lululemon athletica inc. (NASDAQ:LULU) issued its quarterly earnings data on Thursday. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04, Briefing.com reports. The business had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.91%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. lululemon athletica inc. updated its Q3 guidance to $0.50-0.52 EPS and its FY18 guidance to $2.35-2.42 EPS.

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 61.69 on Friday. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 29.22 and a beta of 0.23. The firm’s 50-day moving average is $60.47 and its 200-day moving average is $57.49.

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In other lululemon athletica inc. news, Director Glenn Murphy acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was acquired at an average cost of $55.50 per share, for a total transaction of $5,550,000.00. Following the completion of the transaction, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.29% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of LULU. Penserra Capital Management LLC boosted its stake in lululemon athletica inc. by 1.9% in the first quarter. Penserra Capital Management LLC now owns 4,600 shares of the apparel retailer’s stock worth $238,000 after buying an additional 84 shares during the period. Comerica Bank boosted its stake in lululemon athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock worth $588,000 after buying an additional 97 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock worth $142,000 after buying an additional 121 shares during the period. Great West Life Assurance Co. Can boosted its stake in lululemon athletica inc. by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 59,288 shares of the apparel retailer’s stock worth $3,072,000 after buying an additional 173 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in lululemon athletica inc. by 5.9% in the second quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock worth $252,000 after buying an additional 237 shares during the period. Institutional investors and hedge funds own 79.56% of the company’s stock.

A number of research firms have recently weighed in on LULU. Berenberg Bank began coverage on shares of lululemon athletica inc. in a research report on Tuesday, May 16th. They issued a “hold” rating and a $54.00 target price on the stock. Jefferies Group LLC set a $56.00 target price on shares of lululemon athletica inc. and gave the stock a “hold” rating in a research report on Friday, June 2nd. Cowen and Company reaffirmed an “outperform” rating and issued a $68.00 target price (up from $67.00) on shares of lululemon athletica inc. in a research report on Friday. Zacks Investment Research raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Thursday, August 17th. Finally, Credit Suisse Group set a $56.00 target price on shares of lululemon athletica inc. and gave the stock a “hold” rating in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. lululemon athletica inc. has a consensus rating of “Hold” and an average price target of $66.13.

lululemon athletica inc. Company Profile

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.

Earnings History for lululemon athletica inc. (NASDAQ:LULU)

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