Lululemon Athletica (NASDAQ:LULU) Announces Quarterly Earnings Results, Beats Estimates By $0.29 EPS

Lululemon Athletica (NASDAQ:LULU) released its quarterly earnings results on Thursday. The apparel retailer reported $6.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.85 by $0.29, Briefing.com reports. Lululemon Athletica had a return on equity of 42.16% and a net margin of 17.05%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the company posted $5.29 earnings per share. Lululemon Athletica’s revenue for the quarter was up 12.3% on a year-over-year basis.

Lululemon Athletica Trading Up 1.1 %

Shares of LULU traded up $3.74 during mid-day trading on Thursday, hitting $341.53. The company’s stock had a trading volume of 4,300,229 shares, compared to its average volume of 2,074,020. The firm has a market capitalization of $41.59 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.22 and a beta of 1.21. The company’s 50-day moving average is $366.84 and its 200-day moving average is $338.65. Lululemon Athletica has a 52-week low of $226.01 and a 52-week high of $423.32.

Hedge Funds Weigh In On Lululemon Athletica

An institutional investor recently bought a new position in Lululemon Athletica stock. Brighton Jones LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,121 shares of the apparel retailer’s stock, valued at approximately $429,000. 85.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

LULU has been the subject of several analyst reports. Piper Sandler increased their target price on shares of Lululemon Athletica from $260.00 to $340.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. UBS Group increased their target price on Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Truist Financial lifted their price target on shares of Lululemon Athletica from $420.00 to $460.00 and gave the company a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lululemon Athletica from $292.00 to $396.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lululemon Athletica presently has a consensus rating of “Moderate Buy” and a consensus target price of $395.55.

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.