lululemon athletica (NASDAQ:LULU) updated its fourth quarter earnings guidance on Wednesday. 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.
Shares of lululemon athletica (LULU) traded down $0.86 on Wednesday, reaching $66.36. The company 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 stock has a market cap of $9,100.31, a price-to-earnings ratio of 30.83, a P/E/G ratio of 2.49 and a beta of 0.19.
lululemon athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $610.56 million. During the same quarter last year, the firm posted $0.50 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. sell-side analysts expect that lululemon athletica will post 2.43 EPS for the current fiscal year.
Several equities research analysts recently weighed in on LULU shares. BMO Capital Markets set a $55.00 price objective on lululemon athletica and gave the stock a hold rating in a report on Tuesday, August 8th. Vetr raised lululemon athletica from a hold rating to a buy rating and set a $63.40 price objective for the company in a report on Thursday, August 10th. BidaskClub lowered lululemon athletica from a buy rating to a hold rating in a report on Saturday, August 12th. Zacks Investment Research lowered lululemon athletica from a buy rating to a hold rating in a report on Wednesday, August 16th. Finally, Bank of America raised lululemon athletica from an underperform rating to a buy rating and lifted their target price for the company from $48.00 to $70.00 in a report on Monday, August 21st. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $65.85.
About lululemon athletica
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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