Lululemon Athletica (LULU) Releases Q4 2018 Earnings Guidance
Lululemon Athletica (NASDAQ:LULU) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.64-1.67 for the period, compared to the Thomson Reuters consensus estimate of $1.65. The company issued revenue guidance of $1.115-1.125 billion, compared to the consensus revenue estimate of $1.12 billion.Lululemon Athletica also updated its FY 2018 guidance to $3.65-3.68 EPS.
Shares of LULU stock traded down $2.18 during trading hours on Thursday, hitting $131.44. The stock had a trading volume of 5,570,979 shares, compared to its average volume of 2,012,760. Lululemon Athletica has a one year low of $71.29 and a one year high of $164.79. The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of 50.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.37.
Several equities research analysts have recently issued reports on LULU shares. Royal Bank of Canada lifted their target price on Lululemon Athletica from $160.00 to $185.00 and gave the stock an outperform rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. ValuEngine cut Lululemon Athletica from a strong-buy rating to a buy rating in a report on Wednesday, November 21st. Morgan Stanley lifted their target price on Lululemon Athletica from $108.00 to $133.00 and gave the stock an equal weight rating in a report on Tuesday, September 4th. CIBC lifted their target price on Lululemon Athletica from $180.00 to $190.00 and gave the stock an outperform rating in a report on Thursday, September 27th. Finally, Wells Fargo & Co set a $144.00 target price on Lululemon Athletica and gave the stock a hold rating in a report on Friday, August 31st. They noted that the move was a valuation call. Fourteen research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $156.73.
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lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through 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; and athletic wear for female youth.
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