Lululemon Athletica inc. (NASDAQ:LULU) – Research analysts at Oppenheimer increased their FY2018 earnings per share estimates for shares of Lululemon Athletica in a research note issued on Wednesday. Oppenheimer analyst A. Andreeva now expects that the apparel retailer will post earnings per share of $2.90 for the year, up from their prior estimate of $2.48. Oppenheimer currently has a “Outperform” rating and a $75.00 price target on the stock. Oppenheimer also issued estimates for Lululemon Athletica’s Q3 2019 earnings at $0.61 EPS.

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

Several other research analysts have also weighed in on the company. Cowen reissued a “buy” rating and issued a $68.00 price objective on shares of Lululemon Athletica in a research report on Friday, November 3rd. Citigroup raised Lululemon Athletica from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $61.50 to $60.09 in a research report on Friday, October 20th. Zacks Investment Research lowered Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Canaccord Genuity set a $43.00 price objective on Lululemon Athletica and gave the stock a “sell” rating in a research report on Tuesday, December 5th. Finally, KeyCorp reissued a “hold” rating on shares of Lululemon Athletica in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Lululemon Athletica presently has a consensus rating of “Hold” and an average target price of $72.95.

Lululemon Athletica (LULU) traded down $0.15 during mid-day trading on Monday, hitting $78.84. The stock had a trading volume of 1,223,400 shares, compared to its average volume of 1,698,422. Lululemon Athletica has a 1 year low of $47.26 and a 1 year high of $81.92. The company has a market cap of $10,670.00, a price-to-earnings ratio of 39.22, a PEG ratio of 2.41 and a beta of 0.19.

Lululemon Athletica declared that its board has approved a stock repurchase plan on Wednesday, December 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

A number of hedge funds have recently added to or reduced their stakes in LULU. Vanguard Group Inc. boosted its stake in shares of Lululemon Athletica 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 last quarter. BlackRock Inc. boosted its stake in shares of Lululemon Athletica 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 last quarter. Janus Henderson Group PLC boosted its stake in shares of Lululemon Athletica 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 last quarter. State Street Corp boosted its stake in shares of Lululemon Athletica by 0.8% in the 2nd quarter. State Street Corp now owns 2,113,129 shares of the apparel retailer’s stock worth $126,101,000 after buying an additional 16,821 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Lululemon Athletica in the second quarter valued at approximately $94,181,000. Institutional investors and hedge funds own 79.42% of the company’s stock.

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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.

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

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