Lululemon Athletica (NASDAQ:LULU) Updates Q2 2021 Earnings Guidance

Lululemon Athletica (NASDAQ:LULU) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.100-1.150 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.000. The company issued revenue guidance of $1.30 billion-1.33 billion, compared to the consensus revenue estimate of $1.20 billion.Lululemon Athletica also updated its FY 2021 guidance to $6.730-6.860 EPS.

A number of brokerages have commented on LULU. Robert W. Baird lowered their price target on Lululemon Athletica from $425.00 to $395.00 and set an outperform rating for the company in a research report on Wednesday, March 31st. Cowen decreased their price objective on Lululemon Athletica from $409.00 to $389.00 and set an outperform rating for the company in a report on Monday, March 15th. Royal Bank of Canada started coverage on Lululemon Athletica in a report on Friday, April 23rd. They issued an outperform rating and a $380.00 price objective for the company. Wells Fargo & Company boosted their price objective on Lululemon Athletica from $330.00 to $335.00 and gave the company an equal weight rating in a report on Friday, June 4th. Finally, Evercore ISI reissued a buy rating on shares of Lululemon Athletica in a report on Tuesday. Eleven investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $383.61.

Shares of LULU stock traded up $4.93 during trading hours on Friday, reaching $334.73. The company had a trading volume of 35,548 shares, compared to its average volume of 1,334,756. The stock has a fifty day simple moving average of $322.67. The firm has a market cap of $43.64 billion, a P/E ratio of 61.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.34. Lululemon Athletica has a 12-month low of $269.28 and a 12-month high of $399.90.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, June 2nd. The apparel retailer reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.25. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.13 billion. Lululemon Athletica had a return on equity of 31.50% and a net margin of 14.17%. The business’s revenue was up 88.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. On average, sell-side analysts anticipate that Lululemon Athletica will post 6.86 EPS for the current year.

In other Lululemon Athletica news, Director Martha A. M. Morfitt acquired 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 8th. The shares were purchased at an average cost of $330.00 per share, for a total transaction of $1,584,000.00. Following the completion of the acquisition, the director now owns 90,154 shares of the company’s stock, valued at approximately $29,750,820. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Calvin Mcdonald sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, April 22nd. The shares were sold at an average price of $335.00, for a total value of $1,005,000.00. Following the completion of the transaction, the chief executive officer now owns 36,469 shares in the company, valued at $12,217,115. The disclosure for this sale can be found here. Corporate insiders own 0.39% 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 and men. 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.

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Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

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