Lululemon Athletica Inc Stock Research

Market Summary

USD340.26-2.08

Market Closed

-0.61%

LULU Stock Price

LULU RSI Chart

LULU Valuation

Market Cap

41.6B

Price/Earnings (Trailing)

48.64

Price/Sales (Trailing)

5.13

EV/EBITDA

24.89

Price/Free Cashflow

126.85

LULU Price/Sales (Trailing)

LULU Profitability

EBT Margin

21.49%

Return on Equity

38.48%

Return on Assets

22.03%

Free Cashflow Yield

0.79%

LULU Fundamentals

LULU Revenue

Revenue (TTM)

8.1B

Revenue Y/Y

30.19%

Revenue Q/Q

49.27%

LULU Earnings

Earnings (TTM)

854.8M

Earnings Y/Y

-72.43%

Earnings Q/Q

-53.1%

Price Action

52 Week Range

258.79389.06

(Low)(High)

Last 7 days

-7.7%

Last 30 days

-8.8%

Last 90 days

10.4%

Trailing 12 Months

18.4%

LULU Financial Health

Current Ratio

1.99

LULU Investor Care

Buy Backs (1Y)

0.89%

Diluted EPS (TTM)

6.68

Peers (Alternatives to Lululemon Athletica)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NKE	166.0B	50.6B	-13.19%	-3.73%	30.3	3.28	8.13%	-10.43%
LULU	41.6B	8.1B	-8.76%	18.36%	48.64	5.13	29.63%	-12.36%
MID-CAP
TPR	9.7B	6.7B	4.07%	24.82%	10.73	1.45	-0.13%	3.85%
RL	7.5B	6.4B	0.69%	16.51%	14.57	1.17	7.40%	2.63%
VFC	7.0B	11.7B	-18.91%	-62.69%	16.93	0.6	4.21%	-68.79%
PVH	5.6B	9.0B	7.09%	27.19%	28.15	0.63	-1.43%	-78.96%
LEVI	5.3B	6.3B	-5.56%	-23.78%	10.9	0.85	3.57%	-19.58%
COLM	4.6B	3.5B	-13.34%	-0.66%	14.88	1.32	8.00%	-12.05%
UA	2.9B	5.9B	-17.28%	-28.70%	7.55	0.49	3.08%	73.67%
CRI	2.4B	3.1B	-7.27%	-18.90%	11.16	0.76	-10.14%	-34.92%
SMALL-CAP
OXM	1.7B	1.4B	5.06%	21.49%	10.38	1.22	23.59%	26.65%
GIII	822.0M	3.2B	12.83%	-28.22%	-6.18	0.25	16.63%	-166.33%
SGC	148.6M	566.0M	21.76%	-47.53%	-4.09	0.26	4.87%	-250.10%
JRSH	54.6M	145.2M	-1.23%	-31.37%	12.79	0.38	-3.11%	-51.07%
EVK	4.3M	313.4M	-52.52%	-87.98%	-1.57	0.01	2.82%	-297.70%

Financials for Lululemon Athletica

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	8.6%	8,111	7,468	7,061	6,644	6,257
Gross Profit	6.9%	4,492	4,201	3,991	3,779	3,609
S&GA Expenses	6.2%	2,757	2,596	2,457	2,336	2,225
EBITDA	6.6%	1,879	1,763	1,638	-	-
EBITDA Margin	0.8%	0.25*	0.25*	0.25*	-	-
Earnings Before Taxes	-17.0%	1,333	1,605	1,510	1,400	1,334
EBT Margin	0.5%	0.21*	0.21*	0.21*	-	-
Net Income	-26.9%	855	1,169	1,102	1,020	975
Net Income Margin	0.4%	0.16*	0.16*	0.15*	-	-
Free Cahsflow	-61.3%	92.00	238	490	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	5.6%	5,607	5,309	4,921	4,697	4,942
Current Assets	19.9%	3,159	2,634	2,387	2,303	2,615
Cash Equivalents	227.5%	1,155	353	499	649	1,260
Inventory	49.8%	1,447	966	-	-	-
Net PPE	13.1%	1,270	1,122	1,060	975	928
Goodwill	-93.8%	24.00	387	387	387	387
Liabilities	8.3%	2,458	2,270	2,063	2,029	2,202
Current Liabilities	12.8%	1,492	1,323	1,207	1,207	1,405
. Short Term Borrowings	NaN%	-	-	-	-	-
Shareholder's Equity	3.6%	3,149	3,039	2,858	2,668	2,740
Retained Earnings	1.8%	2,926	2,875	2,636	2,471	2,513
Additional Paid-In Capital	4.2%	475	455	433	413	423
Accumulated Depreciation	-0.6%	918	924	871	829	-
Shares Outstanding	-0.1%	122	122	122	123	123

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	48.4%	966	651	744	932	1,389
Share Based Compensation	1.7%	78.00	77.00	78.00	73.00	69.00
Cashflow From Investing	-13.7%	-569	-501	-451	-443	-427
Cashflow From Financing	35.2%	-467	-721	-938	-982	-844
Buy Backs	-36.2%	444	696	916	961	813

Risks for LULU

What is the probability of a big loss on LULU?

