Lululemon Athletica (LULU) Releases Q4 Earnings Guidance
Lululemon Athletica (NASDAQ:LULU) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.72-1.74 for the period, compared to the Thomson Reuters consensus estimate of $1.70. The company issued revenue guidance of $1.14-1.15 billion, compared to the consensus revenue estimate of $1.12 billion.
Shares of NASDAQ LULU opened at $138.97 on Monday. Lululemon Athletica has a 1-year low of $74.90 and a 1-year high of $164.79. The stock has a market cap of $18.01 billion, a PE ratio of 53.66, a P/E/G ratio of 1.91 and a beta of 0.53.
Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 6th. The apparel retailer reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.06. Lululemon Athletica had a net margin of 12.63% and a return on equity of 30.28%. The firm had revenue of $747.70 million for the quarter, compared to analysts’ expectations of $736.10 million. During the same period in the previous year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. Sell-side analysts forecast that Lululemon Athletica will post 3.7 EPS for the current fiscal year.
In other news, major shareholder Dennis J. Wilson sold 847,000 shares of Lululemon Athletica stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $136.53, for a total value of $115,640,910.00. Following the completion of the sale, the insider now directly owns 3,852 shares in the company, valued at $525,913.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is currently owned by company insiders.
About Lululemon Athletica
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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