Lululemon Athletica (NASDAQ:LULU) Releases FY20 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $4.63-4.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.64. The company issued revenue guidance of $3.8-3.84 billion, compared to the consensus revenue estimate of $3.81 billion.Lululemon Athletica also updated its FY 2019 guidance to $4.63-4.70 EPS.

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Lululemon Athletica from $200.00 to $230.00 and gave the stock an overweight rating in a research report on Friday. Guggenheim reiterated a buy rating and set a $220.00 target price on shares of Lululemon Athletica in a research report on Thursday. Wedbush reiterated a neutral rating and set a $190.00 target price (up previously from $175.00) on shares of Lululemon Athletica in a research report on Friday. They noted that the move was a valuation call. Bank of America boosted their target price on Lululemon Athletica from $200.00 to $230.00 and gave the stock a buy rating in a research report on Friday. Finally, DA Davidson reiterated a neutral rating and set a $185.00 target price on shares of Lululemon Athletica in a research report on Friday. Ten analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $201.04.

Shares of Lululemon Athletica stock traded up $13.39 during trading hours on Friday, reaching $201.80. 648,470 shares of the company’s stock were exchanged, compared to its average volume of 1,268,845. Lululemon Athletica has a 52-week low of $110.71 and a 52-week high of $194.25. The firm has a market capitalization of $23.54 billion, a price-to-earnings ratio of 52.62, a price-to-earnings-growth ratio of 2.12 and a beta of 0.65. The company has a fifty day moving average of $183.52 and a 200-day moving average of $171.79. The company has a current ratio of 2.33, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.07. Lululemon Athletica had a return on equity of 38.77% and a net margin of 14.77%. The company had revenue of $883.35 million for the quarter, compared to analyst estimates of $845.03 million. During the same quarter in the prior year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that Lululemon Athletica will post 4.64 earnings per share for the current fiscal year.

In related news, Director David M. Mussafer sold 4,484 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $186.10, for a total value of $834,472.40. Following the transaction, the director now directly owns 18,947 shares of the company’s stock, valued at approximately $3,526,036.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis J. Wilson sold 110,629 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $182.87, for a total value of $20,230,725.23. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at $704,415.24. The disclosure for this sale can be found here. Insiders sold a total of 279,174 shares of company stock worth $51,070,314 over the last ninety days. Corporate insiders own 0.34% 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, 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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Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

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