lululemon athletica inc. (NASDAQ:LULU) – Research analysts at William Blair increased their FY2018 earnings per share (EPS) estimates for shares of lululemon athletica inc. in a research note issued to investors on Friday. William Blair analyst S. Zackfia now expects that the apparel retailer will post earnings per share of $2.40 for the year, up from their prior forecast of $2.33.

Several other research firms have also issued reports on LULU. Vetr raised shares of lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $54.75 price target on the stock in a research note on Tuesday, May 16th. Zacks Investment Research downgraded shares of lululemon athletica inc. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 23rd. Credit Suisse Group reaffirmed a “hold” rating and issued a $56.00 price target on shares of lululemon athletica inc. in a research note on Wednesday, May 17th. Berenberg Bank assumed coverage on shares of lululemon athletica inc. in a research note on Tuesday, May 16th. They issued a “hold” rating and a $54.00 price target on the stock. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $51.00 price target (down previously from $57.00) on shares of lululemon athletica inc. in a research note on Wednesday, May 31st. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $65.62.

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Shares of lululemon athletica inc. (NASDAQ LULU) opened at 61.69 on Monday. The stock’s 50 day moving average price is $60.47 and its 200-day moving average price is $57.49. lululemon athletica inc. has a one year low of $47.26 and a one year high of $72.70. The company has a market cap of $8.43 billion, a PE ratio of 29.22 and a beta of 0.22.

lululemon athletica inc. (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $581.10 million for the quarter, compared to the consensus estimate of $567.40 million. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share.

In other news, Director Glenn Murphy bought 97,728 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the purchase, the director now directly owns 100,344 shares in the company, valued at approximately $5,569,092. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.29% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB increased its holdings in lululemon athletica inc. by 21.8% in the 1st quarter. Xact Kapitalforvaltning AB now owns 17,832 shares of the apparel retailer’s stock worth $925,000 after acquiring an additional 3,189 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in lululemon athletica inc. by 8.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the apparel retailer’s stock worth $19,260,000 after acquiring an additional 28,686 shares in the last quarter. CIBC World Markets Inc. increased its holdings in lululemon athletica inc. by 6.6% in the 1st quarter. CIBC World Markets Inc. now owns 11,143 shares of the apparel retailer’s stock worth $578,000 after acquiring an additional 688 shares in the last quarter. Stifel Financial Corp increased its holdings in lululemon athletica inc. by 49.1% in the 1st quarter. Stifel Financial Corp now owns 23,401 shares of the apparel retailer’s stock worth $1,207,000 after acquiring an additional 7,701 shares in the last quarter. Finally, Morgan Stanley increased its holdings in lululemon athletica inc. by 55.2% in the 1st quarter. Morgan Stanley now owns 821,041 shares of the apparel retailer’s stock worth $42,587,000 after acquiring an additional 292,183 shares in the last quarter. Hedge funds and other institutional investors own 79.58% 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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