Lululemon shares jump on earnings, sales beat

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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. After having developed an enviable business model with loyal customers, controversial product problems led to near disaster for the yoga-apparel specialist. (NYSE:HON). Ashfield Capital Ptnrs Ltd Liability Company reported 59,186 shares. (LULU) on Wednesday reported fiscal third-quarter profit of US$58.9 million.

The results topped Wall Street expectations. (LULU) PT Raised to $75 at BofA/Merrill Lynch ..." with publication date: "November 27, 2017.

Looking forward, for the quarter ending Jan-17, 32 analysts have a mean sales target of 783.55 million. A month ago, analyst EPS consensus estimated earnings of US$0.52 per share.

Total comparable sales were up 8 per cent in the quarter, while online revenue climbed 26 per cent. Analysts surveyed by Zacks had expected revenue of US$872.7 million. Also, in a reversal from the past several years, foreign currency impacts actually helped the company's results, adding about two percentage points to sales and a single percentage point to the retailer's comps.

Gross profit margin, the percentage of sales the retailer makes after accounting for production costs, improved to 52% from 51.1% a year earlier.

The favorable outlook caps a year that began with a fashion misstep-company officials blamed its first quarterly comparable-sales decline in more than two years on spring offerings that weren't bold enough-and during which several notable executives have left, including creative director Lee Holman, who gave notice last month that he would leave on December 31. A visit to China, where the retailer is opening 12 stores this year, provided a glimpse at the future of retail, Potdevin said. "The strength of our Q3 earnings supports our unique position as the global brand defining an active, mindful lifestyle". Finally, Scotia Capital Inc. lifted its holdings in lululemon athletica by 23.0% in the 2nd quarter.

Investors sentiment increased to 1.18 in Q2 2017.

Lululemon raised its full-year 2017 adjusted earnings per share guidance to a range between $2.45 and $2.48, up from its previous guess of $2.35 to $2.42. The stock has a market capitalization of $9,100.31, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.49 and a beta of 0.19. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70.

Earnings per share were $59 million, or 43 cents per share, compared with earnings of $68 million (50 cents) in the same period of a year ago, due a decision to close the retailer's Ivivva stores in June. On Wednesday, June 21 the stock rating was maintained by Bernstein with "Buy". The stock of Lululemon Athletica Inc.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Suntrust Banks Inc. lifted its holdings in lululemon athletica by 5.9% in the 2nd quarter.

Dan Caplinger has no position in any of the stocks mentioned. Citigroup initiated Lululemon Athletica Inc.