Looking ahead, for the second quarter, the company expects earnings per share are to be in the range of $0.36 to $0.38 and net revenue to be in the range of $505 million to $515 million based on total comparable sales in the mid-single digits on a constant dollar basis.
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In terms of earnings per share, 34 analysts have a 0.39 EPS mean target for the quarter ending Jul-16, for the quarter ending Oct-16, 34 analysts have a 0.44 EPS mean target and for the quarter ending Oct-16 there are 32 estimates of 1.82 EPS.
Lululemon Athletica (LULU) reported quarterly earnings results on Wednesday, Jun-8-2016. When compared to other companies in the Textiles, Apparel & Luxury Goods industry and the overall market, LULULEMON ATHLETICA INC’s return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500. They presently have a $60.00 target price on the apparel retailer’s stock.
Revenue was up about 17 per cent to $495.5-million from $423.5 million, and rose 19 per cent on a constant dollar basis. Following the completion of the sale, the director now directly owns 25,470 shares in the company, valued at approximately $1,714,385.70.
The mean price target for the shares of Lululemon Athletica inc. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $70.00 target price (up from $62.00) on shares of Lululemon Athletica inc.in a report on Wednesday, March 23rd.
The Company gained 2.25% and finished at $68.75. JPMorgan Chase & Co. boosted their price target on Lululemon Athletica inc. from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, April 4th. Lululemon Athletica inc. now has a consensus rating of “Buy” and a consensus price target of $67.55. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-six have issued a buy rating to the stock. The firm has a 50 day moving average of $64.40 and a 200-day moving average of $59.58.
Lululemon stock trades at a trailing-12 P/E of 36.05, a forward P/E of 26.83 and a P/E to growth ratio of 2.02.
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For the full year, the company now expects full-year earnings in the range of $2.08 to $2.18 a share, compared with a prior range of $2.05 to $2.15. Analysts forecast earnings per share of $0.30, down exactly $0.04 or 11.76% from 2014’s $0.34 EPS. The Company offers a line of apparel and accessories for women, men and female youth. The company offers trousers, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga and running; other sweaty pursuits; and athletic wear for female youth.
