Piper Sandler Weighs in on Lululemon Athletica inc.’s Q1 2021 Earnings (NASDAQ:LULU)

Lululemon Athletica inc. (NASDAQ:LULU) – Equities research analysts at Piper Sandler lowered their Q1 2021 EPS estimates for shares of Lululemon Athletica in a report released on Monday, March 23rd. Piper Sandler analyst E. Murphy now expects that the apparel retailer will post earnings per share of ($0.05) for the quarter, down from their prior forecast of $0.83. Piper Sandler currently has a “Overweight” rating and a $247.00 price target on the stock. Piper Sandler also issued estimates for Lululemon Athletica’s Q2 2021 earnings at $0.49 EPS, Q3 2021 earnings at $1.20 EPS, Q4 2021 earnings at $2.75 EPS, FY2021 earnings at $4.36 EPS, Q1 2022 earnings at $0.14 EPS, Q2 2022 earnings at $0.73 EPS, Q3 2022 earnings at $1.41 EPS, Q4 2022 earnings at $3.23 EPS and FY2022 earnings at $5.50 EPS.

Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Thursday, March 26th. The apparel retailer reported $2.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.25 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Lululemon Athletica had a return on equity of 39.71% and a net margin of 15.10%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 earnings per share.

Several other analysts have also recently weighed in on LULU. Wells Fargo & Co reduced their price target on Lululemon Athletica from $270.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. B. Riley reduced their price target on Lululemon Athletica from $229.00 to $204.00 and set a “neutral” rating on the stock in a report on Thursday. Oppenheimer restated a “buy” rating and set a $296.00 price target on shares of Lululemon Athletica in a report on Friday, February 21st. Cowen reduced their price target on Lululemon Athletica from $265.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, March 12th. Finally, MKM Partners boosted their price target on Lululemon Athletica from $255.00 to $258.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Lululemon Athletica presently has a consensus rating of “Buy” and a consensus price target of $233.68.

NASDAQ:LULU opened at $200.80 on Thursday. The stock has a market cap of $25.11 billion, a P/E ratio of 46.59, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average is $217.75 and its 200-day moving average is $216.93. Lululemon Athletica has a 1-year low of $128.85 and a 1-year high of $266.20.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in Lululemon Athletica by 10.8% in the fourth quarter. Quadrant Capital Group LLC now owns 473 shares of the apparel retailer’s stock valued at $107,000 after buying an additional 46 shares during the period. Wesbanco Bank Inc. lifted its stake in Lululemon Athletica by 4.4% in the fourth quarter. Wesbanco Bank Inc. now owns 1,175 shares of the apparel retailer’s stock valued at $272,000 after buying an additional 50 shares during the period. Beck Capital Management LLC lifted its stake in Lululemon Athletica by 2.4% in the fourth quarter. Beck Capital Management LLC now owns 2,315 shares of the apparel retailer’s stock valued at $536,000 after buying an additional 54 shares during the period. Apriem Advisors lifted its stake in Lululemon Athletica by 5.2% in the fourth quarter. Apriem Advisors now owns 1,105 shares of the apparel retailer’s stock valued at $256,000 after buying an additional 55 shares during the period. Finally, Dakota Wealth Management lifted its stake in Lululemon Athletica by 2.7% in the fourth quarter. Dakota Wealth Management now owns 2,232 shares of the apparel retailer’s stock valued at $517,000 after buying an additional 58 shares during the period. 80.64% of the stock is currently owned by hedge funds and other institutional investors.

In other Lululemon Athletica news, Director Dennis J. Wilson sold 37,030 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $213.32, for a total value of $7,899,239.60. Following the transaction, the director now directly owns 3,852 shares of the company’s stock, valued at $821,708.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Stuart Haselden sold 27,451 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $232.78, for a total value of $6,390,043.78. Following the completion of the transaction, the chief operating officer now directly owns 15,247 shares in the company, valued at $3,549,196.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 273,514 shares of company stock worth $47,186,413. Insiders own 0.34% of the company’s stock.

About Lululemon Athletica

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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