Lululemon Athletica (NASDAQ:LULU – Get Rating) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $4.22-4.27 for the period, compared to the consensus EPS estimate of $4.30. The company issued revenue guidance of $2.66-2.70 billion, compared to the consensus revenue estimate of $2.67 billion.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. Citigroup upped their price objective on Lululemon Athletica from $350.00 to $400.00 and gave the stock a neutral rating in a research report on Monday, December 5th. The Goldman Sachs Group lifted their target price on shares of Lululemon Athletica from $383.00 to $431.00 and gave the company a buy rating in a report on Friday, December 9th. UBS Group decreased their target price on shares of Lululemon Athletica from $395.00 to $390.00 and set a neutral rating for the company in a research note on Friday, December 9th. Morgan Stanley increased their price target on Lululemon Athletica from $343.00 to $387.00 and gave the stock an overweight rating in a report on Friday, December 9th. Finally, Raymond James lifted their target price on shares of Lululemon Athletica from $345.00 to $438.00 and gave the company a strong-buy rating in a report on Tuesday, December 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lululemon Athletica currently has an average rating of Moderate Buy and a consensus target price of $415.50.
Lululemon Athletica Trading Up 1.0 %
LULU stock opened at $329.26 on Monday. The firm has a market cap of $41.99 billion, a P/E ratio of 36.18, a P/E/G ratio of 1.65 and a beta of 1.35. The stock’s 50 day simple moving average is $339.11 and its 200 day simple moving average is $317.84. Lululemon Athletica has a 12-month low of $251.51 and a 12-month high of $410.70.
Lululemon Athletica (NASDAQ:LULU – Get Rating) last posted its quarterly earnings results on Thursday, December 8th. The apparel retailer reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.04. Lululemon Athletica had a net margin of 15.66% and a return on equity of 41.13%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $1.62 EPS. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. On average, research analysts forecast that Lululemon Athletica will post 9.95 EPS for the current fiscal year.
Institutional Trading of Lululemon Athletica
Hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC boosted its stake in shares of Lululemon Athletica by 2.1% during the 1st quarter. IHT Wealth Management LLC now owns 2,267 shares of the apparel retailer’s stock worth $828,000 after buying an additional 46 shares during the last quarter. Beacon Pointe Advisors LLC lifted its holdings in shares of Lululemon Athletica by 4.1% in the first quarter. Beacon Pointe Advisors LLC now owns 1,222 shares of the apparel retailer’s stock worth $446,000 after acquiring an additional 48 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Lululemon Athletica by 5.1% during the first quarter. Sequoia Financial Advisors LLC now owns 1,060 shares of the apparel retailer’s stock worth $387,000 after purchasing an additional 51 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Lululemon Athletica by 3.5% during the first quarter. International Assets Investment Management LLC now owns 1,615 shares of the apparel retailer’s stock worth $590,000 after purchasing an additional 54 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. grew its position in shares of Lululemon Athletica by 60.2% in the 1st 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 during the last quarter. Institutional investors own 82.04% 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 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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