Lululemon Athletica (NASDAQ:LULU) Announces Earnings Results, Beats Estimates By $0.16 EPS

Lululemon Athletica (NASDAQ:LULUGet Free Report) announced its earnings results on Wednesday. The apparel retailer reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.16, Briefing.com reports. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the firm posted $2.28 earnings per share. Lululemon Athletica’s revenue was up 10.4% compared to the same quarter last year.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $317.86 on Friday. The stock has a market cap of $40.05 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 1.52 and a beta of 1.27. The stock has a 50-day moving average of $340.49 and a 200-day moving average of $422.87. Lululemon Athletica has a one year low of $293.03 and a one year high of $516.39.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LULU. BMO Capital Markets dropped their target price on shares of Lululemon Athletica from $420.00 to $384.00 and set a “market perform” rating on the stock in a research report on Thursday. TD Securities decreased their price target on shares of Lululemon Athletica from $515.00 to $437.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. JPMorgan Chase & Co. reduced their target price on shares of Lululemon Athletica from $509.00 to $457.00 and set an “overweight” rating on the stock in a research note on Thursday. Stifel Nicolaus boosted their target price on shares of Lululemon Athletica from $410.00 to $416.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Sanford C. Bernstein upped their price target on shares of Lululemon Athletica from $376.00 to $382.00 and gave the stock a “market perform” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average target price of $437.74.

Read Our Latest Report on LULU

Insider Activity

In other Lululemon Athletica news, Director Martha A. M. Morfitt bought 700 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average cost of $389.29 per share, with a total value of $272,503.00. Following the purchase, the director now owns 500 shares in the company, valued at $194,645. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is currently owned by company insiders.

About Lululemon Athletica

(Get Free Report)

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.

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Earnings History for Lululemon Athletica (NASDAQ:LULU)

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