Lululemon (NASDAQ:LULU) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.39-0.41 for the period, compared to the Thomson Reuters consensus estimate of $0.44, ARN reports. The company issued revenue guidance of $370-375 million, compared to the consensus revenue estimate of $390.00 million.Lululemon also updated its FY14 guidance to $1.94-1.97 EPS.
A number of research firms have recently commented on LULU. Analysts at Deutsche Bank initiated coverage on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Wednesday. They set a hold rating and a $65.00 price target on the stock. On a related note, analysts at Citigroup Inc. initiated coverage on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Monday. They set a buy rating and a $69.49 price target on the stock. Finally, analysts at Janney Montgomery Scott cut their price target on shares of Lululemon (NASDAQ:LULU) from $87.00 to $79.00 in a research note to investors on Monday. They now have a buy rating on the stock.
Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Lululemon presently has a consensus rating of Hold and a consensus price target of $75.17.
Lululemon (NASDAQ:LULU) opened at 69.02 on Thursday. Lululemon has a 52 week low of $59.60 and a 52 week high of $82.50. The stock has a 50-day moving average of $70.84 and a 200-day moving average of $70.27. The company has a market cap of $9.977 billion and a P/E ratio of 37.31. Lululemon also was the target of unusually large options trading on Monday. Stock traders purchased 16,016 call options on the stock. This is an increase of approximately 139% compared to the typical volume of 6,691 call options.
Lululemon (NASDAQ:LULU) last released its earnings data on Thursday, September 12th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.04. The company had revenue of $344.50 million for the quarter, compared to the consensus estimate of $342.70 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts predict that Lululemon will post $1.99 earnings per share for the current fiscal year.
Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.
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