Equities analysts expect lululemon athletica inc. (NASDAQ:LULU) to post sales of $610.97 million for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for lululemon athletica inc.’s earnings, with estimates ranging from $586.80 million to $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 12.2%. The company is scheduled to report its next earnings report on Wednesday, December 6th.

According to Zacks, analysts expect that lululemon athletica inc. will report full year sales of $610.97 million for the current year, with estimates ranging from $2.55 billion to $2.60 billion. For the next year, analysts expect that the business will post sales of $2.86 billion per share, with estimates ranging from $2.73 billion to $2.99 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for 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 the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $581.10 million for 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%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share.

Several research firms have recently commented on LULU. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $68.00 price objective on shares of lululemon athletica inc. in a report on Tuesday, October 10th. BMO Capital Markets set a $55.00 price target on lululemon athletica inc. and gave the company a “hold” rating in a report on Tuesday, August 8th. Robert W. Baird restated a “buy” rating and set a $72.00 price target on shares of lululemon athletica inc. in a report on Wednesday, October 4th. Stifel Nicolaus downgraded lululemon athletica inc. from a “buy” rating to a “hold” rating and boosted their price target for the company from $60.00 to $66.00 in a report on Tuesday, July 25th. They noted that the move was a valuation call. Finally, KeyCorp restated a “hold” rating on shares of lululemon athletica inc. in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $65.67.

lululemon athletica inc. (NASDAQ LULU) traded up $0.86 on Monday, hitting $64.87. The stock had a trading volume of 1,781,100 shares, compared to its average volume of 2,688,050. The stock has a market capitalization of $8,782.17, a P/E ratio of 29.76, a P/E/G ratio of 2.25 and a beta of 0.15. lululemon athletica inc. has a 1 year low of $47.26 and a 1 year high of $72.70.

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A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in lululemon athletica inc. by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock worth $468,413,000 after buying an additional 233,035 shares during the period. BlackRock Inc. boosted its holdings in lululemon athletica inc. by 4.4% in the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock worth $320,629,000 after buying an additional 228,068 shares during the period. HS Management Partners LLC boosted its holdings in lululemon athletica inc. by 36.4% in the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after buying an additional 741,200 shares during the period. Janus Henderson Group PLC boosted its holdings in lululemon athletica inc. by 16,053.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock worth $156,010,000 after buying an additional 2,598,364 shares during the period. Finally, Eaton Vance Management bought a new position in shares of lululemon athletica inc. during the 2nd quarter valued at about $126,967,000. 81.14% of the stock is owned by institutional investors.

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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