Equities research analysts expect lululemon athletica inc. (NASDAQ:LULU) to announce sales of $611.40 million for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for lululemon athletica’s earnings. The highest sales estimate is $615.50 million and the lowest is $586.80 million. lululemon athletica posted sales of $544.42 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, December 6th.
On average, analysts expect that lululemon athletica will report full-year sales of $611.40 million for the current fiscal year, with estimates ranging from $2.56 billion to $2.60 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.85 billion per share, with estimates ranging from $2.73 billion to $2.99 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow lululemon athletica.
lululemon athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. lululemon athletica had a net margin of 11.68% and a return on equity of 22.51%. The firm’s 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.
Several hedge funds and other institutional investors have recently bought and sold shares of LULU. Comerica Bank raised its holdings in lululemon athletica by 1.0% in the 2nd quarter. Comerica Bank now owns 11,264 shares of the apparel retailer’s stock worth $699,000 after purchasing an additional 115 shares in the last quarter. Suntrust Banks Inc. raised its holdings in lululemon athletica by 5.9% in the 2nd quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock worth $252,000 after purchasing an additional 237 shares in the last quarter. Bender Robert & Associates raised its holdings in lululemon athletica by 0.4% in the 2nd quarter. Bender Robert & Associates now owns 84,141 shares of the apparel retailer’s stock worth $5,021,000 after purchasing an additional 302 shares in the last quarter. Global X Management Co. LLC raised its holdings in lululemon athletica by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock worth $151,000 after purchasing an additional 719 shares in the last quarter. Finally, Scotia Capital Inc. raised its holdings in lululemon athletica by 23.0% in the 2nd quarter. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer’s stock worth $311,000 after purchasing an additional 978 shares in the last quarter. 79.44% of the stock is currently owned by institutional investors.
Shares of lululemon athletica (LULU) opened at $66.96 on Friday. The company has a market cap of $9,120.62, a PE ratio of 30.90, a price-to-earnings-growth ratio of 2.49 and a beta of 0.15. lululemon athletica has a 12-month low of $47.26 and a 12-month high of $72.70.
TRADEMARK VIOLATION WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/12/01/lululemon-athletica-inc-lulu-expected-to-announce-quarterly-sales-of-611-40-million.html.
About lululemon athletica
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for lululemon athletica inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for lululemon athletica inc. and related companies with MarketBeat.com's FREE daily email newsletter.