Lululemon Athletica (NASDAQ:LULU) issued an update on its fourth quarter 2019
Pre-Market earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 2.22-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.15. The company issued revenue guidance of $1.37-1.38 billion, compared to the consensus revenue estimate of $1.35 billion.Lululemon Athletica also updated its Q4 guidance to $2.22-2.25 EPS.
Lululemon Athletica stock opened at $243.77 on Wednesday. The firm has a market capitalization of $30.60 billion, a P/E ratio of 63.48, a P/E/G ratio of 2.74 and a beta of 0.68. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.34. Lululemon Athletica has a twelve month low of $138.51 and a twelve month high of $247.51. The stock’s fifty day simple moving average is $229.93 and its 200-day simple moving average is $202.34.
Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Wednesday, December 11th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.03. Lululemon Athletica had a return on equity of 39.71% and a net margin of 15.10%. The firm had revenue of $916.00 million during the quarter, compared to analyst estimates of $897.58 million. During the same period last year, the business posted $0.75 earnings per share. Lululemon Athletica’s revenue was up 22.5% compared to the same quarter last year. Sell-side analysts predict that Lululemon Athletica will post 4.87 earnings per share for the current year.
A number of equities research analysts have issued reports on LULU shares. Barclays assumed coverage on Lululemon Athletica in a research report on Monday, November 25th. They issued an overweight rating and a $257.00 price target on the stock. Wedbush boosted their price objective on Lululemon Athletica from $235.00 to $245.00 and gave the stock a neutral rating in a research report on Monday. MKM Partners upped their target price on shares of Lululemon Athletica from $255.00 to $258.00 and gave the stock a buy rating in a research note on Thursday, December 12th. William Blair restated a buy rating on shares of Lululemon Athletica in a research note on Thursday, December 5th. Finally, Credit Suisse Group raised their target price on shares of Lululemon Athletica from $235.00 to $250.00 in a report on Thursday, December 12th. Fourteen investment 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 company. The company has a consensus rating of Buy and a consensus price target of $234.37.
In other Lululemon Athletica news, COO Stuart Haselden sold 27,451 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $232.78, for a total value of $6,390,043.78. Following the completion of the transaction, the chief operating officer now owns 15,247 shares in the company, valued at $3,549,196.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David M. Mussafer sold 4,673 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $217.00, for a total value of $1,014,041.00. Following the transaction, the director now directly owns 18,947 shares in the company, valued at approximately $4,111,499. The disclosure for this sale can be found here. 0.34% of the stock is owned by company insiders.
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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