FY2019 EPS Estimates for Lululemon Athletica inc. (LULU) Lifted by SunTrust Banks

Lululemon Athletica inc. (NASDAQ:LULU) – Research analysts at SunTrust Banks raised their FY2019 EPS estimates for shares of Lululemon Athletica in a research report issued to clients and investors on Friday. SunTrust Banks analyst P. Quintiliano now expects that the apparel retailer will earn $3.03 per share for the year, up from their previous estimate of $2.96. SunTrust Banks has a “Buy” rating and a $95.00 price target on the stock. SunTrust Banks also issued estimates for Lululemon Athletica’s FY2020 earnings at $3.44 EPS.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating the 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 business had revenue of $619.00 million during the quarter, compared to analyst estimates of $610.56 million. During the same period in the prior year, the company earned $0.50 earnings per share. Lululemon Athletica’s revenue was up 13.7% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on the company. Cowen restated a “buy” rating and set a $68.00 target price on shares of Lululemon Athletica in a research report on Friday, November 3rd. Citigroup upgraded Lululemon Athletica from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $61.50 to $60.09 in a research report on Friday, October 20th. Zacks Investment Research downgraded Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Stifel Nicolaus restated a “hold” rating on shares of Lululemon Athletica in a research report on Tuesday, January 9th. Finally, BidaskClub upgraded Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 27th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $73.59.

Lululemon Athletica (LULU) traded up $0.13 during trading hours on Monday, hitting $77.54. The company’s stock had a trading volume of 2,914,740 shares, compared to its average volume of 1,382,289. The stock has a market capitalization of $10,510.00, a P/E ratio of 38.61, a P/E/G ratio of 2.03 and a beta of 0.26. Lululemon Athletica has a 12-month low of $47.26 and a 12-month high of $81.92.

Lululemon Athletica announced that its board has authorized a share buyback plan on Wednesday, December 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the apparel retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Several hedge funds have recently modified their holdings of LULU. Stephens Investment Management Group LLC raised its position in Lululemon Athletica by 20.2% during 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. Harel Insurance Investments & Financial Services Ltd. raised its position in Lululemon Athletica by 702.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,525 shares of the apparel retailer’s stock valued at $120,000 after purchasing an additional 1,335 shares in the last quarter. Victory Capital Management Inc. raised its position in Lululemon Athletica by 5.9% during the fourth quarter. Victory Capital Management Inc. now owns 317,402 shares of the apparel retailer’s stock valued at $24,945,000 after purchasing an additional 17,755 shares in the last quarter. CIBC World Markets Inc. raised its position in Lululemon Athletica by 55.6% during the fourth quarter. CIBC World Markets Inc. now owns 15,411 shares of the apparel retailer’s stock valued at $1,211,000 after purchasing an additional 5,507 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in Lululemon Athletica by 213.4% during the fourth quarter. Engineers Gate Manager LP now owns 43,449 shares of the apparel retailer’s stock valued at $3,415,000 after purchasing an additional 29,587 shares in the last quarter. Institutional investors own 79.70% of the company’s stock.

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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)

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