Brokerages Anticipate Lululemon Athletica inc. (LULU) Will Announce Earnings of $1.27 Per Share

Analysts expect that Lululemon Athletica inc. (NASDAQ:LULU) will report $1.27 earnings per share for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Lululemon Athletica’s earnings. The highest EPS estimate is $1.29 and the lowest is $1.25. Lululemon Athletica posted earnings per share of $1.00 during the same quarter last year, which indicates a positive year over year growth rate of 27%. The company is scheduled to issue its next earnings results on Wednesday, April 4th.

According to Zacks, analysts expect that Lululemon Athletica will report full-year earnings of $2.53 per share for the current fiscal year, with EPS estimates ranging from $2.51 to $2.55. For the next financial year, analysts anticipate that the business will report earnings of $3.01 per share, with EPS estimates ranging from $2.84 to $3.22. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The company had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. During the same period in the previous year, the company earned $0.50 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year.

LULU has been the subject of a number of research reports. Citigroup raised shares of Lululemon Athletica from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $61.50 to $60.09 in a research report on Friday, October 20th. Cowen reaffirmed a “buy” rating and set a $68.00 price target on shares of Lululemon Athletica in a research report on Friday, November 3rd. SunTrust Banks set a $69.00 price target on shares of Lululemon Athletica and gave the stock a “buy” rating in a research report on Monday, October 16th. Needham & Company LLC set a $69.00 price target on shares of Lululemon Athletica and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $72.00 price target on shares of Lululemon Athletica in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Lululemon Athletica has an average rating of “Hold” and an average price target of $73.27.

Large investors have recently made changes to their positions in the business. IHT Wealth Management LLC increased its stake in shares of Lululemon Athletica by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after purchasing an additional 1,182 shares during the period. Zions Bancorporation increased its stake in shares of Lululemon Athletica by 183.2% in the third quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after purchasing an additional 1,356 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $156,000. Oakbrook Investments LLC acquired a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $202,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $232,000. Institutional investors own 79.28% of the company’s stock.

Shares of Lululemon Athletica (NASDAQ LULU) traded up $0.74 during midday trading on Friday, hitting $79.70. 822,529 shares of the stock traded hands, compared to its average volume of 1,506,735. Lululemon Athletica has a one year low of $47.26 and a one year high of $81.92. The stock has a market cap of $10,790.00, a PE ratio of 39.65, a PEG ratio of 2.44 and a beta of 0.19.

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

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About Lululemon Athletica

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.

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Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

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