B. Riley Weighs in on Lululemon Athletica inc.’s Q3 2020 Earnings (NASDAQ:LULU)

Lululemon Athletica inc. (NASDAQ:LULU) – B. Riley increased their Q3 2020 EPS estimates for Lululemon Athletica in a research note issued to investors on Thursday, November 7th. B. Riley analyst S. Anderson now expects that the apparel retailer will post earnings of $0.94 per share for the quarter, up from their previous forecast of $0.93. B. Riley has a “Neutral” rating and a $182.00 price objective on the stock. B. Riley also issued estimates for Lululemon Athletica’s FY2020 earnings at $4.76 EPS, Q1 2021 earnings at $0.86 EPS, Q2 2021 earnings at $1.07 EPS, Q3 2021 earnings at $1.06 EPS and Q4 2021 earnings at $2.36 EPS.

LULU has been the topic of a number of other reports. Susquehanna Bancshares set a $222.00 target price on shares of Lululemon Athletica and gave the stock a “buy” rating in a report on Thursday, September 5th. Morgan Stanley raised their price objective on shares of Lululemon Athletica from $163.00 to $169.00 and gave the company an “equal weight” rating in a report on Friday, September 6th. JPMorgan Chase & Co. raised their price objective on shares of Lululemon Athletica from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Piper Jaffray Companies set a $227.00 price objective on shares of Lululemon Athletica and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Citigroup lowered shares of Lululemon Athletica from a “buy” rating to a “neutral” rating and set a $205.00 price objective on the stock. in a report on Monday, October 28th. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $211.79.

Lululemon Athletica stock traded up $1.31 during mid-day trading on Friday, reaching $204.13. 1,302,500 shares of the company’s stock were exchanged, compared to its average volume of 2,027,649. The company has a market cap of $25.32 billion, a P/E ratio of 53.16, a P/E/G ratio of 2.26 and a beta of 0.67. Lululemon Athletica has a twelve month low of $110.71 and a twelve month high of $209.02. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average of $198.53 and a 200-day moving average of $185.33.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Thursday, September 5th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. The company had revenue of $883.35 million for the quarter, compared to analyst estimates of $845.03 million. Lululemon Athletica had a net margin of 14.93% and a return on equity of 39.54%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS.

A number of institutional investors have recently modified their holdings of the business. Next Capital Management LLC grew its position in Lululemon Athletica by 15.6% during the 2nd quarter. Next Capital Management LLC now owns 437 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 59 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Lululemon Athletica by 35.6% in the second quarter. Commonwealth Bank of Australia now owns 259 shares of the apparel retailer’s stock valued at $45,000 after acquiring an additional 68 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Lululemon Athletica by 70.0% in the third quarter. Golden State Wealth Management LLC now owns 170 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 70 shares in the last quarter. Advantage Investment Management LLC boosted its holdings in shares of Lululemon Athletica by 9.4% in the second quarter. Advantage Investment Management LLC now owns 851 shares of the apparel retailer’s stock valued at $153,000 after acquiring an additional 73 shares in the last quarter. Finally, West Oak Capital LLC boosted its holdings in shares of Lululemon Athletica by 60.0% in the third quarter. West Oak Capital LLC now owns 200 shares of the apparel retailer’s stock valued at $39,000 after acquiring an additional 75 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 46,725 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $195.94, for a total transaction of $9,155,296.50. Following the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at approximately $754,760.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis J. Wilson sold 99,133 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $201.79, for a total transaction of $20,004,048.07. Following the transaction, the director now directly owns 3,852 shares in the company, valued at $777,295.08. The disclosure for this sale can be found here. Insiders sold a total of 420,548 shares of company stock worth $79,395,186 over the last ninety days. Insiders own 0.34% of the company’s stock.

Lululemon Athletica Company Profile

lululemon athletica inc., 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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Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

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