Lululemon Athletica (NASDAQ:LULU) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

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Lululemon Athletica (NASDAQ:LULU) issued its earnings results on Thursday. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.07, RTT News reports. The business had revenue of $883.35 million during the quarter, compared to analyst estimates of $845.03 million. Lululemon Athletica had a return on equity of 40.25% and a net margin of 14.93%. Lululemon Athletica’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share.

Shares of Lululemon Athletica stock opened at $203.14 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. The company has a market cap of $24.54 billion, a PE ratio of 43.82, a P/E/G ratio of 2.21 and a beta of 0.65. The business has a 50 day moving average of $183.75 and a 200 day moving average of $172.04. Lululemon Athletica has a 52 week low of $110.71 and a 52 week high of $204.44.

In related news, Director Dennis J. Wilson sold 164,061 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $182.89, for a total transaction of $30,005,116.29. Following the completion of the transaction, the director now owns 3,852 shares in the company, valued at $704,492.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dennis J. Wilson sold 110,629 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $182.87, for a total value of $20,230,725.23. Following the transaction, the director now owns 3,852 shares of the company’s stock, valued at approximately $704,415.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,174 shares of company stock valued at $51,070,314. 0.34% of the stock is owned by corporate insiders.

Several analysts have issued reports on the company. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 target price on shares of Lululemon Athletica in a research note on Friday. Wedbush increased their price objective on Lululemon Athletica from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday. They noted that the move was a valuation call. Royal Bank of Canada reissued an “equal weight” rating on shares of Lululemon Athletica in a research note on Friday, June 14th. JPMorgan Chase & Co. increased their price objective on Lululemon Athletica from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Canaccord Genuity increased their price objective on Lululemon Athletica from $191.00 to $194.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Lululemon Athletica currently has an average rating of “Buy” and a consensus price target of $202.37.

Lululemon Athletica Company Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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Earnings History for Lululemon Athletica (NASDAQ:LULU)

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