Lululemon Athletica (NASDAQ:LULU) Posts Quarterly Earnings Results

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

Lululemon Athletica Stock Performance

Lululemon Athletica stock opened at $341.53 on Friday. The firm has a market cap of $41.59 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $423.32. The firm’s 50 day moving average price is $366.25 and its two-hundred day moving average price is $338.67.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $438.00 price target (up previously from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. William Blair reissued an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. Barclays upped their price target on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Lululemon Athletica currently has an average rating of “Moderate Buy” and an average price target of $395.55.

Hedge Funds Weigh In On Lululemon Athletica

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

Lululemon Athletica Company Profile

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.