Lululemon Athletica's shares have surged by 10% pre-market despite a lackluster earnings report and guidance. The company reported revenue growth last quarter, driven by strong performance in China, while growth in the Americas slowed. Analysts have adjusted their price targets with mixed revisions: TD Cowen raised its target to $447, BofA Securities to $440, and Wedbush to $400, while KeyBanc cut its target to $415, Wells Fargo to $350, and Barclays to $338. Lululemon has also been added to JPMorgan's focus list after earnings. The company reported strong Q1 results and announced a new billion-dollar share buyback plan. Lululemon is exploring expansion beyond gym wear to maintain its market position amid rising competition.
🇺🇸 J. Jill’s stock jumps after earnings top estimates and company raises guidance https://t.co/7SGJR9G8T5
$JILL Earnings: - Net sales for the first quarter of fiscal 2024 increased 7.5% to $161.5 million compared to $150.2 million for the first quarter of fiscal 2023. - Net Income per Diluted Share was $1.16 compared to $0.32 in the first quarter of fiscal 2023. Adjusted Net Income… https://t.co/K2rssv4CWl
🇺🇸 Lululemon CEO says it missed opportunities in the women’s business in Q1 https://t.co/voSFgcJxA1
Lululemon needs more than hair scrunchies, belt bags and ABC pants to beat the competition https://t.co/VVK5T12uXV via @opinion
Lululemon needs more than hair scrunchies, belt bags and ABC pants to beat the competition https://t.co/FuLIOxlUCr
Has Lululemon Athletica Turned a Corner? Perhaps Not, Wall Street Says. https://t.co/zeoTuV6bZS
Lululemon Dance Pants: 's stock is soaring like a yoga warrior in warrior pose! With strong Q1 results, a boost in China sales, and a new billion-dollar share buyback plan, it's clear that Lululemon is flexing its financial muscles. @MXLESQ @jonnajarian Rebel's Edge 🏴☠️ 1pm… https://t.co/GGlF3MMNIi
Lululemon can stretch further by adding more clothing that can be worn outside of the gym, @AndreaFelsted says (via @opinion) https://t.co/dVk29qO766
Lululemon is up nicely since this bounce call on 5/23 It’s up 5.5% today The dashed line on the attached chart shows the date of that call. The tell was this… Markets were selling off. $LULU had plenty of reasons to go down. But it didn’t. That means bad news was… https://t.co/XMxsyH20RA https://t.co/mRs7RJHazu
🇺🇸 Lululemon dominated the pricey athleisure market for years. Now it faces big competition https://t.co/DCinMEtEwM
Lululemon $LULU added to JPM's focus list after earnings https://t.co/STSXwiHfr6 https://t.co/uUXdFDDhms
Lululemon can stretch further by adding more clothing that can be worn outside of the gym, @AndreaFelsted says https://t.co/Izhz9ypESU via @opinion
Lululemon Athletica said its revenue rose last quarter, boosted by its presence in China, amid slowing growth in the Americas https://t.co/EzHW7k9B1M
🇺🇸 Lululemon shares pop 10% despite lackluster earnings report and guidance https://t.co/sRuSDlOMuQ
How anyone could actually RAISE a price target after this $LULU print is a complete mystery to me. Thanks for showing up #OldWall. I won't touch this stock long side until it starts with a 1. Presentation detailing why at 12:30ET today. #ShortLULU
$LULU | Lululemon price targets adjusted! Check out the latest updates from top institutions. https://t.co/6bJHcGDkt0 https://t.co/7UTzVuUTM4
The future of LULU. https://t.co/6QCjCWiS0p
Lululemon can stretch further by adding more clothing that can be worn outside of the gym, @AndreaFelsted says https://t.co/5L6OGMsm4i
$LULU (+8.8% pre) Lululemon shares pop despite lackluster earnings report and guidance - CNBC https://t.co/BhPSGGtqus
$LULU | Lululemon Analyst Revisions & Ratings 👇 🔸 TD Cowen: Raised to $447 from $437 - Buy 🔸 Wedbush: Raised to $400 from $397 🔸 BofA Securities: Raised to $440 from $430 - Buy 🔸 KeyBanc: Cut to $415 from $515 🔸 Wells Fargo: Cut to $350 from $425 🔸 Barclays: Cut to $338… https://t.co/22TB1q7Otl
Heard on the Street: Lululemon’s shares, just like its leggings, are rarely on sale. Lately, though, the company has been giving investors reason to discount the stock. https://t.co/xX4oMl0Zno