Lululemon Athletica (LULU) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Lululemon Athletica (NASDAQ:LULU) announced its earnings results on Thursday. The apparel retailer reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06, Fidelity Earnings reports. The firm had revenue of $747.70 million for the quarter, compared to analysts’ expectations of $736.10 million. Lululemon Athletica had a net margin of 12.63% and a return on equity of 29.73%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 EPS.
Lululemon Athletica stock opened at $113.87 on Friday. Lululemon Athletica has a 1-year low of $72.13 and a 1-year high of $164.79. The stock has a market capitalization of $17.40 billion, a P/E ratio of 39.35, a PEG ratio of 1.90 and a beta of 0.37.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Lululemon Athletica by 10.6% in the 3rd quarter. Vanguard Group Inc. now owns 9,411,318 shares of the apparel retailer’s stock worth $1,529,244,000 after purchasing an additional 899,080 shares during the period. BlackRock Inc. raised its position in Lululemon Athletica by 10.8% in the 3rd quarter. BlackRock Inc. now owns 6,680,814 shares of the apparel retailer’s stock worth $1,085,564,000 after purchasing an additional 650,365 shares during the period. JPMorgan Chase & Co. raised its position in Lululemon Athletica by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,873,494 shares of the apparel retailer’s stock worth $466,913,000 after purchasing an additional 328,478 shares during the period. AQR Capital Management LLC raised its position in Lululemon Athletica by 32.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,830,681 shares of the apparel retailer’s stock worth $459,958,000 after purchasing an additional 688,881 shares during the period. Finally, Janus Henderson Group PLC raised its position in Lululemon Athletica by 4.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,022,061 shares of the apparel retailer’s stock worth $328,565,000 after purchasing an additional 81,001 shares during the period. 79.24% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Lululemon Athletica (LULU) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS” was published by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/12/08/lululemon-athletica-lulu-posts-quarterly-earnings-results-beats-expectations-by-0-06-eps.html.
About Lululemon Athletica
lululemon athletica inc., an athletic apparel company, 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.
See Also: What is Net Asset Value (NAV)?
Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.