Brokers Issue Forecasts for Lululemon Athletica inc.’s Q1 2019 Earnings (LULU)

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.

LULU has been the subject of a number of other research reports. Needham & Company LLC restated a “buy” rating and set a $71.00 target price (up previously from $69.00) on shares of Lululemon Athletica in a report on Friday, December 1st. Citigroup raised shares of Lululemon Athletica from a “neutral” rating to a “buy” rating and lowered their price target for the company from $61.50 to $60.09 in a report on Friday, October 20th. SunTrust Banks set a $69.00 price target on shares of Lululemon Athletica and gave the company a “buy” rating in a report on Monday, October 16th. Cowen reissued a “buy” rating and set a $68.00 target price on shares of Lululemon Athletica in a research note on Friday, November 3rd. Finally, Susquehanna Bancshares reissued a “buy” rating and set a $85.00 target price (up from $71.00) on shares of Lululemon Athletica in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $73.95.

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.

TRADEMARK VIOLATION WARNING: “Brokers Issue Forecasts for Lululemon Athletica inc.’s Q1 2019 Earnings (LULU)” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/02/07/brokers-issue-forecasts-for-lululemon-athletica-inc-s-q1-2019-earnings-lulu.html.

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.

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

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply