lululemon athletica (LULU) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS
lululemon athletica (NASDAQ:LULU) posted its quarterly earnings data on Wednesday. The apparel retailer reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04, Briefing.com reports. The company had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. lululemon athletica had a net margin of 11.68% and a return on equity of 22.51%. lululemon athletica’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. lululemon athletica updated its Q4 guidance to $1.19-1.22 EPS.
Shares of lululemon athletica (LULU) opened at $67.66 on Thursday. lululemon athletica has a 52 week low of $47.26 and a 52 week high of $72.70. The company has a market capitalization of $8,983.88, a price-to-earnings ratio of 30.44, a P/E/G ratio of 2.46 and a beta of 0.19.
Several research analysts recently weighed in on LULU shares. Vetr upgraded shares of lululemon athletica from a “hold” rating to a “buy” rating and set a $63.40 price objective on the stock in a research report on Thursday, August 10th. Robert W. Baird set a $70.00 price objective on shares of lululemon athletica and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Cowen set a $67.00 price target on shares of lululemon athletica and gave the company a “buy” rating in a research report on Monday, August 21st. Bank of America upgraded shares of lululemon athletica from an “underperform” rating to a “buy” rating and increased their price target for the company from $48.00 to $70.00 in a research report on Monday, August 21st. Finally, Zacks Investment Research upgraded shares of lululemon athletica from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Thursday, August 17th. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $66.10.
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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