Lululemon Athletica (NASDAQ:LULU) Releases Earnings Results, Beats Expectations By $0.29 EPS

Lululemon Athletica (NASDAQ:LULU - Get Free Report) posted 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 for the quarter, compared to analyst estimates of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business's quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $5.29 EPS.

Lululemon Athletica Trading 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 traded hands, compared to its average volume of 2,153,835. The stock has a market capitalization of $34.47 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.22 and a beta of 1.21. The business has a 50-day moving average of $362.82 and a 200 day moving average of $340.38. Lululemon Athletica has a one year low of $226.01 and a one year high of $423.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lululemon Athletica stock. Brighton Jones LLC purchased a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,121 shares of the apparel retailer's stock, valued at approximately $429,000. Hedge funds and other institutional investors own 85.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on LULU shares. Evercore ISI upped their price target on Lululemon Athletica from $440.00 to $495.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Barclays cut their target price on Lululemon Athletica from $411.00 to $309.00 and set an "equal weight" rating for the company in a research note on Friday. Robert W. Baird lifted their price target on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Telsey Advisory Group dropped their price objective on shares of Lululemon Athletica from $445.00 to $385.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Guggenheim raised their price objective on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $380.72.

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.