Lululemon Athletica (NASDAQ:LULU) updated its third quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $0.90-0.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.90. The company issued revenue guidance of $880-890 million, compared to the consensus revenue estimate of $864.42 million.Lululemon Athletica also updated its FY 2019 guidance to $4.63-4.70 EPS.
Shares of LULU stock traded up $7.71 during trading hours on Thursday, hitting $188.41. The stock had a trading volume of 4,264,908 shares, compared to its average volume of 2,062,726. Lululemon Athletica has a one year low of $110.71 and a one year high of $194.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.33 and a quick ratio of 1.45. The stock’s 50-day moving average price is $183.52 and its two-hundred day moving average price is $171.79. The stock has a market capitalization of $23.39 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 2.10 and a beta of 0.65.
Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.07. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. The firm had revenue of $883.35 million for the quarter, compared to analysts’ expectations of $845.03 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts predict that Lululemon Athletica will post 4.64 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on LULU shares. UBS Group lifted their target price on Lululemon Athletica from $182.00 to $186.00 and gave the stock a neutral rating in a report on Monday, June 17th. Argus lifted their target price on Lululemon Athletica to $200.00 and gave the stock a buy rating in a report on Thursday, July 11th. Wedbush set a $175.00 target price on Lululemon Athletica and gave the stock a hold rating in a report on Tuesday, June 11th. Cowen set a $200.00 target price on Lululemon Athletica and gave the stock a buy rating in a report on Thursday, June 13th. Finally, DA Davidson reduced their target price on Lululemon Athletica to $175.00 and set an average rating on the stock in a report on Tuesday, July 9th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $195.11.
In related news, Director David M. Mussafer sold 4,484 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total value of $834,472.40. Following the completion of the sale, the director now owns 18,947 shares in the company, valued at $3,526,036.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis J. Wilson sold 110,629 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $182.87, for a total value of $20,230,725.23. Following the completion of the sale, the director now owns 3,852 shares of the company’s stock, valued at approximately $704,415.24. The disclosure for this sale can be found here. Insiders have sold 279,174 shares of company stock valued at $51,070,314 in the last 90 days. Company insiders own 0.34% of the company’s stock.
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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