Equities research analysts predict that lululemon athletica inc. (NASDAQ:LULU) will announce earnings per share (EPS) of $0.52 for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for lululemon athletica inc.’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.53. lululemon athletica inc. posted earnings per share of $0.47 during the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The firm is expected to issue its next earnings results on Wednesday, December 6th.
According to Zacks, analysts expect that lululemon athletica inc. will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.36 to $2.80. For the next year, analysts anticipate that the firm will report earnings of $2.72 per share, with EPS estimates ranging from $2.64 to $2.93. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for lululemon athletica inc..
lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $581.10 million for the quarter, compared to analyst estimates of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share.
Several equities analysts have recently issued reports on LULU shares. Vetr raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $63.40 price target on the stock in a research note on Thursday, August 3rd. Zacks Investment Research raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Friday, July 28th. Needham & Company LLC started coverage on lululemon athletica inc. in a research note on Tuesday, July 18th. They set a “buy” rating and a $67.00 price target on the stock. Bank of America Corporation raised lululemon athletica inc. from an “underperform” rating to a “buy” rating and upped their price target for the company from $48.00 to $70.00 in a research note on Monday, August 21st. Finally, Cowen and Company set a $67.00 price target on lululemon athletica inc. and gave the company a “buy” rating in a research note on Monday, August 21st. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. lululemon athletica inc. presently has an average rating of “Hold” and an average target price of $65.67.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its position in shares of lululemon athletica inc. by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 1,182 shares during the last quarter. Exane Derivatives acquired a new stake in shares of lululemon athletica inc. in the second quarter valued at approximately $106,000. Global X Management Co. LLC lifted its position in shares of lululemon athletica inc. by 39.7% in the second quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after buying an additional 719 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of lululemon athletica inc. in the third quarter valued at approximately $156,000. Finally, Oakbrook Investments LLC acquired a new stake in shares of lululemon athletica inc. in the third quarter valued at approximately $202,000. 81.14% of the stock is owned by institutional investors.
lululemon athletica inc. (NASDAQ:LULU) traded down $0.27 during trading on Friday, reaching $64.60. The company’s stock had a trading volume of 1,789,200 shares, compared to its average volume of 2,683,945. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70. The firm has a market capitalization of $8,782.17, a price-to-earnings ratio of 29.76, a P/E/G ratio of 2.25 and a beta of 0.15.
lululemon athletica inc. 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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