$880.81 Million in Sales Expected for Lululemon Athletica inc. (LULU) This Quarter

Analysts predict that Lululemon Athletica inc. (NASDAQ:LULU) will post sales of $880.81 million for the current quarter, according to Zacks. Eleven analysts have issued estimates for Lululemon Athletica’s earnings, with estimates ranging from $870.70 million to $891.00 million. Lululemon Athletica reported sales of $789.94 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.5%. The company is expected to announce its next earnings results on Wednesday, April 4th.

According to Zacks, analysts expect that Lululemon Athletica will report full-year sales of $880.81 million for the current year, with estimates ranging from $2.59 billion to $2.61 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.90 billion per share, with estimates ranging from $2.81 billion to $3.00 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. The company had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. Lululemon Athletica’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of Lululemon Athletica from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Robert W. Baird reaffirmed an “in-line” rating and set a $82.00 target price (up from $72.00) on shares of Lululemon Athletica in a research note on Thursday, December 7th. BMO Capital Markets reiterated a “hold” rating and set a $55.00 price objective on shares of Lululemon Athletica in a research report on Wednesday, September 13th. Needham & Company LLC reiterated a “buy” rating and set a $71.00 price objective (up previously from $69.00) on shares of Lululemon Athletica in a research report on Friday, December 1st. Finally, Canaccord Genuity upgraded shares of Lululemon Athletica from a “sell” rating to a “hold” rating and raised their target price for the stock from $43.00 to $70.00 in a report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. Lululemon Athletica currently has an average rating of “Buy” and an average price target of $71.68.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC lifted its holdings in shares of Lululemon Athletica 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 purchasing an additional 1,182 shares during the last quarter. Zions Bancorporation increased its holdings in shares of Lululemon Athletica by 183.2% during the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after acquiring an additional 1,356 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in shares of Lululemon Athletica during the 3rd quarter valued at about $156,000. Oakbrook Investments LLC acquired a new position in shares of Lululemon Athletica during the 3rd quarter valued at about $202,000. Finally, Mackenzie Financial Corp bought a new stake in Lululemon Athletica during the 3rd quarter valued at approximately $232,000. Hedge funds and other institutional investors own 79.31% of the company’s stock.

Shares of Lululemon Athletica (NASDAQ LULU) traded up $0.24 during midday trading on Friday, hitting $80.09. 221,833 shares of the stock traded hands, compared to its average volume of 2,000,000. The company has a market capitalization of $10,840.00, a P/E ratio of 39.85, a PEG 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 $80.34.

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

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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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