Lululemon Athletica (NASDAQ:LULU) Releases FY20 Earnings Guidance

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Lululemon Athletica (NASDAQ:LULU) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.51-4.58 for the period, compared to the Thomson Reuters consensus estimate of $4.62. The company issued revenue guidance of $3.73-3.77 billion, compared to the consensus revenue estimate of $3.77 billion.Lululemon Athletica also updated its FY 2019 guidance to $4.51-4.58 EPS.

Lululemon Athletica stock traded down $0.74 during midday trading on Wednesday, hitting $170.89. The stock had a trading volume of 3,748,842 shares, compared to its average volume of 2,151,594. The firm has a market cap of $22.53 billion, a P/E ratio of 44.50, a P/E/G ratio of 2.04 and a beta of 0.60. Lululemon Athletica has a 12 month low of $110.71 and a 12 month high of $179.49.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, June 12th. The apparel retailer reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The firm had revenue of $782.30 million during the quarter, compared to analyst estimates of $755.92 million. Lululemon Athletica had a return on equity of 35.49% and a net margin of 14.71%. Lululemon Athletica’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.55 earnings per share. On average, equities analysts anticipate that Lululemon Athletica will post 4.6 EPS for the current year.

Lululemon Athletica announced that its Board of Directors has authorized a stock buyback plan on Wednesday, March 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the apparel retailer to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

LULU has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on Lululemon Athletica from $152.00 to $187.00 and gave the company a buy rating in a report on Thursday, March 28th. BidaskClub lowered Lululemon Athletica from a hold rating to a sell rating in a report on Friday, March 15th. Nomura reissued a neutral rating and issued a $157.00 price objective (up from $140.00) on shares of Lululemon Athletica in a report on Tuesday, February 19th. They noted that the move was a valuation call. Oppenheimer boosted their price objective on Lululemon Athletica from $190.00 to $225.00 and gave the company an outperform rating in a report on Wednesday, May 1st. Finally, Cowen boosted their price objective on Lululemon Athletica from $190.00 to $192.00 and gave the company an outperform rating in a report on Thursday, March 28th. Eleven equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $177.70.

In other news, Director Dennis J. Wilson sold 155,800 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $144.43, for a total transaction of $22,502,194.00. Following the completion of the transaction, the director now directly owns 3,852 shares in the company, valued at $556,344.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michelle Sun Choe sold 6,170 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $170.92, for a total value of $1,054,576.40. Following the transaction, the insider now owns 11,294 shares of the company’s stock, valued at $1,930,370.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 519,344 shares of company stock valued at $79,873,942. 0.32% of the stock is currently owned by insiders.

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About Lululemon Athletica

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. 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; and athletic wear for female youth.

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

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