Wall Street analysts predict that lululemon athletica inc. (NASDAQ:LULU) will post sales of $613.10 million for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for lululemon athletica inc.’s earnings, with the lowest sales estimate coming in at $607.00 million and the highest estimate coming in at $615.46 million. lululemon athletica inc. reported sales of $544.42 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.6%. The firm is scheduled to report its next earnings results on Wednesday, December 6th.

According to Zacks, analysts expect that lululemon athletica inc. will report full-year sales of $613.10 million for the current financial year, with estimates ranging from $2.55 billion to $2.60 billion. For the next year, analysts expect that the firm will post sales of $2.85 billion per share, with estimates ranging from $2.73 billion to $2.99 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover lululemon athletica inc..

lululemon athletica inc. (NASDAQ:LULU) last released its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

A number of brokerages have recently issued reports on LULU. Stifel Nicolaus set a $60.00 price target on lululemon athletica inc. and gave the company a “buy” rating in a report on Sunday, May 28th. UBS AG reiterated a “neutral” rating and set a $54.00 price target (down previously from $57.00) on shares of lululemon athletica inc. in a research note on Tuesday, May 30th. Barclays PLC set a $85.00 price target on lululemon athletica inc. and gave the company a “buy” rating in a research note on Saturday, June 3rd. Oppenheimer Holdings, Inc. set a $65.00 price target on lululemon athletica inc. and gave the company a “buy” rating in a research note on Saturday, June 3rd. Finally, Zacks Investment Research downgraded lululemon athletica inc. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. lululemon athletica inc. currently has a consensus rating of “Hold” and a consensus price target of $65.68.

Shares of lululemon athletica inc. (NASDAQ:LULU) opened at 60.60 on Friday. The company has a market cap of $8.20 billion, a P/E ratio of 29.25 and a beta of 0.22. The company has a 50-day moving average price of $60.59 and a 200-day moving average price of $57.17. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70.

In other news, Director Glenn Murphy purchased 97,728 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average cost of $55.50 per share, with a total value of $5,423,904.00. Following the acquisition, the director now directly owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC increased its position in lululemon athletica inc. by 591.0% in the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after acquiring an additional 1,182 shares in the last quarter. Exane Derivatives acquired a new stake in shares of lululemon athletica inc. during the 2nd quarter worth approximately $106,000. Global X Management Co. LLC grew its position in shares of lululemon athletica inc. by 39.7% during the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after buying an additional 719 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of lululemon athletica inc. by 40.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock worth $182,000 after buying an additional 1,000 shares during the period. Finally, Suntrust Banks Inc. acquired a new stake in shares of lululemon athletica inc. during the 1st quarter worth approximately $206,000. 79.58% of the stock is owned by hedge funds and other institutional investors.

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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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