Sentiment among analysts remains bullish, with 14 of 21 brokerages having a Buy or Strong Buy rating and the rest rating Dell at Hold. At a share price of around $55.50, the upside potential based on a median price target of $58.5 is 5.4%. At the high price target of $65.00, the upside potential is about 17.1%.
The consensus revenue estimate for Dell’s second quarter of fiscal 2024 is $20.84 billion, down 0.4% sequentially and 21.2% lower year over year. Adjusted EPS are forecast at $1.14, down 13.2% sequentially and by 32.1% year over year. For the full fiscal year ending in January, analysts expect EPS of $5.57, down 26.8%, on sales of $86.93 billion, down 15%.
Dell stock trades at 10.1 times expected 2024 EPS, 9.2 times estimated 2025 earnings of $6.17 and 8.2 times estimated 2026 earnings of $6.91 per share. The 52-week trading range is $32.90 to $58.72. Dell pays an annual dividend of $1.48 (yield of 2.63%), and the total shareholder return for the past year was 43.90%.
Lululemon
Lululemon Athletica Inc. (NASDAQ: LULU) has posted a share price increase of almost 22% over the past 12 months. The stock’s 52-week high was posted earlier this month, but it has pulled back by about 5% since.
The company has beaten consensus EPS estimates in 12 consecutive quarters and consensus revenue estimates in 11 of those 12, missing by just 0.15% in its fourth quarter of fiscal 2022. Lululemon is clearly on a roll. A jump to around $360.00 a share in late March has topped out at around $390.00, and the stock has traded in that range for most of the past five months. Can the streak last? Even if it does, is that enough to keep investors happy?
Analysts have not been generous to Lululemon, either, setting a pretty high bar for second-quarter results. Yet, of 32 brokerages covering the company, 23 have given the shares a Buy or Strong Buy rating. Five more have Hold ratings. At a share price of around $376.00, the upside potential based on a median price target of $425.00 is 13%. At the high price target of $531.00, the upside potential is 41.2%.
Second-quarter fiscal 2024 revenue is forecast at $2.17 billion, up 8.5% sequentially and by 16.0% year over year. Adjusted EPS are forecast at $2.54, 11.4% up sequentially and by 15.5% year over year. For the full fiscal year that ends in January, analysts expect Lululemon to report EPS of $11.94, up 18.6%, on sales of $9.51 billion, up 17.2%.
Lululemon stock trades at 31.4 times expected 2024 EPS, 27.3 times estimated 2025 earnings of $13.74 and 23.5 times estimated 2026 earnings of $15.95 per share. The 52-week range is $277.50 to $394.64. The company does not pay a dividend. Total shareholder return for the past year was 21.86%.
Originally published at 24/7 Wall St.
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