Lululemon Athletica (LULU) Scheduled to Post Quarterly Earnings on Thursday

Lululemon Athletica (NASDAQ:LULU) is scheduled to post its quarterly earnings results after the market closes on Thursday, August 29th. Analysts expect Lululemon Athletica to post earnings of $2.96 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $2.54 EPS for the quarter, beating the consensus estimate of $2.38 by $0.16. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.20 billion. Lululemon Athletica had a net margin of 16.09% and a return on equity of 42.64%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $2.28 EPS. On average, analysts expect Lululemon Athletica to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Lululemon Athletica Price Performance

Shares of LULU stock opened at $271.18 on Wednesday. The company has a market capitalization of $33.90 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.25 and a beta of 1.26. Lululemon Athletica has a one year low of $226.01 and a one year high of $516.39. The company’s fifty day moving average price is $275.58 and its 200-day moving average price is $343.83.

Lululemon Athletica announced that its Board of Directors has approved a stock buyback plan on Wednesday, June 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the apparel retailer to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have recently commented on LULU shares. Robert W. Baird decreased their price objective on shares of Lululemon Athletica from $470.00 to $350.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Truist Financial decreased their price objective on shares of Lululemon Athletica from $415.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Sanford C. Bernstein lifted their price target on shares of Lululemon Athletica from $376.00 to $382.00 and gave the company a “market perform” rating in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $357.00 price target on shares of Lululemon Athletica in a report on Thursday, June 13th. Finally, Bank of America lifted their price target on shares of Lululemon Athletica from $430.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $377.45.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.