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.

LULU has been the topic of several recent research reports. Royal Bank of Canada upped their target price on shares of Lululemon Athletica from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. ValuEngine cut shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 21st. Morgan Stanley upped their target price on shares of Lululemon Athletica from $108.00 to $133.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 4th. CIBC upped their target price on shares of Lululemon Athletica from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, September 27th. Finally, Wells Fargo & Co set a $144.00 target price on shares of Lululemon Athletica and gave the company a “hold” rating in a research report on Friday, August 31st. They noted that the move was a valuation call. Thirteen analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Lululemon Athletica presently has an average rating of “Buy” and a consensus target price of $157.67.

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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.

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Earnings History for Lululemon Athletica (NASDAQ:LULU)

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