Lululemon Athletica inc. (NASDAQ:LULU) – Research analysts at William Blair boosted their Q1 2019 EPS estimates for shares of Lululemon Athletica in a research note issued on Monday. William Blair analyst S. Zackfia now anticipates that the apparel retailer will post earnings per share of $0.43 for the quarter, up from their prior estimate of $0.41. William Blair also issued estimates for Lululemon Athletica’s Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $1.50 EPS, FY2019 earnings at $3.07 EPS and FY2020 earnings at $3.47 EPS.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $619.00 million for the quarter, compared to the consensus estimate of $610.56 million. During the same period last year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis.
Shares of Lululemon Athletica (NASDAQ:LULU) traded up $2.60 during midday trading on Wednesday, hitting $81.22. The company had a trading volume of 1,956,817 shares, compared to its average volume of 1,503,529. The stock has a market capitalization of $10,640.00, a price-to-earnings ratio of 40.89, a price-to-earnings-growth ratio of 1.99 and a beta of 0.26. Lululemon Athletica has a 12-month low of $47.26 and a 12-month high of $82.36.
A number of hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. boosted its holdings in Lululemon Athletica by 1,359.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 44,512 shares of the apparel retailer’s stock worth $3,498,000 after buying an additional 41,462 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Lululemon Athletica by 25.8% during the fourth quarter. California Public Employees Retirement System now owns 272,773 shares of the apparel retailer’s stock worth $21,437,000 after buying an additional 55,891 shares in the last quarter. Bedell Frazier Investment Counseling LLC purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $5,411,000. Teacher Retirement System of Texas purchased a new stake in shares of Lululemon Athletica in the fourth quarter valued at about $2,189,000. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Lululemon Athletica by 20.2% in the fourth quarter. Stephens Investment Management Group LLC now owns 379,523 shares of the apparel retailer’s stock valued at $29,827,000 after purchasing an additional 63,787 shares in the last quarter. 79.70% of the stock is currently owned by hedge funds and other institutional investors.
Lululemon Athletica announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are 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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