lululemon athletica inc. (LULU) Releases Q3 Earnings Guidance
lululemon athletica inc. (NASDAQ:LULU) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.50-0.52 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of $605-615 million, compared to the consensus revenue estimate of $599.29 million.lululemon athletica inc. also updated its FY18 guidance to $2.35-2.42 EPS.
Several research firms recently commented on LULU. UBS AG restated a neutral rating and issued a $54.00 price target (down from $57.00) on shares of lululemon athletica inc. in a research note on Tuesday, May 30th. Royal Bank Of Canada increased their price objective on shares of lululemon athletica inc. from $64.00 to $66.00 and gave the stock an outperform rating in a research note on Friday. FBR & Co restated a hold rating and issued a $55.00 price target on shares of lululemon athletica inc. in a research note on Friday. Barclays PLC set a $85.00 price target on shares of lululemon athletica inc. and gave the company a buy rating in a research note on Saturday, June 3rd. Finally, Oppenheimer Holdings, Inc. set a $65.00 price target on shares of lululemon athletica inc. and gave the company a buy rating in a research note on Saturday, June 3rd. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. lululemon athletica inc. currently has an average rating of Hold and an average target price of $65.66.
lululemon athletica inc. (NASDAQ:LULU) opened at 57.55 on Friday. lululemon athletica inc. has a 12 month low of $47.26 and a 12 month high of $72.70. The stock has a market cap of $7.87 billion, a P/E ratio of 27.26 and a beta of 0.25. The firm’s 50-day moving average price is $60.41 and its 200-day moving average price is $57.53. lululemon athletica inc. also saw some unusual options trading on Tuesday. Investors acquired 13,238 call options on the company. This is an increase of approximately 195% compared to the typical daily volume of 4,485 call options.
lululemon athletica inc. (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a return on equity of 23.54% and a net margin of 12.21%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 EPS. On average, analysts predict that lululemon athletica inc. will post $2.35 earnings per share for the current year.
In other lululemon athletica inc. news, Director Glenn Murphy purchased 97,728 shares of the business’s stock in a transaction on Monday, June 26th. The stock was bought at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the acquisition, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.29% of the company’s stock.
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About lululemon athletica inc.
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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