollar index rising 0.3% despite market participants raised expectations of an interest rate cut at the Federal Reserve's Dec. 18 meeting. Treasury yields eased, reflecting bolstered expectations of policy easing.
Chicago Fed President Austan Goolsbee hinted at upcoming Federal Reserve meetings being "close calls" between cutting rates or holding steady, keeping traders on edge.
Commodities saw muted moves on Friday. Gold prices were flat, consolidating near recent levels, while crude oil slid 1.2%. 
The cryptocurrency market lit up on Friday, driven by significant gains in major digital assets. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), for example, surged over 4%, breaching the $101,500 level at last check Friday. 
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) rallied 6%, reflecting robust investor appetite across the sector.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,600.05</td>
<td>0.8%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,405.74</td>
<td>0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,089.46</td>
<td>0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,674.60</td>
<td>-0.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120224&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.3% up to $608.20.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $447.87.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.9% to $526.50.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.4% to $239.03.</li>
<li>The&nbsp;Consumer Discretionary Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, rising 1.3%; the&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.3%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) skyrocketed by about 18% in reaction to company&#8217;s quarterly results. </li>
<li>Other stocks reacting to earnings reports included Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), up 10%, DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), up 27%, Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>), up 10%, Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) up 8% and Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), down over 5%. </li>
<li>UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) fell 4.4%, continuing to slid after Brian Thomson&#8217;s death and marking the Dow&#8217;s worst performer on Friday. </li>
</ul>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/24/12/42369266/meta-reddit-stocks-climb-record-highs-as-tiktoks-battle-against-us-ban-continues-after-court-ruling">TikTok Loses Court Appeal Against Ban, Meta, Reddit Stocks Hit All-Time High</a></li>
</ul>
Image: Shutterstock

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Tech Stocks Rise; Meta Rallies As Court Upholds Tiktok Ban; Bitcoin Roars Above $101,000: What's Driving Markets Friday?

Barclays analyst Adrienne Yih maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Equal-Weight and raises the price target from $261 to $378.

Barclays Maintains Equal-Weight on Lululemon Athletica, Raises Price Target to $378

