Analyst Sentiment Split Following LULU Earnings

The firm upped its full-year revenue guidance

Digital Content Manager
Jun 4, 2021 at 10:31 AM
facebook X logo linkedin

Lululemon Athletica Inc (NASDAQ:LULU) reported first-quarter profits of $1.16 per share last night, easily topping Wall Street's estimates of 91 cents per share, while its revenue of $1.23 billion came in line with analysts' forecasts. The company also lifted its full-year revenue forecast, citing high demand for workout clothing as many took to at-home workouts and comfortable clothing during the pandemic. Despite easing lockdown restrictions and gyms reopening, the company anticipates sustained demand for its workout wear. 

The quarterly report has garnered plenty of interest from the brokerage bunch, though not all of it is positive. Four analysts lifted their price targets, including Barclays to $418 from $401, while three slashed their price estimates. The lowest came from B. Riley all the way to $370. 

Sentiment heading into today was decidedly bullish, though. Fifteen called LULU a "buy" or better, while seven said "hold." Meanwhile, the 12-month consensus price target of $386.57 is a 20.8% premium to last night's close. 

The stock is  up 1.2% at $321.08 this morning, recovering from yesterday's pullback from the $330 level. The 320-day moving average has helped provide support for LULU since March, though the equity is still off roughly 8% year-to-date. 

Options volume is already ramped up, with 7,049 calls and 6,098 puts across the tape -- nine times the intraday average. The most popular position is the 6/4 345-strike call, followed by the 370-strike call in the same series. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI