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

Lululemon Athletica (NASDAQ:LULU) announced its quarterly earnings data on Thursday. The apparel retailer reported $6.14 EPS for the quarter, beating analysts’ consensus estimates of $5.85 by $0.29, Briefing.com reports. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.59 billion. Lululemon Athletica had a net margin of 17.05% and a return on equity of 42.16%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $5.29 earnings per share.

Lululemon Athletica Stock Up 1.1 %

LULU stock opened at $341.53 on Friday. The business has a fifty day moving average of $366.25 and a 200-day moving average of $338.67. The company has a market cap of $41.59 billion, a P/E ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $423.32.

Analyst Ratings Changes

Several brokerages recently issued reports on LULU. Barclays lifted their price objective on Lululemon Athletica from $378.00 to $411.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. BMO Capital Markets lifted their price objective on Lululemon Athletica from $265.00 to $302.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Telsey Advisory Group restated an “outperform” rating and set a $445.00 target price on shares of Lululemon Athletica in a research note on Thursday, March 20th. Sanford C. Bernstein raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $360.00 to $460.00 in a research report on Tuesday, January 7th. Finally, Guggenheim boosted their target price on shares of Lululemon Athletica from $350.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $395.55.

Institutional Trading of Lululemon Athletica

A hedge fund recently bought a new stake in Lululemon Athletica stock. Brighton Jones LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,121 shares of the apparel retailer’s stock, valued at approximately $429,000. Institutional investors and hedge funds own 85.20% 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.