lululemon athletica inc. (NASDAQ:LULU) – Equities research analysts at William Blair raised their FY2018 earnings per share estimates for shares of lululemon athletica inc. in a research note issued to investors on Wednesday. William Blair analyst S. Zackfia now expects that the apparel retailer will post earnings per share of $2.33 for the year, up from their prior estimate of $2.31.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of lululemon athletica inc. from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group set a $56.00 target price on shares of lululemon athletica inc. and gave the stock a “hold” rating in a research note on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $66.00 target price on shares of lululemon athletica inc. in a research note on Thursday. Cowen and Company set a $67.00 target price on shares of lululemon athletica inc. and gave the stock a “buy” rating in a research note on Monday, August 21st. Finally, Bank of America Corporation upgraded shares of lululemon athletica inc. from an “underperform” rating to a “buy” rating and upped their target price for the stock from $48.00 to $70.00 in a research note on Monday, August 21st. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $65.37.

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lululemon athletica inc. (NASDAQ:LULU) opened at 60.21 on Friday. The company has a market cap of $8.23 billion, a PE ratio of 28.52 and a beta of 0.25. The company’s 50-day moving average price is $60.44 and its 200-day moving average price is $57.77. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $79.41.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The business had revenue of $520.30 million during the quarter, compared to analysts’ expectations of $513.99 million. During the same quarter last year, the company posted $0.33 earnings per share. lululemon athletica inc.’s quarterly revenue was up 5.0% on a year-over-year basis.

In other lululemon athletica inc. news, Director Glenn Murphy acquired 97,728 shares of the stock in a transaction on Monday, June 26th. The stock was acquired at an average price of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the transaction, the director now directly owns 100,344 shares of the company’s stock, valued at $5,569,092. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in lululemon athletica inc. by 45.7% in the fourth quarter. Teachers Advisors LLC now owns 122,551 shares of the apparel retailer’s stock valued at $7,965,000 after buying an additional 38,418 shares during the period. Bank of Montreal Can raised its stake in lululemon athletica inc. by 6.7% in the first quarter. Bank of Montreal Can now owns 14,425 shares of the apparel retailer’s stock valued at $748,000 after buying an additional 902 shares during the period. DnB Asset Management AS raised its stake in lululemon athletica inc. by 14.7% in the first quarter. DnB Asset Management AS now owns 14,810 shares of the apparel retailer’s stock valued at $768,000 after buying an additional 1,900 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 121 shares during the period. Finally, Korea Investment CORP raised its stake in lululemon athletica inc. by 10.4% in the first quarter. Korea Investment CORP now owns 46,800 shares of the apparel retailer’s stock valued at $2,428,000 after buying an additional 4,400 shares during the period. Hedge funds and other institutional investors own 80.64% of the company’s stock.

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.

Earnings History and Estimates for lululemon athletica inc. (NASDAQ:LULU)

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