Lululemon (LULU) Reports First Quarter Results

What's Happening With LULU View more about LULU >

Lululemon Athletica Inc. (LULU) reports first-quarter numbers June 12. The company will release its quarterly numbers after the market close with the consensus calling for earnings of $0.71 per share on revenue of $757 million, versus $0.55 on $650 million during the same period last year. LULU stock has gained 40% on the year.

Technical Analysis

LULU was recently trading at $170.23 down $9.27 from its 12-month high and $59.52 above its 12-month low. InvestorsObserver’s Stock Score Report gives LULU an 88 long-term technical score and a 87 short-term technical score. The stock has recent support above $160 and recent resistance below $180. Of the 25 analysts who cover the stock 15 rate it Strong Buy, 1 rate it Buy, 9 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, LULU gets a score of 76 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

LULU was in a strong upward trend prior to the market’s sell off in May and shares have already begun to recover as stability has returned to the broader market. The stock hit an all-time high in April and is once again approaching its record high ahead of the company’s Q1 report. Earnings have risen at an annual rate of 17.4% over the last five years and analysts expect more of the same moving forward with forecast profit growth of 18.9% per annum for the next five years. The stock has a high valuation with a forward P/E of 31.2, but LULU has always traded with a high valuation and the strong forecast earnings growth explains why traders have been so willing to buy into the stock at the current multiple. The company has topped estimates on the top and bottom line for eight straight quarters and the street expects a big earnings beat this quarter with a whisper number of $0.77, which would certainly push the stock to a new record high. Analysts have an average price target of $182.16 on the stock.

LULU
About lululemon athletica inc.

Lululemon Athletica Inc. designs, distributes, and markets athletic apparel and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 400 company-owned stores in 14 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.

  • Last Price:
    $182.64
  • Previous Close:
    $181.87
  • Change:
    $0.77 (0.42%)
  • Open:
    $182.16
  • Volume:
    2,014,108
  • Average Volume (100 Day):
    2,213,632
  • Market Capitalization:
    $23.8 B
  • Day's Range:
    $181.55 - $184.31
  • Dividend Yield:
    0.00%
  • 52-week Range:
    $191 - $110.71
  • P-E:
    49.10
  • EPS:
    $3.80
  • Earnings Date:
    8/29/19
  • Ex Dividend Date:
    N/A
  • Sector:
    Consumer Cyclical
  • Industry:
    Apparel Stores
  • Analyst Average Recommendation:
    Moderate Buy

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