Lululemon Athletica (NASDAQ:LULU) Posts Earnings Results, Beats Expectations By $0.16 EPS

Lululemon Athletica (NASDAQ:LULU) announced its quarterly earnings results on Wednesday. The apparel retailer reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.16, Briefing.com reports. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.20 billion. Lululemon Athletica had a net margin of 16.11% and a return on equity of 44.41%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 earnings per share.

Lululemon Athletica Stock Up 0.5 %

Lululemon Athletica stock opened at $308.27 on Thursday. Lululemon Athletica has a 52-week low of $293.03 and a 52-week high of $516.39. The firm’s fifty day moving average is $343.30 and its 200 day moving average is $424.34. The company has a market cap of $38.85 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.46 and a beta of 1.27.

Insiders Place Their Bets

In related news, Director Martha A. M. Morfitt acquired 700 shares of Lululemon Athletica stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of $389.29 per share, with a total value of $272,503.00. Following the completion of the purchase, the director now directly owns 500 shares of the company’s stock, valued at approximately $194,645. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LULU shares. Barclays downgraded shares of Lululemon Athletica from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $546.00 to $395.00 in a report on Monday, April 29th. Stifel Nicolaus cut their target price on shares of Lululemon Athletica from $539.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th. BMO Capital Markets boosted their target price on shares of Lululemon Athletica from $408.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. TD Securities dropped their price target on Lululemon Athletica from $515.00 to $437.00 and set a “buy” rating on the stock in a research note on Wednesday, May 29th. Finally, UBS Group reduced their price objective on Lululemon Athletica from $475.00 to $385.00 and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $444.03.

About Lululemon Athletica

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.