Analysts Anticipate lululemon athletica inc. (NASDAQ:LULU) to Post $0.35 Earnings Per Share

Equities research analysts forecast that lululemon athletica inc. (NASDAQ:LULU) will report earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for lululemon athletica inc.’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.40. lululemon athletica inc. reported earnings of $0.38 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.9%. The company is expected to report its next quarterly earnings report on Thursday, September 7th.

On average, analysts expect that lululemon athletica inc. will report full-year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.29 to $2.38. For the next year, analysts expect that the business will post earnings of $2.67 per share, with EPS estimates ranging from $2.52 to $2.86. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover lululemon athletica inc..

lululemon athletica inc. (NASDAQ:LULU) last announced its earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The business had revenue of $520.30 million for the quarter, compared to the consensus estimate of $513.99 million. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS.

LULU has been the subject of several research analyst reports. Vetr raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $53.94 price objective for the company in a research report on Monday, May 1st. Cowen and Company set a $64.00 price objective on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Thursday, April 20th. Stifel Nicolaus raised lululemon athletica inc. from a “hold” rating to a “buy” rating in a research report on Tuesday, April 18th. Barclays PLC set a $85.00 price objective on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Finally, Oppenheimer Holdings, Inc. set a $65.00 price objective on lululemon athletica inc. and gave the stock a “buy” rating in a research report on Saturday, June 3rd. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-one have issued a buy rating to the stock. lululemon athletica inc. presently has a consensus rating of “Hold” and a consensus target price of $64.80.

In other news, Director Glenn Murphy bought 97,728 shares of the stock in a transaction on Monday, June 26th. The stock was purchased at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the acquisition, the director now owns 100,344 shares in the company, valued at $5,569,092. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in LULU. Vanguard Group Inc. increased its stake in shares of lululemon athletica inc. by 3.7% in the first quarter. Vanguard Group Inc. now owns 7,617,031 shares of the apparel retailer’s stock valued at $395,095,000 after buying an additional 269,847 shares during the last quarter. BlackRock Inc. increased its stake in shares of lululemon athletica inc. by 4,791.0% in the first quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock valued at $266,888,000 after buying an additional 5,040,109 shares during the last quarter. State Street Corp increased its stake in shares of lululemon athletica inc. by 3.2% in the first quarter. State Street Corp now owns 2,096,308 shares of the apparel retailer’s stock valued at $108,737,000 after buying an additional 65,889 shares during the last quarter. HS Management Partners LLC increased its stake in shares of lululemon athletica inc. by 17.9% in the first quarter. HS Management Partners LLC now owns 2,034,286 shares of the apparel retailer’s stock valued at $105,518,000 after buying an additional 309,212 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in shares of lululemon athletica inc. by 163.9% in the first quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock valued at $91,706,000 after buying an additional 1,098,057 shares during the last quarter. Institutional investors own 80.15% of the company’s stock.

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Shares of lululemon athletica inc. (LULU) traded up 0.03% during midday trading on Tuesday, hitting $62.53. The company had a trading volume of 1,386,241 shares. The company’s 50 day moving average is $58.80 and its 200 day moving average is $58.53. lululemon athletica inc. has a one year low of $47.26 and a one year high of $81.81. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of 29.62 and a beta of 0.25.

About lululemon athletica inc.

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 inc. (NASDAQ:LULU)

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