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.

LULU has been the topic of several recent analyst reports. BidaskClub cut shares of Lululemon Athletica from a strong-buy rating to a buy rating in a research note on Tuesday, October 9th. Canaccord Genuity upgraded shares of Lululemon Athletica from a hold rating to a buy rating and increased their target price for the stock from $152.00 to $160.00 in a research note on Wednesday, October 24th. MKM Partners set a $174.00 price target on shares of Lululemon Athletica and gave the stock a buy rating in a report on Tuesday, October 2nd. ValuEngine lowered shares of Lululemon Athletica from a strong-buy rating to a buy rating in a report on Wednesday, November 21st. Finally, Guggenheim reissued a buy rating and issued a $165.00 price target on shares of Lululemon Athletica in a report on Thursday, December 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Lululemon Athletica has a consensus rating of Buy and an average price target of $159.53.

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.

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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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Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

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