Lululemon Athletica inc. (LULU) Expected to Announce Quarterly Sales of $912.56 Million

Equities analysts predict that Lululemon Athletica inc. (NASDAQ:LULU) will post sales of $912.56 million for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Lululemon Athletica’s earnings. The highest sales estimate is $915.60 million and the lowest is $907.40 million. Lululemon Athletica posted sales of $789.94 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.5%. The firm is expected to issue its next earnings report on Wednesday, April 4th.

According to Zacks, analysts expect that Lululemon Athletica will report full-year sales of $912.56 million for the current financial year, with estimates ranging from $2.60 billion to $2.64 billion. For the next year, analysts forecast that the firm will report sales of $2.95 billion per share, with estimates ranging from $2.84 billion to $3.08 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.04. The firm 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 for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share.

A number of brokerages recently commented on LULU. SunTrust Banks upped their target price on Lululemon Athletica to $90.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research lowered Lululemon Athletica from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. MKM Partners upped their target price on Lululemon Athletica from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Robert W. Baird reiterated an “in-line” rating and issued a $82.00 target price (up previously from $72.00) on shares of Lululemon Athletica in a research report on Thursday, December 7th. Finally, Needham & Company LLC boosted their price target on Lululemon Athletica from $79.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, twenty have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Lululemon Athletica currently has an average rating of “Hold” and an average target price of $73.27.

Several hedge funds have recently made changes to their positions in LULU. IHT Wealth Management LLC raised its stake in Lululemon Athletica by 591.0% in the 2nd 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 raised its stake in Lululemon Athletica by 183.2% in the 3rd quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after purchasing an additional 1,356 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at $156,000. Oakbrook Investments LLC acquired a new position in Lululemon Athletica in the 3rd quarter valued at $202,000. Finally, Mackenzie Financial Corp acquired a new position in Lululemon Athletica in the 3rd quarter valued at $232,000. 79.28% of the stock is owned by institutional investors and hedge funds.

Shares of Lululemon Athletica (LULU) opened at $79.34 on Monday. The company has a market capitalization of $10,740.97, a P/E ratio of 39.47, a P/E/G ratio of 2.44 and a beta of 0.19. Lululemon Athletica has a 52-week low of $47.26 and a 52-week high of $81.92.

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

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Lululemon Athletica Company Profile

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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