Zacks: Analysts Anticipate Lululemon Athletica inc. (LULU) Will Announce Earnings of $1.74 Per Share

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Equities research analysts forecast that Lululemon Athletica inc. (NASDAQ:LULU) will announce $1.74 earnings per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Lululemon Athletica’s earnings. The lowest EPS estimate is $1.73 and the highest is $1.75. Lululemon Athletica reported earnings of $1.33 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 30.8%. The company is expected to report its next quarterly earnings report after the market closes on Tuesday, March 26th.

According to Zacks, analysts expect that Lululemon Athletica will report full year earnings of $3.78 per share for the current financial year, with EPS estimates ranging from $3.67 to $4.35. For the next year, analysts expect that the firm will report earnings of $4.40 per share, with EPS estimates ranging from $4.26 to $4.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lululemon Athletica.

Several brokerages have weighed in on LULU. Canaccord Genuity set a $161.00 price objective on Lululemon Athletica and gave the stock a “buy” rating in a report on Saturday, December 8th. Royal Bank of Canada dropped their price objective on Lululemon Athletica to $165.00 and set an “outperform” rating for the company in a report on Friday, December 7th. Buckingham Research raised Lululemon Athletica from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. BidaskClub raised Lululemon Athletica from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 22nd. Finally, Morgan Stanley boosted their price objective on Lululemon Athletica from $133.00 to $138.00 and gave the stock an “equal weight” rating in a report on Friday, December 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $160.94.

In related news, major shareholder Dennis J. Wilson sold 444,389 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $140.39, for a total value of $62,387,771.71. Following the completion of the transaction, the insider now directly owns 3,852 shares in the company, valued at approximately $540,782.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dennis J. Wilson sold 244,539 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $149.83, for a total value of $36,639,278.37. Following the completion of the transaction, the insider now owns 3,852 shares of the company’s stock, valued at $577,145.16. The disclosure for this sale can be found here. Insiders sold a total of 2,914,928 shares of company stock valued at $414,622,960 over the last quarter. 0.32% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of LULU. Alps Advisors Inc. acquired a new position in Lululemon Athletica during the 3rd quarter worth approximately $208,000. Robeco Institutional Asset Management B.V. boosted its position in Lululemon Athletica by 110.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 534,411 shares of the apparel retailer’s stock worth $86,840,000 after acquiring an additional 281,035 shares during the last quarter. Victory Capital Management Inc. boosted its position in Lululemon Athletica by 0.4% during the 3rd quarter. Victory Capital Management Inc. now owns 138,777 shares of the apparel retailer’s stock worth $22,549,000 after acquiring an additional 583 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Lululemon Athletica during the 3rd quarter worth approximately $196,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Lululemon Athletica by 184.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,787 shares of the apparel retailer’s stock worth $1,590,000 after acquiring an additional 6,345 shares during the last quarter. Institutional investors and hedge funds own 78.47% of the company’s stock.

Shares of NASDAQ:LULU opened at $144.18 on Friday. The firm has a market capitalization of $19.07 billion, a PE ratio of 55.67, a PEG ratio of 1.72 and a beta of 0.51. Lululemon Athletica has a 52 week low of $77.97 and a 52 week high of $164.79.

About Lululemon Athletica

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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