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$375.00</td>
<td>$33.0K</td>
<td>19.0K</td>
<td>144.6K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$75.00</td>
<td>$27.9K</td>
<td>5.1K</td>
<td>2.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$205.00</td>
<td>$25.6K</td>
<td>8.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>EXPE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$182.50</td>
<td>$37.4K</td>
<td>49</td>
<td>1.2K</td>
</tr>
<tr>
<td>BBWI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$37.50</td>
<td>$109.1K</td>
<td>2.5K</td>
<td>648</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$350.00</td>
<td>$62.7K</td>
<td>1.4K</td>
<td>298</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$95.00</td>
<td>$59.0K</td>
<td>495</td>
<td>284</td>
</tr>
<tr>
<td>GAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$24.00</td>
<td>$65.4K</td>
<td>4.0K</td>
<td>275</td>
</tr>
<tr>
<td>BROS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$227.9K</td>
<td>1.0K</td>
<td>108</td>
</tr>
<tr>
<td>FL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$20.00</td>
<td>$25.8K</td>
<td>323</td>
<td>80</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 301 contract(s) at a $375.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $110.0 per contract. There were 19032 open contracts at this strike prior to today, and today 144650 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bearish sentiment. It expires in 378 day(s) on December 19, 2025. Parties traded 14 contract(s) at a $75.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.9K, with a price of $1997.0 per contract. There were 5133 open contracts at this strike prior to today, and today 2669 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 13 contract(s) at a $205.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $1975.0 per contract. There were 8625 open contracts at this strike prior to today, and today 1584 contract(s) were bought and sold. 
• For EXPE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), we notice a put option trade that happens to be bullish, expiring in 7 day(s) on December 13, 2024. This event was a transfer of 986 contract(s) at a $182.50 strike. The total cost received by the writing party (or parties) was $37.4K, with a price of $38.0 per contract. There were 49 open contracts at this strike prior to today, and today 1202 contract(s) were bought and sold. 
• For BBWI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>), we notice a call option sweep that happens to be bullish, expiring in 42 day(s) on January 17, 2025. This event was a transfer of 642 contract(s) at a $37.50 strike. This particular call needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $109.1K, with a price of $170.0 per contract. There were 2598 open contracts at this strike prior to today, and today 648 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option sweep with bullish sentiment. It expires in 42 day(s) on January 17, 2025. Parties traded 10 contract(s) at a $350.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $62.7K, with a price of $6274.0 per contract. There were 1426 open contracts at this strike prior to today, and today 298 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a put option sweep with bullish sentiment. It expires in 77 day(s) on February 21, 2025. Parties traded 200 contract(s) at a $95.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $59.0K, with a price of $296.0 per contract. There were 495 open contracts at this strike prior to today, and today 284 contract(s) were bought and sold. 
• For GAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>), we notice a call option sweep that happens to be bearish, expiring in 42 day(s) on January 17, 2025. This event was a transfer of 264 contract(s) at a $24.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $65.4K, with a price of $248.0 per contract. There were 4085 open contracts at this strike prior to today, and today 275 contract(s) were bought and sold. 
• For BROS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>), we notice a call option trade that happens to be bullish, expiring in 42 day(s) on January 17, 2025. This event was a transfer of 107 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $227.9K, with a price of $2130.0 per contract. There were 1043 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold. 
• Regarding FL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), we observe a call option trade with neutral sentiment. It expires in 196 day(s) on June 20, 2025. Parties traded 50 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $517.0 per contract. There were 323 open contracts at this strike prior to today, and today 80 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BABA

BBWI

BROS

EXPE

SBUX

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Morgan Stanley analyst Alexandra Steiger maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Overweight and raises the price target from $345 to $414.

Morgan Stanley Maintains Overweight on Lululemon Athletica, Raises Price Target to $414

Whales with a lot of money to spend have taken a noticeably bullish stance on Lululemon Athletica.
Looking at options history for Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) we detected 59 trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $217,905 and 52, calls, for a total amount of $2,957,779.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $480.0 for Lululemon Athletica during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lululemon Athletica's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lululemon Athletica's substantial trades, within a strike price spectrum from $130.0 to $480.0 over the preceding 30 days.
<h3>Lululemon Athletica Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733505363_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$19.5</td>
<td>$18.6</td>
<td>$19.4</td>
<td>$410.00</td>
<td>$193.9K</td>
<td>759</td>
<td>299</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$78.05</td>
<td>$73.05</td>
<td>$76.47</td>
<td>$330.00</td>
<td>$122.2K</td>
<td>353</td>
<td>92</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$7.85</td>
<td>$6.7</td>
<td>$6.75</td>
<td>$400.00</td>
<td>$114.2K</td>
<td>2.8K</td>
<td>5.5K</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$131.7</td>
<td>$130.5</td>
<td>$131.7</td>
<td>$310.00</td>
<td>$92.1K</td>
<td>163</td>
<td>10</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$115.65</td>
<td>$111.3</td>
<td>$112.93</td>
<td>$330.00</td>
<td>$79.0K</td>
<td>46</td>
<td>8</td>
</tr>
</tbody>
</table>

<h3>About Lululemon Athletica</h3>
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
Following our analysis of the options activities associated with Lululemon Athletica, we pivot to a closer look at the company's own performance.
<h3>Lululemon Athletica's Current Market Status</h3>
<ul>
<li>With a volume of 7,192,514, the price of LULU is up 18.28% at $407.84. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 104 days.</li>
</ul>
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A Closer Look at Lululemon Athletica's Options Market Dynamics

