Wall Street brokerages expect that Lululemon Athletica inc. (NASDAQ:LULU) will announce earnings of $0.68 per share for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Lululemon Athletica’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.64. Lululemon Athletica posted earnings of $0.56 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 21.4%. The business is expected to announce its next earnings report on Wednesday, December 5th.

On average, analysts expect that Lululemon Athletica will report full year earnings of $3.52 per share for the current financial year, with EPS estimates ranging from $3.17 to $3.66. For the next year, analysts forecast that the business will report earnings of $4.15 per share, with EPS estimates ranging from $3.72 to $4.51. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.22. The business had revenue of $723.50 million for the quarter, compared to analyst estimates of $669.14 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. During the same period in the previous year, the company posted $0.39 earnings per share.

LULU has been the topic of several research reports. Zacks Investment Research upgraded Lululemon Athletica from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research note on Wednesday, May 30th. Robert W. Baird boosted their price target on Lululemon Athletica from $106.00 to $112.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. SunTrust Banks boosted their price target on Lululemon Athletica from $47.00 to $114.00 and gave the company a “buy” rating in a research note on Monday, May 21st. They noted that the move was a valuation call. William Blair restated a “buy” rating on shares of Lululemon Athletica in a research note on Friday, June 1st. Finally, Nomura boosted their price target on Lululemon Athletica from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, June 1st. Fourteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $145.00.

Shares of Lululemon Athletica stock traded up $1.67 during trading on Monday, reaching $155.38. The company’s stock had a trading volume of 2,618,000 shares, compared to its average volume of 2,026,884. Lululemon Athletica has a one year low of $57.19 and a one year high of $160.68. The firm has a market capitalization of $20.25 billion, a PE ratio of 59.99, a PEG ratio of 2.29 and a beta of 0.11.

Hedge funds have recently added to or reduced their stakes in the company. Private Capital Group LLC boosted its holdings in shares of Lululemon Athletica by 103.3% in the 1st quarter. Private Capital Group LLC now owns 1,222 shares of the apparel retailer’s stock worth $109,000 after acquiring an additional 621 shares in the last quarter. Northwest Wealth Management LLC acquired a new position in shares of Lululemon Athletica in the 2nd quarter worth approximately $125,000. Synovus Financial Corp acquired a new position in shares of Lululemon Athletica in the 2nd quarter worth approximately $127,000. Smithfield Trust Co. boosted its holdings in shares of Lululemon Athletica by 247.8% in the 2nd quarter. Smithfield Trust Co. now owns 1,287 shares of the apparel retailer’s stock worth $160,000 after acquiring an additional 917 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Lululemon Athletica by 104.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the apparel retailer’s stock worth $177,000 after acquiring an additional 722 shares in the last quarter. Institutional investors own 77.60% of the company’s stock.

Lululemon Athletica Company Profile

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

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