Analysts Expect Lululemon Athletica inc. (LULU) to Announce $0.68 Earnings Per Share

Wall Street brokerages predict that Lululemon Athletica inc. (NASDAQ:LULU) will report earnings of $0.68 per share for the current fiscal quarter, Zacks reports. Thirteen analysts have provided estimates for Lululemon Athletica’s earnings, with estimates ranging from $0.67 to $0.75. Lululemon Athletica posted earnings per share of $0.56 in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.4%. The company is expected to report its next quarterly earnings results on Wednesday, December 5th.

According to Zacks, analysts expect that Lululemon Athletica will report full year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.53 to $3.66. For the next financial year, analysts forecast that the firm will report earnings of $4.21 per share, with EPS estimates ranging from $4.00 to $4.51. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.71 EPS for the quarter, beating the consensus estimate of $0.49 by $0.22. The firm had revenue of $723.50 million during the quarter, compared to the consensus estimate of $669.14 million. Lululemon Athletica had a net margin of 11.97% and a return on equity of 28.67%. During the same period in the prior year, the firm posted $0.39 earnings per share.

Several equities analysts recently issued reports on LULU shares. Royal Bank of Canada boosted their price target on shares of Lululemon Athletica from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. ValuEngine cut shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Saturday, July 28th. Bank of America boosted their price target on shares of Lululemon Athletica from $121.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 6th. Morgan Stanley boosted their price target on shares of Lululemon Athletica from $108.00 to $133.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 4th. Finally, Wells Fargo & Co set a $144.00 price target on shares of Lululemon Athletica and gave the company a “hold” rating in a research report on Friday, August 31st. They noted that the move was a valuation call. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $153.48.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. ARP Americas LP grew its holdings in Lululemon Athletica by 3.4% in the second quarter. ARP Americas LP now owns 12,059 shares of the apparel retailer’s stock worth $1,506,000 after purchasing an additional 400 shares during the period. Mycio Wealth Partners LLC grew its holdings in shares of Lululemon Athletica by 16.9% during the second quarter. Mycio Wealth Partners LLC now owns 3,460 shares of the apparel retailer’s stock valued at $432,000 after buying an additional 500 shares during the last quarter. First Republic Investment Management Inc. grew its holdings in shares of Lululemon Athletica by 17.7% during the first quarter. First Republic Investment Management Inc. now owns 3,665 shares of the apparel retailer’s stock valued at $326,000 after buying an additional 550 shares during the last quarter. Zacks Investment Management grew its holdings in shares of Lululemon Athletica by 4.4% during the second quarter. Zacks Investment Management now owns 13,803 shares of the apparel retailer’s stock valued at $1,723,000 after buying an additional 581 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its holdings in shares of Lululemon Athletica by 8.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 7,729 shares of the apparel retailer’s stock valued at $965,000 after buying an additional 584 shares during the last quarter. Institutional investors and hedge funds own 79.57% of the company’s stock.

Shares of NASDAQ:LULU traded down $0.07 during midday trading on Thursday, hitting $150.71. 223,531 shares of the stock traded hands, compared to its average volume of 1,987,151. The company has a market cap of $21.51 billion, a price-to-earnings ratio of 58.19, a price-to-earnings-growth ratio of 2.37 and a beta of 0.10. Lululemon Athletica has a one year low of $57.40 and a one year high of $164.79.

About Lululemon Athletica

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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