Zacks: Brokerages Expect lululemon athletica inc. (LULU) Will Announce Quarterly Sales of $610.97 Million
Wall Street brokerages expect lululemon athletica inc. (NASDAQ:LULU) to post $610.97 million in sales for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have made estimates for lululemon athletica inc.’s earnings, with the highest sales estimate coming in at $615.46 million and the lowest estimate coming in at $586.80 million. lululemon athletica inc. reported sales of $544.42 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.2%. The firm is expected to issue its next quarterly earnings report on Wednesday, December 6th.
On average, analysts expect that lululemon athletica inc. will report full-year sales of $610.97 million for the current fiscal year, with estimates ranging from $2.55 billion to $2.60 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.86 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 research firms that follow lululemon athletica inc..
lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The firm had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis.
LULU has been the topic of several research reports. Needham & Company LLC set a $69.00 target price on lululemon athletica inc. and gave the company a “buy” rating in a research note on Monday, October 16th. KeyCorp restated a “hold” rating on shares of lululemon athletica inc. in a research note on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and issued a $56.00 target price on shares of lululemon athletica inc. in a research note on Friday, July 14th. J P Morgan Chase & Co restated a “buy” rating and issued a $71.00 target price on shares of lululemon athletica inc. in a research note on Friday, September 1st. Finally, Zacks Investment Research upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. lululemon athletica inc. currently has an average rating of “Hold” and an average target price of $65.67.
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lululemon athletica inc. (NASDAQ:LULU) traded down 2.10% during trading on Tuesday, reaching $62.49. The company had a trading volume of 665,413 shares. The company 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. The company has a market capitalization of $8.46 billion, a PE ratio of 30.16 and a beta of 0.20.
Large investors have recently bought and sold shares of the stock. IHT Wealth Management LLC boosted its stake in lululemon athletica inc. by 591.0% during the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 1,182 shares during the period. Exane Derivatives bought a new stake in lululemon athletica inc. during the second quarter valued at $106,000. Global X Management Co. LLC boosted its stake in lululemon athletica inc. by 39.7% during the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after buying an additional 719 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in lululemon athletica inc. by 40.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after buying an additional 1,000 shares during the period. Finally, Oakbrook Investments LLC bought a new stake in lululemon athletica inc. during the third quarter valued at $202,000. 80.18% of the stock is owned by institutional investors.
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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