Analysts predict that Lululemon Athletica inc. (NASDAQ:LULU) will post $1.67 earnings per share (EPS) for the current quarter, Zacks reports. Twelve analysts have made estimates for Lululemon Athletica’s earnings. The lowest EPS estimate is $1.59 and the highest is $1.76. Lululemon Athletica reported earnings per share of $1.33 during the same quarter last year, which suggests a positive year-over-year growth rate of 25.6%. The company is expected to issue its next quarterly earnings results on Tuesday, March 26th.
According to Zacks, analysts expect that Lululemon Athletica will report full-year earnings of $3.66 per share for the current year, with EPS estimates ranging from $3.53 to $3.73. For the next financial year, analysts forecast that the business will post earnings of $4.30 per share, with EPS estimates ranging from $4.00 to $4.58. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Lululemon Athletica.
Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Thursday, December 6th. The apparel retailer reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.06. The company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $736.10 million. Lululemon Athletica had a return on equity of 29.73% and a net margin of 12.63%. Lululemon Athletica’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share.
LULU has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on Lululemon Athletica from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. ValuEngine downgraded Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 21st. Morgan Stanley boosted their target price on Lululemon Athletica from $108.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 4th. CIBC boosted their target price on Lululemon Athletica from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, September 27th. Finally, Wells Fargo & Co set a $144.00 target price on Lululemon Athletica and gave the stock a “hold” rating in a research report on Friday, August 31st. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $157.67.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its position in Lululemon Athletica by 18.0% during the third quarter. Marshall Wace LLP now owns 192,800 shares of the apparel retailer’s stock worth $31,328,000 after buying an additional 29,370 shares during the period. Vanguard Group Inc. lifted its position in Lululemon Athletica by 10.6% during the third quarter. Vanguard Group Inc. now owns 9,411,318 shares of the apparel retailer’s stock worth $1,529,244,000 after buying an additional 899,080 shares during the period. Morgan Stanley lifted its position in Lululemon Athletica by 11.4% during the third quarter. Morgan Stanley now owns 758,152 shares of the apparel retailer’s stock worth $123,192,000 after buying an additional 77,767 shares during the period. Legal & General Group Plc lifted its position in Lululemon Athletica by 0.7% during the third quarter. Legal & General Group Plc now owns 414,965 shares of the apparel retailer’s stock worth $67,427,000 after buying an additional 2,683 shares during the period. Finally, Nordea Investment Management AB lifted its position in Lululemon Athletica by 36.1% during the third quarter. Nordea Investment Management AB now owns 4,243 shares of the apparel retailer’s stock worth $689,000 after buying an additional 1,125 shares during the period. Hedge funds and other institutional investors own 79.24% of the company’s stock.
LULU traded down $17.57 during trading on Friday, reaching $113.87. 8,045,949 shares of the stock were exchanged, compared to its average volume of 2,213,774. The company has a market cap of $17.40 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 1.90 and a beta of 0.37. Lululemon Athletica has a 1 year low of $72.13 and a 1 year high of $164.79.
Lululemon Athletica Company Profile
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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