What Wall Street Analysts Think of Lululemon’s Stock Ahead of Earnings | Global News Avenue

lululemon sport (Lulu) will report fiscal third-quarter earnings after the close on Thursday, with Wall Street analysts expecting year-over-year growth in revenue and net income.

Analysts have generally given the stock a positive rating. Of the 21 brokers tracked by Visible Alpha who analyze Lululemon, 13 have a “buy” or equivalent rating on the athletic apparel company, while 7 maintain a “hold” rating and just 1 Give it a “sell” rating. price target Lululemon shares are trading at $325.50, down from today’s closing price of around $334.

analysts expect lululemonQuarterly revenue increased nearly 7% year over year to $2.35 billion. Net profit is expected to increase to $333.5 million, or $2.69 per share, from $248.7 million, or $1.96 per share, a year earlier.

CEO says Lululemon is working on updating its product lineup

August, Lululemon Chief Executive Officer (CEO) calvin macdonald admits “New” questions Because customers want more seasonal updates in “colors, prints, patterns and silhouettes” in some of Lululemon’s product categories. The company’s shares fell 3% in the U.S. Comparable store sales when it reports second-quarter results.

McDonald said at the time that Lululemon was working to update its product lineup “as soon as possible,” adding that the company expected to return to historic levels “no later than spring 2025.”

shares Lululemon shares rose more than 4% on Monday, but have lost about a third of their value in 2024.