Lululemon Athletica (LULU) Scheduled to Post Quarterly Earnings on Thursday

Lululemon Athletica (NASDAQ:LULU) will be issuing its quarterly earnings data after the market closes on Thursday, August 30th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Lululemon Athletica has set its Q2 guidance at $0.46-0.48 EPS and its FY19 guidance at $3.10-3.18 EPS.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, May 31st. The apparel retailer reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.09. The company had revenue of $649.70 million during the quarter, compared to analyst estimates of $616.69 million. Lululemon Athletica had a return on equity of 25.46% and a net margin of 10.89%. Lululemon Athletica’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. On average, analysts expect Lululemon Athletica to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

LULU stock opened at $138.16 on Tuesday. The company has a market capitalization of $18.83 billion, a PE ratio of 53.62, a price-to-earnings-growth ratio of 2.73 and a beta of -0.03. Lululemon Athletica has a 12-month low of $56.56 and a 12-month high of $140.42.

In other Lululemon Athletica news, major shareholder International Corp/Ma Advent sold 10,000,000 shares of the stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $121.00, for a total transaction of $1,210,000,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David M. Mussafer sold 17,935 shares of the stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $121.00, for a total value of $2,170,135.00. Following the sale, the director now owns 18,202 shares in the company, valued at approximately $2,202,442. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

LULU has been the subject of several recent analyst reports. Morgan Stanley upped their target price on Lululemon Athletica from $85.00 to $108.00 and gave the company an “equal weight” rating in a report on Monday, June 4th. ValuEngine lowered Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Bank of America upped their target price on Lululemon Athletica from $121.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 6th. Stifel Nicolaus upped their target price on Lululemon Athletica from $111.00 to $113.00 and gave the company a “hold” rating in a report on Friday, June 8th. Finally, Royal Bank of Canada upped their target price on Lululemon Athletica to $130.00 and gave the company an “outperform” rating in a report on Wednesday, June 13th. Seventeen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.83.

Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, 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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Earnings History for Lululemon Athletica (NASDAQ:LULU)

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