81.2%

Probability that Lululemon Athletica stock will be more than 20% underwater in next one year

59.2%

Probability that Lululemon Athletica stock will be more than 30% underwater in next one year.

10.4%

Probability that Lululemon Athletica stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LULU drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Lululemon Athletica was unfortunately bought at previous high price.

Drawdowns

Returns for LULU

Cumulative Returns on LULU

15.8%

10-Year Cumulative Returns

26.8%

7-Year Cumulative Returns

26.2%

5-Year Cumulative Returns

6.5%

3-Year Cumulative Returns

What are the long-term rolling returns for LULU?

FIve years rolling returns for Lululemon Athletica.

Annualized Returns

Which funds bought or sold LULU recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-24	Old North State Trust, LLC	added	8.56	59,000	310,000	0.22%
2023-05-23	BROOKFIELD Corp /ON/	sold off	-100	-1,098,580	-	-%
2023-05-23	Toroso Investments, LLC	sold off	-100	-437,000	-	-%
2023-05-22	American Trust	sold off	-100	-248,615	-	-%
2023-05-22	FDx Advisors, Inc.	unchanged	-	-	796,000	0.04%
2023-05-22	CTC LLC	new	-	6,702,730	6,702,730	-%
2023-05-22	Raleigh Capital Management Inc.	added	21.57	6,241	22,580	0.01%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-1.25	19,203,800	175,854,000	0.06%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-8.88	7,288,160	210,852,000	0.34%
2023-05-18	Manitou Investment Management Ltd.	new	-	30,956	30,956	0.01%

Latest Funds Activity

Are funds buying LULU calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own LULU

No. of Funds

Lululemon Athletica News

Schedule 13G FIlings of Lululemon Athletica

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 19, 2023	wilson dennis j.	8.3%	10,602,345	SC 13D/A
Mar 10, 2023	wilson dennis j.	8.4%	10,717,133	SC 13D/A
Feb 14, 2023	price t rowe associates inc /md/	3.3%	3,995,398	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	6.06%	7,416,772	SC 13G/A
Feb 01, 2023	blackrock inc.	6.1%	7,452,223	SC 13G/A
Jan 25, 2023	wilson dennis j.	8.4%	10,717,133	SC 13D/A
Feb 14, 2022	prudential financial inc	3.26%	0	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	6.9%	8,611,468	SC 13G/A
Feb 10, 2022	jennison associates llc	3.2%	3,752,489	SC 13G/A

LULU Fair Value

Lululemon Athletica fair value in different scenarios

The table shows the Fair Value estimates for Lululemon Athletica for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	206.91 -39.19%	282.13 -17.08%	419.40 23.26%	692.55 103.54%	878.39 158.15%
Current Inflation	189.33 -44.36%	254.12 -25.32%	370.26 8.82%	601.72 76.84%	757.80 122.71%
Very High Inflation	167.66 -50.73%	220.26 -35.27%	312.28 -8.22%	496.27 45.85%	618.84 81.87%

Historical Lululemon Athletica Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Lululemon Athletica

View All Filings

Date Filed	Form Type	Document
May 19, 2023	SC 13D/A	13D - Major Acquisition
Apr 27, 2023	DEF 14A	DEF 14A
Apr 27, 2023	DEFA14A	DEFA14A
Apr 03, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading
Mar 29, 2023	4	Insider Trading

Latest Insider Trading transactions for LULU

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-31	FRANK MEGHAN	sold (taxes)	-41,517	364	-114	chief financial officer
2023-03-31	BURGOYNE CELESTE	sold	-6,278,170	362	-17,343	pres americas & global guest
2023-03-31	BURGOYNE CELESTE	acquired	2,175,590	125	17,343	pres americas & global guest
2023-03-31	Choe Michelle Sun	sold (taxes)	-105,979	364	-291	chief product officer
2023-03-31	BURGOYNE CELESTE	sold (taxes)	-104,887	364	-288	pres americas & global guest
2023-03-31	NEUBURGER NICOLE	sold (taxes)	-41,517	364	-114	chief brand officer
2023-03-31	MAESTRINI ANDRE	sold (taxes)	-55,356	364	-152	evp, international
2023-03-30	BURGOYNE CELESTE	acquired	799,973	358	2,234	pres americas & global guest
2023-03-30	FRANK MEGHAN	sold (taxes)	-49,774	358	-139	chief financial officer
2023-03-30	MAESTRINI ANDRE	acquired	499,894	358	1,396	evp, international

