$610.97 Million in Sales Expected for lululemon athletica inc. (LULU) This Quarter
Equities analysts expect that lululemon athletica inc. (NASDAQ:LULU) will post sales of $610.97 million for the current quarter, Zacks reports. Twelve analysts have provided estimates for lululemon athletica inc.’s earnings, with estimates ranging from $586.80 million to $615.46 million. lululemon athletica inc. posted sales of $544.42 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The business is expected to issue its next earnings results on Wednesday, December 6th.
On average, analysts expect that lululemon athletica inc. will report full year sales of $610.97 million for the current financial year, with estimates ranging from $2.55 billion to $2.60 billion. For the next financial year, analysts forecast that the company will report sales of $2.86 billion per share, with estimates ranging from $2.73 billion to $2.99 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow lululemon athletica inc..
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.04. The business had revenue of $581.10 million for the quarter, compared to analysts’ expectations of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share.
A number of analysts have commented on the stock. Cowen and Company reiterated an “outperform” rating and issued a $68.00 price objective (up previously from $67.00) on shares of lululemon athletica inc. in a report on Friday, September 1st. Zacks Investment Research upgraded shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Thursday, August 17th. Credit Suisse Group set a $56.00 price target on shares of lululemon athletica inc. and gave the company a “hold” rating in a research note on Friday, August 25th. Instinet reissued a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of lululemon athletica inc. in a research note on Friday, September 1st. Finally, Vetr raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 price target for the company in a research note on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $65.67.
A number of hedge funds and other institutional investors have recently bought and sold shares of LULU. First Trust Advisors LP acquired a new position in lululemon athletica inc. in the first quarter valued at $955,000. Comerica Bank increased its stake in lululemon athletica inc. by 0.9% in the first quarter. Comerica Bank now owns 11,149 shares of the apparel retailer’s stock valued at $588,000 after purchasing an additional 97 shares during the period. Parametric Portfolio Associates LLC increased its stake in lululemon athletica inc. by 47.6% in the first quarter. Parametric Portfolio Associates LLC now owns 67,964 shares of the apparel retailer’s stock valued at $3,525,000 after purchasing an additional 21,921 shares during the period. Wellington Management Group LLP increased its stake in lululemon athletica inc. by 52.3% in the first quarter. Wellington Management Group LLP now owns 85,001 shares of the apparel retailer’s stock valued at $4,409,000 after purchasing an additional 29,193 shares during the period. Finally, Teachers Advisors LLC increased its stake in lululemon athletica inc. by 14.7% in the first quarter. Teachers Advisors LLC now owns 140,505 shares of the apparel retailer’s stock valued at $7,288,000 after purchasing an additional 17,954 shares during the period. Institutional investors own 80.18% of the company’s stock.
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Shares of lululemon athletica inc. (NASDAQ LULU) traded down 0.97% during midday trading on Tuesday, hitting $63.21. The stock had a trading volume of 102,036 shares. The stock has a market cap of $8.56 billion, a PE ratio of 30.51 and a beta of 0.20. The firm has a 50 day moving average price of $60.80 and a 200-day moving average price of $56.93. lululemon athletica inc. has a 52-week low of $47.26 and a 52-week high of $72.70.
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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