lululemon athletica inc. Forecasted to Earn Q1 2019 Earnings of $0.39 Per Share (LULU)

lululemon athletica inc. (NASDAQ:LULU) – William Blair issued their Q1 2019 earnings estimates for shares of lululemon athletica in a research note issued on Tuesday. William Blair analyst S. Zackfia anticipates that the apparel retailer will post earnings of $0.39 per share for the quarter. William Blair also issued estimates for lululemon athletica’s Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $1.34 EPS, FY2019 earnings at $2.74 EPS and FY2020 earnings at $3.09 EPS.

lululemon athletica (NASDAQ:LULU) last posted its quarterly earnings data 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. lululemon athletica had a net margin of 11.68% and a return on equity of 22.51%. The company had revenue of $581.10 million during the quarter, compared to the consensus estimate of $567.40 million. During the same quarter in the prior year, the company posted $0.38 EPS. The company’s quarterly revenue was up 12.9% compared to the same quarter last year.

A number of other research analysts also recently commented on the stock. Canaccord Genuity set a $41.00 price objective on shares of lululemon athletica and gave the company a “sell” rating in a research note on Tuesday, August 29th. Vetr upgraded lululemon athletica from a “buy” rating to a “strong-buy” rating and set a $66.00 target price for the company in a report on Wednesday, August 30th. Cowen reiterated a “buy” rating and set a $68.00 target price on shares of lululemon athletica in a report on Friday, November 3rd. Nomura reiterated a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of lululemon athletica in a report on Friday, September 1st. Finally, Deutsche Bank reiterated a “hold” rating and set a $59.00 target price on shares of lululemon athletica in a report on Friday, September 1st. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $65.80.

lululemon athletica (NASDAQ:LULU) traded up $0.09 during midday trading on Thursday, hitting $66.96. 2,181,805 shares of the stock were exchanged, compared to its average volume of 2,610,176. lululemon athletica has a one year low of $47.26 and a one year high of $72.70. The firm has a market cap of $9,120.62, a P/E ratio of 30.90, a P/E/G ratio of 2.49 and a beta of 0.15.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Korea Investment CORP boosted its holdings in lululemon athletica by 12.5% in the 3rd quarter. Korea Investment CORP now owns 410,800 shares of the apparel retailer’s stock worth $25,572,000 after acquiring an additional 45,600 shares during the period. Crystal Rock Capital Management purchased a new position in lululemon athletica in the 2nd quarter worth approximately $2,418,000. Dimensional Fund Advisors LP boosted its stake in shares of lululemon athletica by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 314,404 shares of the apparel retailer’s stock valued at $18,760,000 after buying an additional 29,880 shares during the last quarter. APG Asset Management N.V. boosted its stake in shares of lululemon athletica by 6.2% during the 3rd quarter. APG Asset Management N.V. now owns 177,188 shares of the apparel retailer’s stock valued at $11,030,000 after buying an additional 10,300 shares during the last quarter. Finally, First Midwest Bank Trust Division purchased a new position in shares of lululemon athletica during the 3rd quarter valued at approximately $1,208,000. Hedge funds and other institutional investors own 79.44% of the company’s stock.

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lululemon athletica 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.

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

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