About Lululemon Athletica

Calvin R. McDonald

www.lululemon.com

29000

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits. It also provides fitness-related accessories and footwear. The company sells its products through a chain of company-operated stores; outlets and warehouse sales; interactive workout platform; a network of wholesale accounts, such as yoga studios, health clubs, and fitness centers; temporary locations; and license and supply arrangements, as well as directly to consumer through mobile apps and lululemon.com e-commerce website. As of January 30, 2022, it operated 574 company-operated stores under the lululemon brand in the United States, Canada, the People's Republic of China, Australia, the United Kingdom, Japan, New Zealand, Germany, South Korea, Singapore, France, Malaysia, Sweden, Ireland, the Netherlands, Norway, and Switzerland. lululemon athletica inc. was founded in 1998 and is based in Vancouver, Canada.

LULU Income Statement

2023-01-29

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands	12 Months Ended
	Jan. 29, 2023	Jan. 30, 2022	Jan. 31, 2021
Income Statement [Abstract]
Net revenue	$ 8,110,518,000	$ 6,256,617,000	$ 4,401,879,000
Cost of goods sold	3,618,178,000	2,648,052,000	1,937,888,000
Gross profit	4,492,340,000	3,608,565,000	2,463,991,000
Selling, general and administrative expenses	2,757,447,000	2,225,034,000	1,609,003,000
Amortization of intangible assets	8,752,000	8,782,000	5,160,000
Impairment of goodwill and other assets	407,913,000	0	0
Acquisition-related expenses	0	41,394,000	29,842,000
Gain on disposal of assets	(10,180,000)	0	0
Income from operations	1,328,408,000	1,333,355,000	819,986,000
Other income (expense), net	4,163,000	514,000	(636,000)
Income before income tax expense	1,332,571,000	1,333,869,000	819,350,000
Income tax expense	477,771,000	358,547,000	230,437,000
Net income	854,800,000	975,322,000	588,913,000
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	(65,571,000)	(28,494,000)	72,731,000
Net investment hedge gains (losses)	8,904,000	9,732,000	(25,305,000)
Other comprehensive income (loss), net of tax	(56,667,000)	(18,762,000)	47,426,000
Comprehensive income	$ 798,133,000	$ 956,560,000	$ 636,339,000
Basic earnings per share (in dollars per share)	$ 6.70	$ 7.52	$ 4.52
Diluted earnings per share (in dollars per share)	$ 6.68	$ 7.49	$ 4.50
Basic weighted-average number of shares outstanding (in shares)	127,666	129,768	130,289
Diluted weighted-average number of shares outstanding (in shares)	128,017	130,295	130,871

LULU Balance Sheet

2023-01-29

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 29, 2023	Jan. 30, 2022
Current assets
Cash and cash equivalents	$ 1,154,867	$ 1,259,871
Accounts receivable, net	132,906	77,001
Inventories	1,447,367	966,481
Prepaid and receivable income taxes	185,641	118,928
Prepaid expenses and other current assets	238,672	192,572
Total current assets	3,159,453	2,614,853
Property and equipment, net	1,269,614	927,710
Right-of-use lease assets	969,419	803,543
Goodwill	24,144	386,880
Intangible assets, net	21,961	71,299
Deferred income tax assets	6,402	6,091
Other non-current assets	156,045	132,102
Total assets	5,607,038	4,942,478
Current liabilities
Accounts payable	172,732	289,728
Accrued liabilities and other	399,223	330,800
Accrued compensation and related expenses	248,167	204,921
Current lease liabilities	207,972	188,996
Current income taxes payable	174,221	133,852
Unredeemed gift card liability	251,478	208,195
Other current liabilities	38,405	48,842
Total current liabilities	1,492,198	1,405,334
Non-current lease liabilities	862,362	692,056
Non-current income taxes payable	28,555	38,074
Deferred income tax liabilities	55,084	53,352
Other non-current liabilities	20,040	13,616
Total liabilities	2,458,239	2,202,432
Commitments and contingencies
Stockholders' equity
Undesignated preferred stock, $0.01 par value: 5,000 shares authorized; none issued and outstanding	0	0
Exchangeable stock, no par value: 60,000 shares authorized; 5,116 and 5,203 issued and outstanding	0	0
Special voting stock, $0.000005 par value: 60,000 shares authorized; 5,116 and 5,203 issued and outstanding	0	0
Common stock, $0.005 par value: 400,000 shares authorized; 122,205 and 123,297 issued and outstanding	611	616
Additional paid-in capital	474,645	422,507
Retained earnings	2,926,127	2,512,840
Accumulated other comprehensive loss	(252,584)	(195,917)
Total stockholders' equity	3,148,799	2,740,046
Total liabilities and stockholders' equity	$ 5,607,038	$ 4,942,478