$2.25 EPS Expected for Lululemon Athletica inc. (NASDAQ:LULU) This Quarter

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Equities analysts expect that Lululemon Athletica inc. (NASDAQ:LULU) will post $2.25 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Lululemon Athletica’s earnings. The lowest EPS estimate is $2.23 and the highest is $2.26. Lululemon Athletica posted earnings per share of $1.85 during the same quarter last year, which suggests a positive year over year growth rate of 21.6%. The business is expected to report its next quarterly earnings report on Wednesday, March 25th.

On average, analysts expect that Lululemon Athletica will report full-year earnings of $4.96 per share for the current financial year, with EPS estimates ranging from $4.78 to $5.85. For the next year, analysts forecast that the company will report earnings of $5.75 per share, with EPS estimates ranging from $5.57 to $5.90. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, December 11th. The apparel retailer reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.03. Lululemon Athletica had a net margin of 15.10% and a return on equity of 39.71%. The business had revenue of $916.00 million during the quarter, compared to the consensus estimate of $897.58 million. During the same period last year, the business posted $0.75 EPS. Lululemon Athletica’s revenue was up 22.5% on a year-over-year basis.

Several equities research analysts have weighed in on LULU shares. Barclays started coverage on shares of Lululemon Athletica in a research note on Monday, November 25th. They issued an “overweight” rating and a $257.00 price target for the company. Credit Suisse Group upped their price target on shares of Lululemon Athletica from $235.00 to $250.00 in a research note on Thursday, December 12th. Morgan Stanley upped their price target on shares of Lululemon Athletica from $169.00 to $214.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Guggenheim upped their price target on shares of Lululemon Athletica from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Deutsche Bank upped their price target on shares of Lululemon Athletica from $216.00 to $247.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Fourteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $238.41.

Shares of NASDAQ:LULU opened at $244.29 on Friday. Lululemon Athletica has a 52-week low of $141.01 and a 52-week high of $247.51. The company has a market capitalization of $31.83 billion, a P/E ratio of 56.68, a price-to-earnings-growth ratio of 2.80 and a beta of 0.68. The company has a 50-day simple moving average of $232.91 and a 200 day simple moving average of $205.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 2.53.

In other news, Director David M. Mussafer sold 4,673 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $217.00, for a total value of $1,014,041.00. Following the completion of the sale, the director now directly owns 18,947 shares of the company’s stock, valued at approximately $4,111,499. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Stuart Haselden sold 27,451 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $232.78, for a total transaction of $6,390,043.78. Following the completion of the sale, the chief operating officer now directly owns 15,247 shares of the company’s stock, valued at $3,549,196.66. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Large investors have recently bought and sold shares of the company. Carroll Financial Associates Inc. lifted its position in shares of Lululemon Athletica by 70.3% in the 3rd quarter. Carroll Financial Associates Inc. now owns 1,172 shares of the apparel retailer’s stock worth $225,000 after purchasing an additional 484 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of Lululemon Athletica by 1.7% in the 3rd quarter. Pictet Asset Management Ltd. now owns 168,909 shares of the apparel retailer’s stock worth $32,520,000 after acquiring an additional 2,800 shares in the last quarter. Vigilant Capital Management LLC bought a new position in shares of Lululemon Athletica in the 4th quarter worth about $46,000. Sigma Planning Corp increased its stake in shares of Lululemon Athletica by 47.1% in the 3rd quarter. Sigma Planning Corp now owns 4,329 shares of the apparel retailer’s stock worth $833,000 after acquiring an additional 1,387 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Lululemon Athletica by 369.7% in the 3rd quarter. Voya Investment Management LLC now owns 153,617 shares of the apparel retailer’s stock worth $29,576,000 after acquiring an additional 120,911 shares in the last quarter. 79.66% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

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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