Equities analysts forecast that Lululemon Athletica inc. (NASDAQ:LULU) will report earnings per share of $1.22 for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for Lululemon Athletica’s earnings. The highest EPS estimate is $1.24 and the lowest is $1.20. Lululemon Athletica reported earnings per share of $1.00 during the same quarter last year, which would suggest a positive year over year growth rate of 22%. The company is expected to issue its next quarterly earnings report on Wednesday, April 4th.

According to Zacks, analysts expect that Lululemon Athletica will report full year earnings of $2.48 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.50. For the next year, analysts expect that the firm will report earnings of $2.86 per share, with EPS estimates ranging from $2.72 to $3.05. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. The company had revenue of $619.00 million for the quarter, compared to analyst estimates of $610.56 million. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. Lululemon Athletica’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share.

A number of equities research analysts have recently commented on LULU shares. Needham & Company LLC set a $69.00 price target on Lululemon Athletica and gave the stock a “buy” rating in a research report on Monday, October 16th. Citigroup lifted their target price on Lululemon Athletica to $78.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Royal Bank of Canada reissued a “buy” rating and issued a $77.00 target price on shares of Lululemon Athletica in a research report on Friday, December 8th. Stifel Nicolaus lifted their target price on Lululemon Athletica from $66.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, December 7th. Finally, B. Riley lifted their target price on Lululemon Athletica from $55.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $72.28.

Lululemon Athletica (LULU) traded up $1.10 during midday trading on Wednesday, hitting $79.69. The stock had a trading volume of 2,474,700 shares, compared to its average volume of 1,889,900. The firm has a market capitalization of $10,620.00, a price-to-earnings ratio of 39.65, a P/E/G ratio of 2.48 and a beta of 0.19. Lululemon Athletica has a 52 week low of $47.26 and a 52 week high of $80.27.

Lululemon Athletica declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the apparel retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in shares of Lululemon Athletica by 16,053.2% during 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 in the last quarter. Eaton Vance Management bought a new stake in Lululemon Athletica during the 2nd quarter worth $126,967,000. Lazard Asset Management LLC bought a new stake in Lululemon Athletica during the 2nd quarter worth $94,181,000. HS Management Partners LLC grew its position in Lululemon Athletica by 36.4% during the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after acquiring an additional 741,200 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in Lululemon Athletica by 145.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,153,948 shares of the apparel retailer’s stock worth $68,856,000 after acquiring an additional 684,667 shares during the last quarter. 79.31% of the stock is owned by hedge funds and other institutional investors.

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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.

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Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

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