lululemon athletica (LULU) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS
lululemon athletica (NASDAQ:LULU) released its quarterly earnings data on Wednesday. The apparel retailer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.04, Briefing.com reports. lululemon athletica had a return on equity of 22.51% and a net margin of 11.68%. The company had revenue of $619.00 million for the quarter, compared to analyst estimates of $610.56 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. lululemon athletica updated its Q4 guidance to $1.19-1.22 EPS.
lululemon athletica (NASDAQ:LULU) traded down $0.86 during trading hours on Wednesday, reaching $66.36. The company’s stock had a trading volume of 1,859,400 shares, compared to its average volume of 2,600,474. lululemon athletica has a 12-month low of $47.26 and a 12-month high of $72.70. The firm has a market cap of $9,100.31, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 2.49 and a beta of 0.19.
Several equities research analysts have recently weighed in on the company. Bank of America upped their price objective on lululemon athletica from $70.00 to $75.00 and gave the company a “strong sell” rating in a research note on Monday, November 27th. Needham & Company LLC reissued a “buy” rating and issued a $71.00 target price (up from $69.00) on shares of lululemon athletica in a report on Friday, December 1st. Canaccord Genuity set a $43.00 target price on lululemon athletica and gave the stock a “sell” rating in a report on Tuesday. Zacks Investment Research downgraded lululemon athletica from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Finally, Oppenheimer reissued an “outperform” rating and issued a $68.00 target price on shares of lululemon athletica in a report on Tuesday, October 10th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. lululemon athletica currently has an average rating of “Hold” and a consensus target price of $65.85.
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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