Zacks: Brokerages Expect Lululemon Athletica Inc. (NASDAQ:LULU) Will Post Earnings of $1.39 Per Share

Equities analysts expect Lululemon Athletica Inc. (NASDAQ:LULU) to announce $1.39 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Lululemon Athletica’s earnings, with the highest EPS estimate coming in at $1.45 and the lowest estimate coming in at $1.33. Lululemon Athletica posted earnings of $1.16 per share during the same quarter last year, which indicates a positive year over year growth rate of 19.8%. The business is expected to announce its next earnings report after the market closes on Thursday, December 9th.

According to Zacks, analysts expect that Lululemon Athletica will report full-year earnings of $7.51 per share for the current year, with EPS estimates ranging from $7.43 to $7.70. For the next year, analysts anticipate that the business will report earnings of $9.10 per share, with EPS estimates ranging from $8.62 to $9.37. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Tuesday, September 7th. The apparel retailer reported $1.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.46. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.33 billion. Lululemon Athletica had a net margin of 14.96% and a return on equity of 34.16%. The company’s revenue was up 60.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS.

A number of research firms have issued reports on LULU. Deutsche Bank Aktiengesellschaft boosted their price target on Lululemon Athletica from $474.00 to $486.00 and gave the company a “buy” rating in a research note on Wednesday, November 10th. UBS Group increased their price target on shares of Lululemon Athletica from $375.00 to $430.00 and gave the stock a “neutral” rating in a research report on Friday, September 10th. Piper Sandler boosted their price objective on shares of Lululemon Athletica from $446.00 to $481.00 and gave the company an “overweight” rating in a research report on Thursday, September 9th. Argus raised their target price on Lululemon Athletica from $416.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, September 10th. Finally, B. Riley boosted their price target on Lululemon Athletica from $466.00 to $548.00 and gave the company a “buy” rating in a report on Wednesday, November 17th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Buy” and an average price target of $454.88.

Shares of LULU stock traded down $0.90 during trading hours on Thursday, reaching $457.86. The company had a trading volume of 633,606 shares, compared to its average volume of 1,117,621. The firm has a market cap of $59.44 billion, a PE ratio of 72.45, a price-to-earnings-growth ratio of 3.15 and a beta of 1.30. Lululemon Athletica has a one year low of $269.28 and a one year high of $485.83. The business has a fifty day moving average price of $433.60 and a 200-day moving average price of $391.97.

In related news, insider Michelle Sun Choe sold 21,223 shares of the firm’s stock in a transaction on Thursday, September 9th. The stock was sold at an average price of $424.75, for a total value of $9,014,469.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathryn Henry sold 250 shares of the firm’s stock in a transaction dated Friday, September 24th. The stock was sold at an average price of $432.41, for a total transaction of $108,102.50. The disclosure for this sale can be found here. Insiders sold 31,723 shares of company stock worth $13,501,272 over the last quarter. 0.39% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of LULU. TCW Group Inc. bought a new position in Lululemon Athletica during the 2nd quarter worth about $18,652,000. Wills Financial Group Inc. purchased a new stake in shares of Lululemon Athletica in the 2nd quarter worth approximately $225,000. Worldquant Millennium Advisors LLC boosted its stake in shares of Lululemon Athletica by 35.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 42,133 shares of the apparel retailer’s stock valued at $15,377,000 after purchasing an additional 11,103 shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings in Lululemon Athletica by 98,675.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 7,902 shares of the apparel retailer’s stock valued at $2,884,000 after buying an additional 7,894 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in Lululemon Athletica by 4.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 84,976 shares of the apparel retailer’s stock valued at $31,014,000 after buying an additional 4,002 shares during the period. 79.98% of the stock is owned by hedge funds and other institutional investors.

About Lululemon Athletica

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

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

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