Lululemon Athletica (NASDAQ:LULU) Issues Quarterly Earnings Results

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

Lululemon Athletica Trading Down 14.2 %

Shares of LULU stock opened at $293.06 on Friday. The stock has a market capitalization of $35.69 billion, a P/E ratio of 21.16, a P/E/G ratio of 2.22 and a beta of 1.21. The firm’s 50 day moving average is $364.63 and its 200 day moving average is $338.98. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $423.32.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Guggenheim lifted their price objective on Lululemon Athletica from $350.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Stifel Nicolaus reduced their price target on Lululemon Athletica from $438.00 to $424.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company decreased their price objective on Lululemon Athletica from $375.00 to $315.00 and set an “equal weight” rating for the company in a report on Friday. Oppenheimer boosted their target price on shares of Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, BTIG Research lowered their price target on shares of Lululemon Athletica from $470.00 to $420.00 and set a “buy” rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $380.72.

Hedge Funds Weigh In On Lululemon Athletica

A hedge fund recently bought a new stake in Lululemon Athletica stock. Brighton Jones LLC acquired a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,121 shares of the apparel retailer’s stock, valued at approximately $429,000. Institutional investors and hedge funds own 85.20% of the company’s stock.

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.