U.S. stocks were mixed, with the Nasdaq Composite gaining more than 100 points on Friday.
Shares of Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) rose sharply during Friday&#8217;s session after the company reported better-than-expected third-quarter financial results and <a href="https://www.benzinga.com/24/12/42368761/whats-going-on-with-ulta-beauty-stock-friday">raised its FY24 outlook</a>.
Ulta Beauty reported quarterly earnings of $5.14 per share, which beat the analyst consensus estimate of $4.54. Quarterly revenue came in at $2.53 billion, which beat the analyst consensus estimate of $2.5 billion and is an increase over sales of $2.49 billion from the same period last year.
Also, Telsey Advisory Group maintained an Outperform rating on the stock and raised its price target from $450 to $500.
Ulta Beauty shares jumped 10.4% to $433.76 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>ZJK Industrial Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJK#NASDAQ">ZJK</a>) shares jumped 52.5% to $15.39.</li>
<li>Asana, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) jumped 41.6% to $21.89 after the company reported better-than-expected third-quarter financial results and issued FY25 guidance above estimates. Also, Piper Sandler and Baird raised their respective price targets on the stock.</li>
<li>Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) gained 33.3% to $71.54 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates. Also, Keybanc maintained an Overweight rating on the stock and raised its price target from $57 to $75.</li>
<li>Nano-X Imaging Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) surged 29.5% to $8.08. Cantor Fitzgerald analyst Ross Osborn maintained Nano X Imaging with an Overweight and raised the price target from $11 to $12.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) gained 28.6% to $4.8465.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) surged 25.9% to $4.0050.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) gained 25.2% to $104.79 after the company reported better-than-expected third-quarter financial results and issued FY25 revenue guidance above estimates.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) climbed 21.5% to $11.58.</li>
<li>Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) gained 20.8% to $2.72 after Rosenblatt maintained a Buy rating on the stock and raised its price target from $3 to $4.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) gained 19.8% to $7.90.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) rose 18.2% to $407.50 following upbeat quarterly earnings.</li>
<li>Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) gained 15% to $31.77 after the company provided operational updates for November 2024. The company produced 94 BTC for a total of 9,122 on its balance sheet.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) surged 14.7% to $7.94.</li>
<li>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) rose 10.8% to $24.00 after the company reported better-than-expected quarterly financial results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) gained 10.8% to $24.96.</li>
<li>Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) gained 10.3% to $255.60 after the company reported a year-over-year increase in third-quarter financial results. Also, Piper Sandler and Needham raised their respective price targets on the stock.</li>
<li>Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) jumped 9% to $46.91 following third-quarter results.</li>
<li>Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) gained 8.7% to $53.62.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) gained 7.7% to $408.34 after Macquarie maintained an Outperform rating on the stock and raised its price target from $270 to $450.</li>
</ul>
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Ulta Beauty Posts Upbeat Results, Joins Asana, Lululemon, Hewlett Packard Enterprise And Other Big Stocks Moving Higher On Friday

BMO Capital analyst Simeon Siegel maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Market Perform and raises the price target from $265 to $302.

BMO Capital Maintains Market Perform on Lululemon Athletica, Raises Price Target to $302

Guggenheim analyst Robert Drbul maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Buy and raises the price target from $350 to $415.

Guggenheim Maintains Buy on Lululemon Athletica, Raises Price Target to $415

UBS analyst Jay Sole maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Neutral and raises the price target from $315 to $360.

