Lululemon Athletica (NASDAQ:LULU) Issues Q2 2021 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) updated its second quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of $1.100-1.150 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.000. The company issued revenue guidance of $1.30 billion-1.33 billion, compared to the consensus revenue estimate of $1.20 billion.Lululemon Athletica also updated its FY 2021 guidance to $6.730-6.860 EPS.

LULU has been the topic of several recent analyst reports. Evercore ISI reaffirmed a buy rating on shares of Lululemon Athletica in a research report on Tuesday. Royal Bank of Canada initiated coverage on Lululemon Athletica in a research report on Friday, April 23rd. They set an outperform rating and a $380.00 price objective on the stock. Cowen dropped their price objective on Lululemon Athletica from $409.00 to $389.00 and set an outperform rating on the stock in a research report on Monday, March 15th. Piper Sandler dropped their price objective on Lululemon Athletica from $465.00 to $445.00 and set an overweight rating on the stock in a research report on Friday, June 4th. Finally, Barclays increased their price objective on Lululemon Athletica from $401.00 to $418.00 and gave the company an overweight rating in a research report on Friday, June 4th. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $383.61.

NASDAQ:LULU traded up $2.58 during trading hours on Thursday, reaching $329.80. The stock had a trading volume of 669,702 shares, compared to its average volume of 1,334,756. Lululemon Athletica has a 52 week low of $269.28 and a 52 week high of $399.90. The company’s 50 day moving average price is $322.67. The company has a market capitalization of $43.00 billion, a PE ratio of 61.19, a PEG ratio of 2.64 and a beta of 1.34.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, June 2nd. The apparel retailer reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.25. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Lululemon Athletica had a return on equity of 31.50% and a net margin of 14.17%. The company’s quarterly revenue was up 88.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS. Analysts anticipate that Lululemon Athletica will post 6.86 EPS for the current fiscal year.

In related news, CEO Calvin Mcdonald sold 3,000 shares of the business’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $335.00, for a total transaction of $1,005,000.00. Following the completion of the transaction, the chief executive officer now owns 36,469 shares in the company, valued at approximately $12,217,115. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martha A. M. Morfitt acquired 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 8th. The shares were acquired at an average price of $330.00 per share, with a total value of $1,584,000.00. Following the acquisition, the director now owns 90,154 shares in the company, valued at $29,750,820. The disclosure for this purchase can be found here. 0.39% of the stock is owned by insiders.

About Lululemon Athletica

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. 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.

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

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