Lululemon Athletica (NASDAQ:LULU – Get Free Report) posted its earnings results on Thursday. The apparel retailer reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22, RTT News reports. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.41 billion. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $2.68 EPS.
Lululemon Athletica Stock Performance
NASDAQ:LULU traded up $0.46 during mid-day trading on Friday, hitting $259.47. 7,373,333 shares of the company’s stock traded hands, compared to its average volume of 2,135,763. The firm’s 50 day simple moving average is $272.61 and its 200 day simple moving average is $341.27. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $516.39. The company has a market cap of $32.43 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.25 and a beta of 1.26.
Lululemon Athletica declared that its board has authorized a stock buyback plan on Wednesday, June 5th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the apparel retailer to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
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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.
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