Lululemon Athletica inc. (LULU) Expected to Post Q3 2018 Earnings of $0.53 Per Share
Lululemon Athletica inc. (NASDAQ:LULU) – Equities research analysts at William Blair decreased their Q3 2018 earnings estimates for shares of Lululemon Athletica inc. in a research note issued on Monday. William Blair analyst S. Zackfia now forecasts that the apparel retailer will post earnings per share of $0.53 for the quarter, down from their prior forecast of $0.55. William Blair also issued estimates for Lululemon Athletica inc.’s Q4 2018 earnings at $1.07 EPS, FY2018 earnings at $2.30 EPS and FY2019 earnings at $2.68 EPS.
A number of other brokerages have also commented on LULU. Stifel Nicolaus reduced their price target on shares of Lululemon Athletica inc. from $67.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, March 30th. Cowen and Company set a $64.00 price target on shares of Lululemon Athletica inc. and gave the stock a “buy” rating in a research note on Thursday, April 20th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $57.00 price target (down from $82.00) on shares of Lululemon Athletica inc. in a research note on Thursday, March 30th. Vetr lowered shares of Lululemon Athletica inc. from a “buy” rating to a “hold” rating and set a $54.75 price target for the company. in a research note on Wednesday, May 10th. Finally, Wedbush reiterated an “outperform” rating and issued a $81.00 price target on shares of Lululemon Athletica inc. in a research note on Tuesday, March 28th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $65.66.
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Shares of Lululemon Athletica inc. (NASDAQ:LULU) traded up 0.18% during midday trading on Wednesday, reaching $48.89. 1,052,426 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $51.58 and a 200-day moving average of $60.75. Lululemon Athletica inc. has a 12-month low of $48.10 and a 12-month high of $81.81. The stock has a market capitalization of $6.70 billion, a P/E ratio of 22.12 and a beta of 0.23.
Lululemon Athletica inc. (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, March 29th. The apparel retailer reported $1.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by $0.01. Lululemon Athletica inc. had a return on equity of 24.32% and a net margin of 12.60%. The firm had revenue of $789 million during the quarter, compared to the consensus estimate of $783.32 million. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Advisors LLC boosted its position in shares of Lululemon Athletica inc. by 4.1% in the third quarter. Cetera Advisors LLC now owns 3,786 shares of the apparel retailer’s stock valued at $229,000 after buying an additional 149 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Lululemon Athletica inc. by 714.7% in the third quarter. Mackenzie Financial Corp now owns 160,667 shares of the apparel retailer’s stock valued at $9,797,000 after buying an additional 140,945 shares during the last quarter. Usca Ria LLC acquired a new position in shares of Lululemon Athletica inc. during the third quarter valued at about $979,000. Capital International Investors boosted its position in shares of Lululemon Athletica inc. by 0.4% in the third quarter. Capital International Investors now owns 1,559,613 shares of the apparel retailer’s stock valued at $95,105,000 after buying an additional 6,310 shares during the last quarter. Finally, Clinton Group Inc. acquired a new position in shares of Lululemon Athletica inc. during the third quarter valued at about $5,896,000. Institutional investors own 85.19% of the company’s stock.
Lululemon Athletica inc. Company Profile
lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.
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