UBS Maintains Neutral on Lululemon Athletica, Raises Price Target to $360

Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) shares are trading higher on Friday after the company reported better-than-expected 2024 third-quarter earnings after the bell <a href="https://www.benzinga.com//node/42352166">on Thursday</a>.
The Details: Lululemon stock rose about 8% after the market closed on Thursday following the release of its earnings report. The earnings report included earnings per share of $2.87, beating analyst estimates of $2.71.
The company reported sales of $2.40 billion, beating analyst estimates of $2.36 billion and representing a 9% year-over-year growth. Lululemon reported a 2% increase in American net revenue and a 33% rise in International net revenue.
Additionally, comparable sales grew by 4% overall. Comparable sales in the Americas declined by 2%, while International comparable sales surged by 25%.
Lululemon included other key pieces of financial data in its report, including income from operations of $490.7 million. The athletic clothing brand also reported an operating margin of 20.5%.
Throughout the third quarter, the company repurchased 1.6 million shares of its common stock for $408.5 million. Furthermore, it approved a $1.0 billion increase to its share repurchase program, bringing the total authorized repurchases to approximately $1.8 billion.
Lululemon issued guidance for the 2024 fourth quarter. It sees revenue from $3.475 billion to $3.510 billion versus analyst estimates of $3.496 billion.
The company issued guidance for the 2024 fiscal year as well. It sees net revenue from $10.45 billion to $10.48 billion.
Analyst Changes: Following the earnings report, several analysts issued <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">price target adjustments.</a>
<ul>
<li>Telsey Advisory Group analyst Dana Telsey maintained an Outperform rating on Lululemon and raised the price target from&nbsp;$360&nbsp;to&nbsp;$430.</li>
<li>Keybanc analyst Ashley Owens maintained an Overweight rating on Lululemon and raised the price target from&nbsp;$350&nbsp;to&nbsp;$400.</li>
<li>Baird analyst Mark Altschwager maintained an Outperform rating on Lululemon and raised the price target from&nbsp;$380&nbsp;to&nbsp;$440.</li>
<li>Piper Sandler analyst Anna Andreeva maintained a Neutral rating on Lululemon and raised the price target from&nbsp;$260&nbsp;to&nbsp;$340.</li>
<li>Wells Fargo analyst Ike Boruchow maintained an Equal-Weight rating on Lululemon and raised the price target from&nbsp;$285&nbsp;to&nbsp;$350.</li>
</ul>
See Also: <a href="https://www.benzinga.com/insights/analyst-ratings/24/12/42365238/expert-ratings-for-petco-health-and-wellness">Expert Ratings For Petco Health and Wellness</a>
LULU Price Action: At the time of writing, Lululemon stock is moving 16.7% higher at $402.40, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Shutterstock

What's Going With Lululemon Shares Friday?

JP Morgan analyst Matthew Boss maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Overweight and raises the price target from $338 to $425.

JP Morgan Maintains Overweight on Lululemon Athletica, Raises Price Target to $425

SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Ulta Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NYSE">ULTA</a>) are the top five trending tickers on Yahoo Finance Friday. 
Here&#8217;s a look at what is grabbing <a href="https://www.benzinga.com/24/12/42356144/gamestop-lululemon-uber-ulta-beauty-and-tesla-why-these-5-stocks-are-on-investors-radars-today">retail investors&#8217; attention.&nbsp;</a>
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<ul>
<li>SOUN: SoundHound AI shares soared Thursday after the company announced <a href="https://www.benzinga.com/24/12/42348247/soundhound-ai-shares-were-on-the-rise-today-whats-going-on">the deployment </a>of its voice AI Smart Ordering system at all 130 Torchy&#8217;s Tacos locations. It's not just tacos that are on fire:  SoundHound stock is burning up the charts, gaining nearly 150% over the past month. </li>
</ul>
<ul>
<li>GME: Roaring Kitty is<a href="https://www.benzinga.com/general/social-media/24/12/42349100/gamestop-rockets-as-roaring-kitty-returns-to-x-what-does-his-tweet-signal-ahead-of-q3-earnings"> back with another</a> cryptic social media post, sparking yet another round of speculation in GameStop and other <a href="https://www.benzinga.com/news/24/12/42349946/whats-going-on-with-amc-entertainment-stock-9">meme stocks</a> like AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), Koss Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) and Blackberry Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>).  </li>
</ul>
<ul>
<li>LULU: Lululemon reported strong <a href="https://www.benzinga.com/news/buybacks/24/12/42352166/lululemon-q3-earnings-revenue-beat-eps-beat-1b-buyback-increase-continued-momentum-across-international-markets">third-quarter results </a>after Thursday's closing bell with international revenue rising 33% since last year. Several analysts raised price targets on the stock following the print and investors are piling into the ath-leisure name on Friday. </li>
</ul>
<ul>
<li>UBER: Uber is trending as shares dropped nearly 9% Thursday on news that Waymo will launch its <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42348287/whats-going-on-with-uber-shares-thursday">robotaxi service </a>in Miami in 2026. On Friday, Uber announced the launch of its ride-hailing partnership in Abu Dhabi, marking the <a href="https://www.benzinga.com/24/12/42363171/uber-and-weride-come-together-to-launch-robotaxi-service-in-abu-dhabi">first time</a> autonomous vehicles (AVs) are available on the Uber platform outside the U.S.</li>
</ul>
<ul>
<li>ULTA: Ulta Beauty shares are trading higher after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/12/42351981/ulta-beauty-shares-climb-on-better-than-expected-q3-results-raised-fy24-sales-outlook">third-quarter results</a> on Thursday and raised its fiscal 2024 outlook. Ulta reported quarterly earnings of $5.14 per share, beating the analyst consensus estimate of $4.54, as part of its blockbuster report. </li>
</ul>
Read Next:&nbsp;
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</ul>
Image: Moondance from Pixabay

KOSS

SOUN

UBER

Friday's Top 5 Trending Stocks: What's Going On With SoundHound AI, GameStop, Lululemon?

Stifel analyst Jim Duffy reiterates Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Buy and raises the price target from $370 to $438.

Reiteration

Stifel Reiterates Buy on Lululemon Athletica, Raises Price Target to $438

S&P, Nasdaq up, as traders lift rate-cut bets after November payrolls print; Dow down

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Lululemon Athletica (LULU – Research Report) ...

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Lululemon's results and rally draws mixed reviews from Wall Street analysts

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Lululemon Athletica Inc. reported a strong earnings performance, with a 9% revenue increase to $2.4 billion, driven by significant growth in China.

Lululemon Shares Surge After Earnings Beat And China Revenue Growth

The Q3 reporting period was a time of positivity, with earnings growth remaining positive and seeing a nice boost from technology. But one late reporter, Lululemon, posted results that positively shocked investors.

What's Going On With Lululemon Shares?

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Lululemon Athletica Q3: Demise Of The Company's Growth Greatly Exaggerated

BTIG analyst Janine Stichter maintained a Buy rating on Lululemon Athletica (LULU – Research Report) today and set a price target of $430.00. The c...

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COST

CPRI

DLTR

MBGAF

NVDA

ZION

Legal

Press Releases

LULU DEADLINE TOMORROW: ROSEN, A TOP RANKED LAW FIRM, Encourages lululemon athletica inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important October 7 Deadline in Securities Class Action – LULU

Lululemon Athletica Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm Before October 7, 2024 to Discuss Your Rights - LULU

LULU Investors Have Opportunity to Lead Lululemon Athletica Inc. Securities Fraud Lawsuit with the Schall Law Firm

DEADLINE ALERT for LULU, F, XPEL, and NNE: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

LULU Deadline: LULU Investors Have Opportunity to Lead lululemon athletica inc. Securities Fraud Lawsuit

LULULEMON ALERT: Bragar Eagel & Squire, P.C. is Investigating Lululemon Athletica Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

LULULEMON INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Lululemon Athletica Inc. - LULU

lululemon athletica inc. Announces Third Quarter Fiscal 2024 Earnings Conference Call

LULULEMON INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL:  Kahn Swick & Foti, LLC Investigates the Officers and Directors of Lululemon Athletica Inc. - LULU

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