Lululemon Athletica (NASDAQ:LULU – Get Free Report) issued its quarterly earnings results on Thursday. The apparel retailer reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.23, RTT News reports. Lululemon Athletica had a return on equity of 42.64% and a net margin of 16.09%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company posted $2.68 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis.
Lululemon Athletica Trading Up 0.2 %
Shares of Lululemon Athletica stock opened at $259.47 on Friday. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.25 and a beta of 1.26. The firm’s 50-day moving average price is $272.61 and its two-hundred day moving average price is $341.27. Lululemon Athletica has a 1-year low of $226.01 and a 1-year high of $516.39.
Lululemon Athletica declared that its board has approved a share buyback plan on Wednesday, June 5th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the apparel retailer to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Analyst Ratings Changes
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Lululemon Athletica Company Profile
Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.
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