Equities Analysts Offer Predictions for lululemon athletica inc.’s FY2018 Earnings (LULU)
lululemon athletica inc. (NASDAQ:LULU) – DA Davidson raised their FY2018 earnings per share estimates for lululemon athletica inc. in a research report issued on Friday. DA Davidson analyst A. Burns now forecasts that the apparel retailer will post earnings of $2.40 per share for the year, up from their previous estimate of $2.35. DA Davidson has a “Hold” rating and a $59.00 price objective on the stock. DA Davidson also issued estimates for lululemon athletica inc.’s FY2019 earnings at $2.73 EPS.
A number of other equities research analysts have also issued reports on the stock. Deutsche Bank AG restated a “hold” rating and set a $59.00 price target on shares of lululemon athletica inc. in a report on Friday. Buckingham Research restated a “neutral” rating and set a $55.00 price target on shares of lululemon athletica inc. in a report on Friday. Morgan Stanley restated an “equal weight” rating and set a $61.00 price target (up previously from $58.00) on shares of lululemon athletica inc. in a report on Friday. J P Morgan Chase & Co restated a “buy” rating and set a $71.00 price target on shares of lululemon athletica inc. in a report on Friday. Finally, Nomura boosted their price target on shares of lululemon athletica inc. from $65.00 to $67.00 and gave the company a “buy” rating in a report on Friday. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. lululemon athletica inc. presently has a consensus rating of “Hold” and an average target price of $65.62.
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Shares of lululemon athletica inc. (LULU) opened at 61.69 on Monday. The stock has a market capitalization of $8.43 billion, a PE ratio of 29.22 and a beta of 0.22. The firm has a 50-day moving average of $60.47 and a 200 day moving average of $57.49. lululemon athletica inc. has a 1-year low of $47.26 and a 1-year high of $72.70.
lululemon athletica inc. (NASDAQ:LULU) last released its earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $567.40 million. lululemon athletica inc. had a net margin of 11.68% and a return on equity of 22.51%. lululemon athletica inc.’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of LULU. BlackRock Inc. increased its position in lululemon athletica inc. by 4,791.0% in the 1st quarter. BlackRock Inc. now owns 5,145,308 shares of the apparel retailer’s stock valued at $266,888,000 after acquiring an additional 5,040,109 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of lululemon athletica inc. by 16,053.2% in the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock valued at $156,010,000 after purchasing an additional 2,598,364 shares during the last quarter. Eaton Vance Management bought a new position in shares of lululemon athletica inc. in the 2nd quarter valued at about $126,967,000. Lazard Asset Management LLC bought a new position in shares of lululemon athletica inc. in the 2nd quarter valued at about $94,181,000. Finally, Janus Capital Management LLC boosted its stake in shares of lululemon athletica inc. by 163.9% in the 1st quarter. Janus Capital Management LLC now owns 1,768,004 shares of the apparel retailer’s stock valued at $91,706,000 after purchasing an additional 1,098,057 shares during the last quarter. Hedge funds and other institutional investors own 79.58% of the company’s stock.
In related news, Director Glenn Murphy acquired 100,000 shares of the stock in a transaction on Tuesday, June 27th. The stock was purchased at an average price of $55.50 per share, for a total transaction of $5,550,000.00. Following the transaction, the director now owns 100,344 shares of the company’s stock, valued at approximately $5,569,092. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.29% of the company’s stock.
lululemon athletica inc. 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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