lululemon athletica (NASDAQ:LULU) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.19-1.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.17. The company issued revenue guidance of $870-885 million, compared to the consensus revenue estimate of $869.64 million.

lululemon athletica (NASDAQ LULU) traded down $0.86 during trading 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 52 week low of $47.26 and a 52 week high of $72.70. The firm has a market cap of $9,100.31, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.49 and a beta of 0.19.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. 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 during the quarter, compared to analysts’ expectations of $610.56 million. During the same period last year, the firm earned $0.50 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. research analysts predict that lululemon athletica will post 2.43 EPS for the current fiscal year.

A number of brokerages have recently issued reports on LULU. B. Riley reissued a neutral rating on shares of lululemon athletica in a research note on Wednesday, November 1st. BMO Capital Markets set a $55.00 target price on lululemon athletica and gave the stock a hold rating in a research note on Tuesday, August 8th. Vetr raised lululemon athletica from a hold rating to a buy rating and set a $63.40 target price for the company in a research note on Thursday, August 10th. Needham & Company LLC reissued a buy rating and set a $71.00 target price (up from $69.00) on shares of lululemon athletica in a research note on Friday, December 1st. Finally, BidaskClub downgraded lululemon athletica from a buy rating to a hold rating in a research note on Saturday, August 12th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $65.85.

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lululemon athletica Company Profile

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.

Earnings History and Estimates for lululemon athletica (NASDAQ:LULU)

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