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

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

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

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.

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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.

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