Lululemon Athletica inc. (NASDAQ:LULU) – Investment analysts at SunTrust Banks issued their Q1 2019 earnings per share estimates for Lululemon Athletica in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst P. Quintiliano forecasts that the apparel retailer will post earnings per share of $0.44 for the quarter. SunTrust Banks has a “Buy” rating and a $95.00 price objective on the stock. SunTrust Banks also issued estimates for Lululemon Athletica’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.63 EPS and Q4 2019 earnings at $1.50 EPS.
Other research analysts have also issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $71.00 price objective (up previously from $69.00) on shares of Lululemon Athletica in a report on Friday, December 1st. Cowen reiterated a “buy” rating and issued a $68.00 price objective on shares of Lululemon Athletica in a report on Friday, November 3rd. Citigroup upgraded shares of Lululemon Athletica from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $61.50 to $60.09 in a report on Friday, October 20th. Susquehanna Bancshares reiterated a “buy” rating and issued a $85.00 price objective (up previously from $71.00) on shares of Lululemon Athletica in a report on Thursday, December 7th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $77.00 price objective on shares of Lululemon Athletica in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.95.
Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The company 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 company posted $0.50 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year.
Several large investors have recently added to or reduced their stakes in LULU. IHT Wealth Management LLC increased its stake in shares of 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 acquiring an additional 1,182 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Lululemon Athletica by 702.6% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,525 shares of the apparel retailer’s stock valued at $120,000 after acquiring an additional 1,335 shares in the last quarter. Zions Bancorporation increased its stake in shares of 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 acquiring an additional 1,356 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Lululemon Athletica in the 3rd quarter valued at $156,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Lululemon Athletica in the 4th quarter valued at $171,000. Institutional investors own 79.70% of the company’s stock.
Lululemon Athletica announced that its board has authorized a stock repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the apparel retailer to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
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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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