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Lululemon Athletica inc. (NASDAQ:LULU) issued an update on its FY15 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.71-1.76 for the period, compared to the Thomson Reuters consensus estimate of $1.89, reports. The company issued revenue guidance of $1.77-1.80 billion, compared to the consensus revenue estimate of $1.80 billion.Lululemon Athletica inc. also updated its Q2 guidance to $0.28-0.30 EPS.

Lululemon Athletica inc. (NASDAQ:LULU) traded down 14.93% during mid-day trading on Thursday, hitting $37.6864. 17,092,530 shares of the company’s stock traded hands. Lululemon Athletica inc. has a one year low of $42.28 and a one year high of $77.75. The stock has a 50-day moving average of $44.92 and a 200-day moving average of $51.53. The company has a market cap of $5.478 billion and a price-to-earnings ratio of 23.19. Lululemon Athletica inc. also was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 37,791 put options on the company. This represents an increase of approximately 408% compared to the typical volume of 7,441 put options.

Lululemon Athletica inc. (NASDAQ:LULU) last announced its earnings results on Thursday, June 12th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.19. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $381.21 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that Lululemon Athletica inc. will post $1.89 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus downgraded shares of Lululemon Athletica inc. from a buy rating to a hold rating in a research note on Thursday. On a related note, analysts at William Blair downgraded shares of Lululemon Athletica inc. from an outperform rating to a market perform rating in a research note on Thursday. Finally, analysts at Topeka Capital Markets reiterated a buy rating on shares of Lululemon Athletica inc. in a research note on Monday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $60.13.

lululemon athletica inc. is a designer and retailer of technical athletic apparel operating primarily in North America and Australia.

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