Lululemon Athletica Inc. is currently experiencing a steep decline in its stock value, falling from 2023 highs above $500 to around $125.81, prompting Piper Sandler to downsize its price target from $190 to $130. Amid this turbulence, the company is urging shareholders to reject board nominees from founder Chip Wilson while preparing for its earnings report on May 28, which estimates revenue between $10.96 and $11.05 billion. Despite recent growth in international markets and a projected 20% compound annual growth rate in earnings per share, Lululemon's U.S. business is struggling, evident in a 2% revenue drop in the Americas in Q3.
“Meghan C. Frank · is the CEO of · Lululemon”
“Lululemon · is headquartered in · Vancouver, British Columbia”
“Piper Sandler · lowered Lululemon's price target to · $130 · from $190”
“Lululemon · is urging shareholders to reject · Chip Wilson's board nominees”
“lululemon athletica inc. · current stock price · USD · 125.81”
“lululemon athletica inc. · stock price change · USD · -0.95”
“lululemon athletica inc. · market capitalization · USD · 15.06 B”
“lululemon athletica inc. · next earnings report date · date · May 28”
“lululemon athletica inc. · EPS estimate · USD · 1.68”
“lululemon athletica inc. · revenue estimate · USD · 2.43 B”
“lululemon athletica inc. · basic EPS (TTM) · USD · 13.31”
“lululemon athletica inc. · net income (FY) · USD · 1.58 B”
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