Lululemon Athletica (NASDAQ:LULU) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.86-0.88 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.88. The company issued revenue guidance of $825-835 million, compared to the consensus revenue estimate of $834.76 million.Lululemon Athletica also updated its FY 2019 guidance to $4.51-4.58 EPS.
Shares of Lululemon Athletica stock opened at $170.89 on Thursday. Lululemon Athletica has a 12 month low of $110.71 and a 12 month high of $179.49. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 2.03 and a beta of 0.60.
Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, June 12th. The apparel retailer reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. Lululemon Athletica had a return on equity of 35.49% and a net margin of 14.71%. The business had revenue of $782.30 million during the quarter, compared to analysts’ expectations of $755.92 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. Equities research analysts expect that Lululemon Athletica will post 4.6 EPS for the current fiscal year.
Lululemon Athletica announced that its board has approved a stock repurchase plan on Wednesday, March 27th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the apparel retailer to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
Several research firms recently commented on LULU. Zacks Investment Research raised Lululemon Athletica from a hold rating to a strong-buy rating and set a $193.00 price target for the company in a report on Monday, April 1st. Guggenheim reaffirmed a buy rating and issued a $200.00 price target on shares of Lululemon Athletica in a report on Thursday. DA Davidson increased their price target on Lululemon Athletica from $146.00 to $155.00 and gave the company a neutral rating in a report on Thursday, March 28th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a $200.00 price target (up previously from $197.00) on shares of Lululemon Athletica in a report on Thursday. Finally, Morgan Stanley increased their price target on Lululemon Athletica from $150.00 to $160.00 and gave the company an equal weight rating in a report on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Lululemon Athletica currently has an average rating of Buy and a consensus target price of $180.27.
In related news, Director Dennis J. Wilson sold 155,800 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $144.43, for a total value of $22,502,194.00. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at $556,344.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stuart Haselden sold 49,319 shares of the firm’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $164.62, for a total value of $8,118,893.78. Following the transaction, the chief operating officer now owns 24,685 shares of the company’s stock, valued at $4,063,644.70. The disclosure for this sale can be found here. Insiders sold 519,344 shares of company stock valued at $79,873,942 over the last quarter. 0.32% of the stock is currently 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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