Lululemon Athletica inc. (LULU) Expected to Announce Earnings of $1.27 Per Share

Wall Street analysts predict that Lululemon Athletica inc. (NASDAQ:LULU) will announce earnings of $1.27 per share for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Lululemon Athletica’s earnings, with the lowest EPS estimate coming in at $1.25 and the highest estimate coming in at $1.29. Lululemon Athletica reported earnings of $1.00 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 27%. The business is expected to issue its next earnings report on Wednesday, April 4th.

According to Zacks, analysts expect that Lululemon Athletica will report full year earnings of $2.53 per share for the current fiscal year, with EPS estimates ranging from $2.51 to $2.55. For the next fiscal year, analysts anticipate that the business will report earnings of $3.01 per share, with EPS estimates ranging from $2.84 to $3.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $619.00 million for the quarter, compared to analyst estimates of $610.56 million. During the same quarter in the previous year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year.

LULU has been the topic of a number of analyst reports. Canaccord Genuity reaffirmed a “sell” rating and issued a $43.00 price objective on shares of Lululemon Athletica in a report on Friday, September 22nd. Zacks Investment Research lowered Lululemon Athletica from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Robert W. Baird reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Lululemon Athletica in a report on Wednesday, October 4th. Oppenheimer reaffirmed an “outperform” rating and issued a $68.00 price objective on shares of Lululemon Athletica in a report on Tuesday, October 10th. Finally, Needham & Company LLC set a $69.00 price objective on Lululemon Athletica and gave the company a “buy” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $73.27.

Shares of Lululemon Athletica (NASDAQ LULU) traded up $1.77 on Friday, reaching $79.34. The company’s stock had a trading volume of 1,351,736 shares, compared to its average volume of 1,241,649. Lululemon Athletica has a 12 month low of $47.26 and a 12 month high of $81.92. The stock has a market cap of $10,501.35, a price-to-earnings ratio of 39.47, a PEG ratio of 2.39 and a beta of 0.19.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new position in Lululemon Athletica in the 4th quarter valued at $557,000. Acadian Asset Management LLC raised its holdings in Lululemon Athletica by 120,248.9% in the 4th quarter. Acadian Asset Management LLC now owns 162,471 shares of the apparel retailer’s stock valued at $12,768,000 after acquiring an additional 162,336 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Lululemon Athletica by 3.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 426,213 shares of the apparel retailer’s stock valued at $33,497,000 after acquiring an additional 13,628 shares during the last quarter. Bank of Montreal Can raised its holdings in Lululemon Athletica by 11.6% in the 4th quarter. Bank of Montreal Can now owns 34,246 shares of the apparel retailer’s stock valued at $2,691,000 after acquiring an additional 3,550 shares during the last quarter. Finally, Winslow Asset Management Inc. raised its holdings in Lululemon Athletica by 2.3% in the 4th quarter. Winslow Asset Management Inc. now owns 112,202 shares of the apparel retailer’s stock valued at $8,818,000 after acquiring an additional 2,570 shares during the last quarter. Institutional investors 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.

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

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