Lululemon Athletica inc. (NASDAQ:LULU) – Stock analysts at DA Davidson raised their FY2019 EPS estimates for shares of Lululemon Athletica in a research report issued on Wednesday, January 9th. DA Davidson analyst J. Morris now expects that the apparel retailer will post earnings per share of $3.72 for the year, up from their previous estimate of $3.66. DA Davidson has a “Neutral” rating and a $145.00 price objective on the stock. DA Davidson also issued estimates for Lululemon Athletica’s Q4 2019 earnings at $1.74 EPS, Q4 2020 earnings at $1.95 EPS and FY2020 earnings at $4.26 EPS.

A number of other equities analysts have also commented on LULU. Wells Fargo & Co raised Lululemon Athletica from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $144.00 to $200.00 in a research note on Monday, September 17th. CIBC upped their price target on Lululemon Athletica from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. Oppenheimer upped their price target on Lululemon Athletica from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. Royal Bank of Canada upped their price target on Lululemon Athletica from $160.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, Wedbush upped their price target on Lululemon Athletica from $110.00 to $176.00 and gave the company a “neutral” rating in a research note on Tuesday, October 2nd. Seven analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Lululemon Athletica presently has a consensus rating of “Buy” and a consensus price target of $159.53.

Lululemon Athletica stock opened at $131.61 on Friday. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 50.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.53. Lululemon Athletica has a 52 week low of $74.90 and a 52 week high of $164.79.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Thursday, December 6th. The apparel retailer reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $747.70 million for the quarter, compared to analyst estimates of $736.10 million. Lululemon Athletica had a return on equity of 30.28% and a net margin of 12.63%. The business’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share.

Hedge funds have recently bought and sold shares of the company. Piedmont Investment Advisors Inc. boosted its position in Lululemon Athletica by 42.9% during the third quarter. Piedmont Investment Advisors Inc. now owns 9,971 shares of the apparel retailer’s stock valued at $1,620,000 after purchasing an additional 2,993 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of Lululemon Athletica in the third quarter valued at approximately $208,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Lululemon Athletica by 48.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 20,300 shares of the apparel retailer’s stock valued at $3,299,000 after buying an additional 6,657 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Lululemon Athletica by 110.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 534,411 shares of the apparel retailer’s stock valued at $86,840,000 after buying an additional 281,035 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new stake in shares of Lululemon Athletica in the second quarter valued at approximately $1,417,000. 78.65% of the stock is owned by institutional investors.

About Lululemon Athletica

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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