Lululemon Athletica inc. (NASDAQ:LULU) – Equities researchers at KeyCorp upped their FY2018 EPS estimates for shares of Lululemon Athletica in a research note issued on Wednesday. KeyCorp analyst E. Yruma now forecasts that the apparel retailer will post earnings of $2.52 per share for the year, up from their previous forecast of $2.48. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Lululemon Athletica’s Q4 2018 earnings at $1.26 EPS, Q1 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.65 EPS, Q4 2019 earnings at $1.43 EPS and FY2019 earnings at $2.90 EPS.

Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The company had revenue of $619.00 million during the quarter, compared to the consensus estimate of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. Lululemon Athletica’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share.

Several other brokerages also recently weighed in on LULU. Deutsche Bank raised their target price on shares of Lululemon Athletica from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. B. Riley restated a “hold” rating and issued a $70.00 target price on shares of Lululemon Athletica in a research note on Tuesday. BidaskClub downgraded shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. MKM Partners raised their price target on shares of Lululemon Athletica from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays reaffirmed a “buy” rating and issued a $95.00 price target on shares of Lululemon Athletica in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $72.95.

Shares of Lululemon Athletica (NASDAQ LULU) traded down $0.15 on Friday, reaching $78.84. 1,223,492 shares of the company’s stock traded hands, compared to its average volume of 1,385,840. The firm has a market capitalization of $10,693.59, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 2.44 and a beta of 0.19. Lululemon Athletica has a 52 week low of $47.26 and a 52 week high of $81.92.

Institutional investors have recently modified their holdings of the stock. Comerica Bank grew its position in Lululemon Athletica by 1.0% during the second quarter. Comerica Bank now owns 11,264 shares of the apparel retailer’s stock valued at $699,000 after buying an additional 115 shares during the period. Suntrust Banks Inc. grew its position in Lululemon Athletica by 5.9% during the second quarter. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer’s stock valued at $252,000 after buying an additional 237 shares during the period. Scotia Capital Inc. grew its position in Lululemon Athletica by 23.0% during the second quarter. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer’s stock valued at $311,000 after buying an additional 978 shares during the period. First Republic Investment Management Inc. grew its position in Lululemon Athletica by 26.2% during the third quarter. First Republic Investment Management Inc. now owns 5,035 shares of the apparel retailer’s stock valued at $313,000 after buying an additional 1,046 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in Lululemon Athletica by 7.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 15,390 shares of the apparel retailer’s stock valued at $958,000 after buying an additional 1,075 shares during the period. 79.31% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica announced that its board has approved a stock buyback plan on Wednesday, December 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the apparel retailer to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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About Lululemon Athletica

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 (NASDAQ:LULU)

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