Wall Street brokerages expect Lululemon Athletica inc. (NASDAQ:LULU) to announce sales of $733.17 million for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Lululemon Athletica’s earnings, with the highest sales estimate coming in at $743.98 million and the lowest estimate coming in at $724.08 million. Lululemon Athletica reported sales of $619.02 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.4%. The firm is expected to report its next earnings report on Wednesday, December 5th.
According to Zacks, analysts expect that Lululemon Athletica will report full-year sales of $3.23 billion for the current fiscal year, with estimates ranging from $3.20 billion to $3.25 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.67 billion, with estimates ranging from $3.58 billion to $3.80 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Lululemon Athletica.
Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.22. The company had revenue of $723.50 million for the quarter, compared to analysts’ expectations of $669.14 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. During the same period last year, the firm posted $0.39 EPS.
A number of equities analysts recently weighed in on the company. Citigroup raised their price objective on Lululemon Athletica from $117.00 to $137.00 and gave the company a “buy” rating in a report on Tuesday, June 26th. BidaskClub cut Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Oppenheimer raised their price objective on Lululemon Athletica from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, July 9th. UBS Group began coverage on Lululemon Athletica in a report on Thursday, June 21st. They set a “neutral” rating and a $130.00 price objective on the stock. Finally, Wedbush lifted their price target on Lululemon Athletica from $110.00 to $176.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 2nd. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Lululemon Athletica has a consensus rating of “Buy” and an average target price of $153.48.
Institutional investors and hedge funds have recently bought and sold shares of the company. Hartford Investment Management Co. purchased a new position in shares of Lululemon Athletica during the second quarter valued at approximately $404,000. Oppenheimer & Co. Inc. increased its stake in shares of Lululemon Athletica by 22.1% during the second quarter. Oppenheimer & Co. Inc. now owns 3,792 shares of the apparel retailer’s stock valued at $473,000 after buying an additional 686 shares during the period. American Century Companies Inc. purchased a new position in shares of Lululemon Athletica during the second quarter valued at approximately $39,236,000. Cornerstone Wealth Management LLC purchased a new position in shares of Lululemon Athletica during the second quarter valued at approximately $198,000. Finally, Korea Investment CORP increased its stake in shares of Lululemon Athletica by 6.6% during the second quarter. Korea Investment CORP now owns 467,370 shares of the apparel retailer’s stock valued at $58,351,000 after buying an additional 29,000 shares during the period. 79.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ LULU traded up $3.20 during trading hours on Friday, reaching $143.71. 3,287,330 shares of the stock traded hands, compared to its average volume of 1,996,735. The stock has a market cap of $21.51 billion, a price-to-earnings ratio of 55.49, a P/E/G ratio of 2.37 and a beta of 0.10. Lululemon Athletica has a 52-week low of $57.40 and a 52-week 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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