lululemon athletica (NASDAQ:LULU) Issues Q3 2026 Earnings Guidance

lululemon athletica (NASDAQ:LULU) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 0.930-0.980 for the period, compared to the consensus earnings per share estimate of 2.520. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.6 billion. lululemon athletica also updated its FY 2026 guidance to 9.480-9.730 EPS.

Analysts Set New Price Targets

Several brokerages have issued reports on LULU. Guggenheim reissued a “neutral” rating on shares of lululemon athletica in a report on Friday. Needham & Company LLC reiterated a “hold” rating on shares of lululemon athletica in a research report on Friday. Sanford C. Bernstein lowered their target price on shares of lululemon athletica from $145.00 to $115.00 and set a “market perform” rating on the stock in a research note on Friday. Citigroup dropped their price target on shares of lululemon athletica from $185.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, June 9th. Finally, Jefferies Financial Group cut their price target on shares of lululemon athletica from $145.00 to $115.00 and set a “hold” rating for the company in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $116.46.

lululemon athletica Price Performance

Shares of LULU opened at $100.61 on Friday. The company has a market capitalization of $11.94 billion, a P/E ratio of 8.24, a PEG ratio of 2.53 and a beta of 0.87. lululemon athletica has a one year low of $97.99 and a one year high of $225.98. The business’s 50 day simple moving average is $118.42 and its 200-day simple moving average is $136.36.

lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, September 3rd. The apparel retailer reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $1.13. lululemon athletica had a return on equity of 27.73% and a net margin of 12.78%.The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the firm posted $3.10 EPS. The business’s revenue was down 4.3% on a year-over-year basis. lululemon athletica has set its FY 2026 guidance at 9.480-9.730 EPS and its Q3 2026 guidance at 0.930-0.980 EPS. On average, sell-side analysts anticipate that lululemon athletica will post 10.93 EPS for the current fiscal year.

Insider Activity at lululemon athletica

In related news, Director Charles Bergh purchased 4,275 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $117.05 per share, with a total value of $500,388.75. Following the completion of the acquisition, the director directly owned 10,365 shares in the company, valued at approximately $1,213,223.25. This trade represents a 70.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

Key Headlines Impacting lululemon athletica

Here are the key news stories impacting lululemon athletica this week:

• Positive Sentiment: Fiscal Q2 adjusted EPS of $2.92 exceeded the $1.79 consensus estimate. However, approximately $0.86 per share of the result came from tariff refunds, making the beat less indicative of underlying operating strength. lululemon Q2 Earnings Beat on Tariff Refunds Despite Revenue Miss
• Positive Sentiment: Michael Burry reportedly remains bullish and indicated he may buy more shares below $100, offering a contrarian vote of confidence despite the disappointing results. Lululemon Sinks 20% After Second Guidance Cut
• Neutral Sentiment: Incoming CEO Heidi O’Neill takes over next week, putting renewed focus on whether a product refresh, stronger marketing and improved traffic can restore growth. Lululemon forecast cut hits shares, underscores challenge for next CEO
• Neutral Sentiment: Analyst opinion became more cautious: Goldman Sachs, Barclays, JPMorgan, Morgan Stanley, Piper Sandler and others lowered price targets, though several retained neutral or market-perform ratings and some targets remain above the stock’s recent level.
• Negative Sentiment: Q2 revenue fell 4% year over year to $2.42 billion, below the $2.46 billion consensus, while comparable sales dropped 9%. Americas revenue declined 8% and comparable sales fell 12%, signaling weakness in the company’s core market. Lululemon shares tumble on weak China, North America sales
• Negative Sentiment: Management reduced fiscal 2026 revenue guidance to $10.35 billion-$10.50 billion and EPS guidance to $9.48-$9.73. Q3 revenue is expected to decline 10%-11%, reinforcing concerns that the slowdown will persist.
• Negative Sentiment: The CEO transition, uneven product acceptance, softer store traffic, intense competition and a stronger-than-expected jobs report that increased rate concerns compounded the pressure on the apparel retailer’s valuation.

Institutional Trading of lululemon athletica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of lululemon athletica in the 4th quarter valued at about $429,000. Rakuten Securities Inc. lifted its holdings in lululemon athletica by 60.4% in the second quarter. Rakuten Securities Inc. now owns 935 shares of the apparel retailer’s stock valued at $222,000 after buying an additional 352 shares during the period. Voleon Capital Management LP acquired a new position in lululemon athletica in the second quarter valued at approximately $201,000. Smartleaf Asset Management LLC boosted its stake in lululemon athletica by 88.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 619 shares of the apparel retailer’s stock valued at $130,000 after acquiring an additional 291 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. bought a new position in lululemon athletica in the fourth quarter valued at approximately $128,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.

lululemon athletica Company Profile

lululemon athletica inc. is a design-focused athletic apparel company known for performance-oriented apparel, footwear and accessories. The company’s product portfolio centers on technical apparel for yoga, running, training and everyday active lifestyle use and includes tops, bottoms, outerwear, underwear, bags and a growing footwear assortment. lululemon emphasizes fabric science and product innovation, marketing garments that blend performance features with lifestyle styling.

Products are developed in-house and produced through a network of third-party manufacturers.