Lululemon Athletica (NASDAQ:LULU) Issues Q4 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) updated its fourth quarter earnings guidance on Monday. The company provided EPS guidance of $5.81-5.85 for the period, compared to the consensus EPS estimate of $5.66. The company issued revenue guidance of $3.56-3.58 billion, compared to the consensus revenue estimate of $3.47 billion.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a report on Monday, December 9th. Raymond James increased their target price on shares of Lululemon Athletica from $320.00 to $355.00 in a report on Thursday, December 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Oppenheimer reduced their price objective on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Finally, KeyCorp lifted their target price on shares of Lululemon Athletica from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Lululemon Athletica has an average rating of “Moderate Buy” and an average price target of $383.23.

Lululemon Athletica Trading Down 2.5 %

Shares of LULU opened at $388.74 on Wednesday. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $491.30. The firm has a market cap of $47.34 billion, a P/E ratio of 28.07, a PEG ratio of 2.78 and a beta of 1.18. The stock’s 50 day moving average is $358.92 and its two-hundred day moving average is $303.06.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, December 5th. The apparel retailer reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.18. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the company earned $2.53 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts forecast that Lululemon Athletica will post 14.17 EPS for the current year.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This represents a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 24,870 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $405.54, for a total transaction of $10,085,779.80. Following the completion of the sale, the insider now owns 12,429 shares of the company’s stock, valued at approximately $5,040,456.66. The trade was a 66.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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.