5. GENDER EQUALITY

Lululemon Athletica (NASDAQ:LULU) Issues FY 2022 Earnings Guidance – Defense World

Written by Amanda

Lululemon Athletica (NASDAQ:LULUGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $9.35-$9.50 for the period, compared to the consensus EPS estimate of $9.28. The company issued revenue guidance of $7.61 billion-$7.71 billion, compared to the consensus revenue estimate of $7.54 billion. Lululemon Athletica also updated its Q2 2022 guidance to $1.82-$1.87 EPS.

Shares of LULU stock opened at $285.72 on Thursday. Lululemon Athletica has a 12-month low of $251.51 and a 12-month high of $485.83. The firm has a market capitalization of $36.47 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. The business has a 50 day simple moving average of $324.90 and a 200 day simple moving average of $341.24.

Lululemon Athletica (NASDAQ:LULUGet Rating) last issued its quarterly earnings data on Thursday, June 2nd. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.05. Lululemon Athletica had a return on equity of 39.23% and a net margin of 15.36%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $1.16 EPS. The business’s revenue for the quarter was up 31.6% compared to the same quarter last year. On average, sell-side analysts forecast that Lululemon Athletica will post 9.46 EPS for the current fiscal year.

Lululemon Athletica declared that its Board of Directors has initiated a share repurchase plan on Tuesday, March 29th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the apparel retailer to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

A number of equities analysts have issued reports on LULU shares. Truist Financial raised Lululemon Athletica from a hold rating to a buy rating and increased their price target for the company from $390.00 to $495.00 in a research note on Tuesday, April 19th. Barclays decreased their price target on Lululemon Athletica from $450.00 to $435.00 and set an overweight rating for the company in a research note on Monday, June 6th. Wells Fargo & Company decreased their price target on Lululemon Athletica from $370.00 to $345.00 and set an equal weight rating for the company in a research note on Friday, June 3rd. Citigroup decreased their price target on Lululemon Athletica from $400.00 to $345.00 and set a neutral rating for the company in a research note on Friday, June 3rd. Finally, Cowen reduced their price objective on Lululemon Athletica from $507.00 to $497.00 in a research note on Thursday, April 21st. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $423.42.

A number of hedge funds and other institutional investors have recently bought and sold shares of LULU. First Community Trust NA bought a new position in Lululemon Athletica during the fourth quarter valued at about $29,000. Tobam bought a new position in Lululemon Athletica during the fourth quarter valued at about $40,000. Global Wealth Management Investment Advisory Inc. raised its holdings in Lululemon Athletica by 60.2% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 197 shares of the apparel retailer’s stock valued at $72,000 after buying an additional 74 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in Lululemon Athletica during the fourth quarter valued at about $119,000. Finally, Brown Brothers Harriman & Co. raised its holdings in Lululemon Athletica by 161.5% during the first quarter. Brown Brothers Harriman & Co. now owns 442 shares of the apparel retailer’s stock valued at $161,000 after buying an additional 273 shares in the last quarter. Institutional investors own 85.48% of the company’s stock.

Lululemon Athletica Company Profile (Get Rating)

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in 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.

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Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai