lululemon athletica inc. (LULU) Forecasted to Earn FY2018 Earnings of $2.40 Per Share
lululemon athletica inc. (NASDAQ:LULU) – Stock analysts at Oppenheimer Holdings boosted their FY2018 EPS estimates for shares of lululemon athletica inc. in a note issued to investors on Thursday. Oppenheimer Holdings analyst A. Andreeva now anticipates that the apparel retailer will post earnings per share of $2.40 for the year, up from their prior estimate of $2.37. Oppenheimer Holdings currently has a “Outperform” rating and a $68.00 target price on the stock. Oppenheimer Holdings also issued estimates for lululemon athletica inc.’s Q1 2019 earnings at $0.34 EPS, Q2 2019 earnings at $0.42 EPS, Q4 2019 earnings at $1.37 EPS and FY2019 earnings at $2.70 EPS.
lululemon athletica inc. (NASDAQ:LULU) last released its quarterly earnings data on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. During the same quarter in the previous year, the company posted $0.38 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “lululemon athletica inc. (LULU) Forecasted to Earn FY2018 Earnings of $2.40 Per Share” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://theolympiareport.com/2017/09/06/lululemon-athletica-inc-lulu-forecasted-to-earn-fy2018-earnings-of-2-40-per-share.html.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Wednesday. Susquehanna Bancshares Inc raised lululemon athletica inc. from a “neutral” rating to a “positive” rating and set a $64.00 target price for the company in a report on Tuesday. UBS AG raised lululemon athletica inc. from a “neutral” rating to a “positive” rating in a report on Tuesday. Deutsche Bank AG reissued a “hold” rating and set a $59.00 target price on shares of lululemon athletica inc. in a report on Friday, September 1st. Finally, Buckingham Research reissued a “neutral” rating and set a $55.00 target price on shares of lululemon athletica inc. in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $65.68.
lululemon athletica inc. (NASDAQ LULU) traded down 1.25% during mid-day trading on Monday, reaching $60.79. The company’s stock had a trading volume of 777,050 shares. The firm’s 50 day moving average is $60.55 and its 200-day moving average is $57.24. The company has a market cap of $8.31 billion, a PE ratio of 28.80 and a beta of 0.22. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $72.70. lululemon athletica inc. also was the target of some unusual options trading on Tuesday. Investors bought 14,992 put options on the company. This is an increase of approximately 147% compared to the average daily volume of 6,070 put options.
Institutional investors and hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC raised its holdings in lululemon athletica inc. by 591.0% in the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after acquiring an additional 1,182 shares during the last quarter. Exane Derivatives acquired a new position in lululemon athletica inc. in the 2nd quarter valued at $106,000. Mn Services Vermogensbeheer B.V. raised its holdings in lululemon athletica inc. by 4.3% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock valued at $142,000 after acquiring an additional 121 shares during the last quarter. Global X Management Co. LLC raised its holdings in lululemon athletica inc. by 39.7% in the 2nd quarter. Global X Management Co. LLC now owns 2,532 shares of the apparel retailer’s stock valued at $151,000 after acquiring an additional 719 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in lululemon athletica inc. by 40.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 79.58% of the company’s stock.
In related news, Director Glenn Murphy bought 97,728 shares of lululemon athletica inc. stock in a transaction that occurred on Monday, June 26th. The shares were purchased at an average price of $55.50 per share, with a total value of $5,423,904.00. Following the purchase, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by corporate insiders.
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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