Lululemon Athletica (NASDAQ:LULU) Issues Earnings Results

Lululemon Athletica (NASDAQ:LULU) issued its quarterly earnings data on Thursday. The apparel retailer reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.18, Zacks reports. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Lululemon Athletica had a net margin of 16.34% and a return on equity of 42.59%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.53 EPS. Lululemon Athletica updated its Q4 guidance to $5.56-$5.64 EPS.

Lululemon Athletica Stock Performance

LULU traded up $2.54 during trading on Thursday, reaching $344.81. 4,024,381 shares of the company traded hands, compared to its average volume of 2,077,861. Lululemon Athletica has a 12-month low of $226.01 and a 12-month high of $516.39. The firm has a fifty day simple moving average of $301.88 and a 200 day simple moving average of $287.41. The company has a market cap of $42.34 billion, a P/E ratio of 26.44, a PEG ratio of 2.49 and a beta of 1.23.

Analyst Ratings Changes

Several brokerages recently commented on LULU. UBS Group cut their price objective on shares of Lululemon Athletica from $385.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 20th. Oppenheimer cut their price objective on shares of Lululemon Athletica from $445.00 to $380.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Barclays cut their price objective on shares of Lululemon Athletica from $263.00 to $261.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. TD Cowen upped their target price on shares of Lululemon Athletica from $382.00 to $383.00 in a research note on Thursday. Finally, Truist Financial upped their target price on shares of Lululemon Athletica from $310.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $359.56.

Insider Buying and Selling at Lululemon Athletica

In related news, insider Nicole Neuburger sold 486 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $269.59, for a total value of $131,020.74. Following the completion of the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $1,670,918.82. This trade represents a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.48% of the company’s stock.

About Lululemon Athletica

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.