Lululemon Athletica (NASDAQ:LULU) Announces Quarterly Earnings Results

Lululemon Athletica (NASDAQ:LULU - Get Free Report) announced its quarterly earnings results on Thursday. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.29, Briefing.com reports. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The company's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $5.29 earnings per share.

Lululemon Athletica Stock Down 3.4 %

Shares of LULU traded down $10.00 during mid-day trading on Monday, hitting $283.06. 4,411,495 shares of the company's stock were exchanged, compared to its average volume of 2,153,835. Lululemon Athletica has a 52 week low of $226.01 and a 52 week high of $423.32. The stock's 50-day simple moving average is $362.82 and its 200-day simple moving average is $340.38. The firm has a market cap of $34.47 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America dropped their target price on shares of Lululemon Athletica from $480.00 to $400.00 and set a "buy" rating on the stock in a report on Friday. William Blair restated an "outperform" rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Stifel Nicolaus decreased their price target on shares of Lululemon Athletica from $438.00 to $424.00 and set a "buy" rating for the company in a research note on Friday. Barclays lowered their price objective on shares of Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Evercore ISI increased their target price on shares of Lululemon Athletica from $440.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $380.72.

Remove Ads

Institutional Investors Weigh In On Lululemon Athletica

An institutional investor recently bought a new position in Lululemon Athletica stock. Brighton Jones LLC bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,121 shares of the apparel retailer's stock, valued at approximately $429,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

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.