Wall Street analysts expect that lululemon athletica inc. (NASDAQ:LULU) will report earnings of $0.52 per share for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for lululemon athletica inc.’s earnings. The highest EPS estimate is $0.53 and the lowest is $0.51. lululemon athletica inc. reported earnings per share of $0.47 in the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The company is expected to report its next earnings report on Wednesday, December 6th.

According to Zacks, analysts expect that lululemon athletica inc. will report full-year earnings of $2.41 per share for the current year, with EPS estimates ranging from $2.36 to $2.46. For the next financial year, analysts expect that the company will post earnings of $2.70 per share, with EPS estimates ranging from $2.52 to $2.93. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow lululemon athletica inc..

lululemon athletica inc. (NASDAQ:LULU) last issued its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. lululemon athletica inc.’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share.

A number of equities analysts have weighed in on the company. UBS AG reissued a “neutral” rating and set a $54.00 price objective (down previously from $57.00) on shares of lululemon athletica inc. in a research note on Tuesday, May 30th. BMO Capital Markets reissued a “hold” rating and set a $55.00 price objective on shares of lululemon athletica inc. in a research note on Wednesday. Barclays PLC set a $85.00 price objective on lululemon athletica inc. and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Oppenheimer Holdings, Inc. set a $65.00 price objective on lululemon athletica inc. and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Finally, Sanford C. Bernstein assumed coverage on lululemon athletica inc. in a research note on Tuesday. They set a “market perform” rating and a $66.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have assigned 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 $65.68.

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In other news, Director Glenn Murphy bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was purchased at an average cost of $55.50 per share, with a total value of $5,550,000.00. Following the transaction, the director now directly owns 100,344 shares in the company, valued at $5,569,092. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of lululemon athletica inc. by 8.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock valued at $19,260,000 after purchasing an additional 28,686 shares during the period. CIBC World Markets Inc. boosted its position in shares of lululemon athletica inc. by 6.6% in the 1st quarter. CIBC World Markets Inc. now owns 11,143 shares of the apparel retailer’s stock valued at $578,000 after purchasing an additional 688 shares during the period. Stifel Financial Corp boosted its position in shares of lululemon athletica inc. by 49.1% in the 1st quarter. Stifel Financial Corp now owns 23,401 shares of the apparel retailer’s stock valued at $1,207,000 after purchasing an additional 7,701 shares during the period. Morgan Stanley boosted its position in shares of lululemon athletica inc. by 55.2% in the 1st quarter. Morgan Stanley now owns 821,041 shares of the apparel retailer’s stock valued at $42,587,000 after purchasing an additional 292,183 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of lululemon athletica inc. in the 1st quarter valued at about $955,000. 79.58% of the stock is owned by hedge funds and other institutional investors.

Shares of lululemon athletica inc. (NASDAQ:LULU) traded down 0.63% during mid-day trading on Thursday, reaching $61.11. The company had a trading volume of 1,943,364 shares. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $72.70. The company has a market capitalization of $8.27 billion, a PE ratio of 29.49 and a beta of 0.22. The stock’s 50-day moving average price is $60.61 and its 200 day moving average price is $57.21.

About lululemon athletica inc.

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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Earnings History and Estimates for lululemon athletica inc. (NASDAQ:LULU)

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