Lululemon Athletica inc. (LULU) Has A Promising Outlook For 2024

Lululemon Athletica inc. (NASDAQ:LULU) has a beta value of 1.26 and has seen 4.05 million shares traded in the recent trading session. The company, currently valued at $38.01B, closed the recent trade at $301.87 per share which meant it lost -$21.11 on the day or -6.54% during that session. The LULU stock price is -71.06% off its 52-week high price of $516.39 and -6.72% below the 52-week low of $322.15. The 3-month trading volume is 2.07 million shares.

Lululemon Athletica inc. (NASDAQ:LULU) trade information

Sporting -6.54% in the red today, the stock has traded in the red over the last five days, when the LULU stock price touched $301.87 or saw a rise of 13.18%. Year-to-date, Lululemon Athletica inc. shares have moved -40.96%, while the 5-day performance has seen it change -12.97%. Over the past 30 days, the shares of Lululemon Athletica inc. (NASDAQ:LULU) have changed -17.22%.

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Lululemon Athletica inc. (LULU) estimates and forecasts

Figures show that Lululemon Athletica inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -29.56% over the past 6 months, with this year growth rate of 10.81%, compared to -0.60% for the industry. Revenue growth from the last financial year stood is estimated to be 12.40%.

23 analysts offering their estimates for the company have set an average revenue estimate of 2.2B for the current quarter. 23 have an estimated revenue figure of 2.46B for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 27.57% over the past 5 years. Earnings growth for 2024 is a modest 11.06% while over the next 5 years, the company’s earnings are expected to increase by 11.30%.

LULU Dividends

Lululemon Athletica inc. is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.