Lululemon Athletica inc. (LULU) Expected to Announce Quarterly Sales of $912.56 Million
Brokerages expect Lululemon Athletica inc. (NASDAQ:LULU) to announce sales of $912.56 million for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Lululemon Athletica’s earnings, with estimates ranging from $907.40 million to $915.60 million. Lululemon Athletica posted sales of $789.94 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.5%. The business is expected to announce its next earnings results on Wednesday, April 4th.
On average, analysts expect that Lululemon Athletica will report full year sales of $912.56 million for the current fiscal year, with estimates ranging from $2.60 billion to $2.64 billion. For the next year, analysts forecast that the company will report sales of $2.95 billion per share, with estimates ranging from $2.84 billion to $3.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lululemon Athletica.
Lululemon Athletica (NASDAQ:LULU) last released its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $619.00 million during the quarter, compared to analyst estimates of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share.
Shares of Lululemon Athletica (NASDAQ:LULU) traded down $0.50 during trading on Monday, hitting $79.20. 853,600 shares of the company traded hands, compared to its average volume of 1,465,912. The stock has a market cap of $10,640.00, a price-to-earnings ratio of 39.40, a P/E/G ratio of 2.45 and a beta of 0.19. Lululemon Athletica has a 52-week low of $47.26 and a 52-week high of $81.92.
Lululemon Athletica announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the apparel retailer to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors have recently made changes to their positions in the business. IHT Wealth Management LLC boosted its stake in shares of Lululemon Athletica by 591.0% during the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after purchasing an additional 1,182 shares in the last quarter. Zions Bancorporation raised its stake in Lululemon Athletica by 183.2% during the third quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after purchasing an additional 1,356 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Lululemon Athletica during the third quarter valued at $156,000. Oakbrook Investments LLC purchased a new stake in Lululemon Athletica during the third quarter valued at $202,000. Finally, Mackenzie Financial Corp purchased a new stake in Lululemon Athletica during the third quarter valued at $232,000. 79.28% of the stock is currently owned by institutional investors and hedge funds.
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Lululemon Athletica Company Profile
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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