Lululemon (LULU) Set to Announce Quarterly Earnings on Thursday
Lululemon (NASDAQ:LULU) will announce its Q2 2013 earnings results on Thursday, September 12th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $342.70 million for the quarter.
Lululemon (NASDAQ:LULU) opened at 70.07 on Wednesday. Lululemon has a 1-year low of $59.60 and a 1-year high of $82.50. The stock’s 50-day moving average is $70.80 and its 200-day moving average is $70.28. The company has a market cap of $10.129 billion and a price-to-earnings ratio of 38.53. Lululemon also was the target of some unusual options trading on Monday. Stock traders acquired 16,016 call options on the stock. This is an increase of 139% compared to the average volume of 6,691 call options.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Monday. They set a “buy” rating and a $69.49 price target on the stock. On the ratings front, analysts at Janney Montgomery Scott cut their price target on shares of Lululemon (NASDAQ:LULU) from $87.00 to $79.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Lululemon (NASDAQ:LULU) from $73.00 to $78.00 in a research note to investors on Thursday, September 5th. They now have a “neutral” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Lululemon presently has an average rating of “Hold” and a consensus target price of $75.17.
Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.
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