Lululemon Earnings: LULU Stock Surges on Q1 EPS, Sales Beat

Data by YCharts

Data by YCharts

Taking a look at some indicators on shares of Lululemon Athletica (LULU), we note that the reading from the 40-day commodity channel index is now Hold. Northern Trust Corp owned 0.59% of Lululemon Athletica worth $127,511,000 as of its most recent SEC filing.

Want to see what other hedge funds are holding LULU? Lululemon Athletica has a 1 year low of $110.71 and a 1 year high of $179.49. Oregon Public Employees Retirement Fund raised its holdings in Lululemon Athletica by 11,283.2% during the fourth quarter.

WARNING: "Sawtooth Solutions LLC Acquires New Position in Lululemon Athletica inc".

EPS gives investors a standardized way to determine a company's profit and evaluate how expensive the stock is.

The number of stocks outstanding is equal to the number of issued shares minus the number of shares held in the company's treasury. Stifel Nicolaus upped their target price on Lululemon Athletica from $152.00 to $187.00 and gave the company a buy rating in a report on Thursday, March 28th. Credit Suisse Group raised their price objective on Lululemon Athletica from $190.00 to $195.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. This average rating is provided by Zacks Research. Wells Fargo maintained it with "Outperform" rating and $175 target in Wednesday, January 2 report. Eleven investment 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. Lululemon Athletica now has a consensus rating of Buy and a consensus target price of $177.70. Since the beginning of the year, shares have seen a change of 40.52298331. Over the last full year, shares have moved 36.75576184.

Location-based Stranger Things mobile game announced at E3 2019
The developers will be integrating Google Maps into the game so that the game becomes a periscope into the Upside Down . We're closer than we've ever been before to the arrival of season three of Stranger Things .

For the second quarter, the company said that it is targeting revenue of $825 million to $835 million and diluted earnings per share of $0.86 to $0.88. 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 Lululemon Athletica Inc. having its distance from 20-days simple moving average is -0.05%, and its distance from 50-days simple moving average is -0.59%, while it has a distance of 14.33% from the 200-days simple moving average. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 2.03 and a beta of 0.60.

Diluted earnings per share came in at $0.74 compared to $0.55, also surpassing the Street's forecast for $0.70 per share. For the full fiscal year, the company expects net revenue to be in the range of 3.730 billion dollars to 3.770 billion dollars based on a total comparable sales increase in the low double digits on a constant dollar basis. This buyback authorization authorizes the apparel retailer to repurchase up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

In other news, COO Stuart Haselden sold 49,319 shares of the business's stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $144.43, for a total value of $22,502,194.00. Following this completion of acquisition, the Chief Operating Officer now holds 49,319 shares of the company's stock, valued at 8,118,718. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 155,800 shares of the company's stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $170.92, for a total value of $1,054,576.40. The disclosure for this sale can be found here. Parkside Bancorporation owns 609 shares or 0.03% of their United States portfolio. If you are accessing this piece on another website, it was copied illegally and republished in violation of worldwide trademark and copyright legislation. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & worldwide trademark and copyright legislation. (NASDAQ:LULU) news were published by: Nasdaq.com which released: "What's Next for Foot Locker & Why Lululemon Looks Like a Buy Before Earnings - Nasdaq" on May 28, 2019, also Nasdaq.com with their article: "Ciena (CIEN) to Report Q2 Earnings: What Lies in Store?" The Company ended the quarter with 455 stores.

Recommended News

  • Kate Middleton and Prince William Went on a Secret Date in England

    Kate Middleton and Prince William Went on a Secret Date in England

    Biographer Andrew Morton, in his 2011 book "William and Catherine", delves into the Duke and Duchess of Cambridge's romance. Kate Middleton and Prince William's secret romantic date in the country was absolutely adorable.
    The top earning athletes of 2019: guess where Virat Kohli ranks?

    The top earning athletes of 2019: guess where Virat Kohli ranks?

    However, despite an increase of Dollars 1m in endorsements, he has fallen from the 83rd rank that he held on the 2018 list. I was a little surprised how low the NY athletes were on the list and more shocked when I saw the man they listed highest.
    Nadal celebrates with ball kids in Paris

    Nadal celebrates with ball kids in Paris

    After Madrid and Barcelona, I was thinking about what I needed to do. "There has to be a reason why he's that successful". Djokovic demanded to know if there was an "extreme wind" rule before his match with Thiem was suspended for the night.
  • Trumped! India may impose retaliatory tariffs on 29 U.S.  products

    Trumped! India may impose retaliatory tariffs on 29 U.S. products

    Retaliatory tariffs on USA goods were deferred till June 16 as India was in the midst of General Elections. India's Ministry of Commerce and Industry did not respond to an email from Reuters to seek comments.
    The over-75s TV licence fee debate so far

    The over-75s TV licence fee debate so far

    Plans announced by the corporation this week mean, from June 2020, only low-income households will not have to pay. It is estimated that 1.3 million over-75s are eligible for Pension Credit but do not claim the benefit.
    Ariana Grande Tears Up Paying Tribute to Late Ex Mac Miller Onstage

    Ariana Grande Tears Up Paying Tribute to Late Ex Mac Miller Onstage

    Grande's latest tour stop was in Miller's hometown of Pittsburgh, and performing there appeared to be especially hard for her. The singer breathed his last just a few months after he and Ariana ended their two - year long relationship.
  • Wizards to make offer for Ujiri

    Wizards to make offer for Ujiri

    Wojnarowski reported the deal could approach $10 million annually and "deliver him the opportunity for ownership equity". Ujiri's vision and decision-making paved the way for the franchise's first championship.
    Andy Murray hopes to make singles return later this year

    Andy Murray hopes to make singles return later this year

    One male player and one female player aged between 16 and 20 will receive a total of £60,000 in funding over a two-year cycle. I was moving them rather than them moving me about.
    Pelosi: Trump's comments on foreign election interference 'appalling'

    Pelosi: Trump's comments on foreign election interference 'appalling'

    The Hill noted Pelosi was also in France to commemorate the D-Day anniversary. House Speaker Nancy Pelosi slammed President Donald Trump .
  • Boris Johnson surges ahead in Conservative leadership election

    The former foreign secretary topped the secret ballot with backing from 114 MPs - ahead of Jeremy Hunt in second with 43. A third ballot will take place on June 19, with provision for a fourth and fifth ballot on June 20 if necessary.
    PM Modi meets Russian President Vladimir Putin in Bishkek

    PM Modi meets Russian President Vladimir Putin in Bishkek

    India apparently had put in a request with Pakistan to let Prime Minister Modi's aircraft fly over its airspace. The Prime Minister was accorded warm welcome on his arrival at Manas International airport in Kyrgyz capital.
    Brooks Koepka’s Hat Is Going Viral At The US Open Today

    Brooks Koepka’s Hat Is Going Viral At The US Open Today

    Woods finished with 11 straight pars for a 1-under 70 on Thursday, leaving him five shots behind leader Justin Rose . Piercy started fast with an eagle at the par-5 sixth to move to 5 under before double bogeying the eighth hole.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.