Lululemon Athletica (LULU) Updates Q4 Earnings Guidance
Lululemon Athletica (NASDAQ:LULU) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.64-1.67 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.65. The company issued revenue guidance of $1.115-1.125 billion, compared to the consensus revenue estimate of $1.12 billion.Lululemon Athletica also updated its FY 2018 guidance to $3.65-3.68 EPS.
A number of brokerages have weighed in on LULU. Wedbush upped their price objective on shares of Lululemon Athletica from $110.00 to $176.00 and gave the stock a neutral rating in a report on Tuesday, October 2nd. B. Riley restated a neutral rating and issued a $155.00 price objective (up previously from $141.00) on shares of Lululemon Athletica in a report on Tuesday, October 2nd. Royal Bank of Canada upped their price objective on shares of Lululemon Athletica from $160.00 to $185.00 and gave the stock an outperform rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Cowen set a $185.00 price objective on shares of Lululemon Athletica and gave the stock an outperform rating in a report on Tuesday, October 2nd. Finally, MKM Partners set a $174.00 price target on shares of Lululemon Athletica and gave the company a buy rating in a report on Tuesday, October 2nd. Thirteen investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $157.67.
LULU opened at $113.87 on Friday. Lululemon Athletica has a 1-year low of $72.13 and a 1-year high of $164.79. The company has a market capitalization of $17.40 billion, a price-to-earnings ratio of 43.97, a price-to-earnings-growth ratio of 1.90 and a beta of 0.37.
About Lululemon Athletica
lululemon athletica inc., an athletic apparel company, 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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