Lululemon Athletica (NASDAQ:LULU) issued its earnings results on Thursday. The apparel retailer reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.06, RTT News reports. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. The company had revenue of $747.70 million during the quarter, compared to the consensus estimate of $736.10 million. During the same period in the previous year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year.
LULU traded down $2.18 during trading on Thursday, hitting $131.44. The stock had a trading volume of 5,570,979 shares, compared to its average volume of 2,012,760. The company has a market capitalization of $17.69 billion, a PE ratio of 50.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.37. Lululemon Athletica has a one year low of $71.29 and a one year high of $164.79.
Several research analysts have recently commented on the company. Wolfe Research lifted their target price on Lululemon Athletica from $174.00 to $176.00 and gave the stock an “outperform” rating in a research note on Monday. MKM Partners lifted their target price on Lululemon Athletica from $174.00 to $177.00 and gave the stock a “buy” rating in a research note on Monday. ValuEngine downgraded Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 21st. BidaskClub downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Canaccord Genuity upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $160.00 in a research note on Wednesday, October 24th. Fourteen research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $156.73.
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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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