Lululemon tops Q3 earnings expectations

07 December, 2017, 07:17 | Author: Regina Silva
  • Glassdoor

This means that, we can presume Lululemon Athletica will grow its earnings by 11.21% every year for the next few years. (NASDAQ:CSCO) for 303,390 shares. (NYSE:HON). Ashfield Capital Ptnrs Ltd Liability Company reported 59,186 shares. The company has a market capitalization of $9,100.31, a PE ratio of 30.83, a P/E/G ratio of 2.49 and a beta of 0.19. Over the 52-week time span, the stock notched a high price of $72.7 and its minimum price was $47.26. Lululemon Athletica inc. also was the target of some unusual options trading on Tuesday. RBC Capital's PT suggests a possible downside of -0.98 % from the last stock close price of the company. This represents an increase of 282% compared to the average volume of 3,947 put options. "Announces Third Quarter Fiscal 2017 Earnings ..." on November 22, 2017, also Fool.com with their article: "What to Watch When Lululemon Athletica Reports Earnings" published on December 03, 2017, Nasdaq.com published: "lululemon athletica Reaches Analyst Target Price" on November 13, 2017. GAAP net income was down from year-ago levels due to expenses connected with internal restructuring, but adjusted earnings of $0.56 per share topped the consensus forecast among those following the stock by $0.04. The company had revenue of $619.00 million during the quarter, compared to analysts' expectations of $610.56 million. Usa Financial Portformulas Corp stated it has 0.21% of its portfolio in Lululemon Athletica Inc.

The biggest institutional shareholders in lululemon athletica inc. include Advent International Corp which owns 20 million shares in the company valued at $1.20 B million.

Analyst on average were expecting revenue of $866 million and a profit of $1.17 per share, according to Thomson Reuters I/B/E/S. Last year, Broadcom reported Q4 net loss of $632 million or $1.59 per share on revenue of $4.14 billion.

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"While other players in the sports and athleisure market struggle, Lululemon continues to go from strength to strength", Kevin Wathey, a consultant at research firm GlobalData Retail, said.

The company's net income fell 13.8 percent to $58.9 million, or 43 cents per share, in the quarter ended October 29, mainly due to an asset impairment charge of $21 million. Finally, Macquarie set a $40.00 price objective on Lululemon Athletica inc. and gave the stock a sell rating in a report on Tuesday, April 4th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of "Hold" and an average target price of $65.85.

An institutional investor recently raised its position in Lululemon Athletica inc. stock. (NASDAQ:LULU). Tyvor Capital Limited Com reported 45,419 shares or 0.53% of all its holdings. The institutional investor owned 284,524 shares of the apparel retailer's stock after buying an additional 6,448 shares during the period. Shell Asset Company holds 0.01% of its portfolio in Lululemon Athletica Inc. Institutional investors and hedge funds own 79.45% of the company's stock.

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