LULU Stock: lululemon athletica Inc Forecasted to Earn Q1 2019 Earnings of $0.39 Per Share

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lululemon athletica inc. (NASDAQ:LULU) – Stock analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for shares of lululemon athletica in a research report issued to clients and investors on Tuesday. William Blair analyst S. Zackfia expects that the apparel retailer will post earnings of $0.39 per share for the quarter. William Blair also issued estimates for lululemon athletica’s Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $1.34 EPS, FY2019 earnings at $2.74 EPS and FY2020 earnings at $3.09 EPS.

LULU has been the topic of a number of other reports. Canaccord Genuity set a $41.00 price objective on shares of lululemon athletica and gave the company a “sell” rating in a research report on Tuesday, August 29th. BMO Capital Markets reiterated a “hold” rating and issued a $55.00 price objective on shares of lululemon athletica in a research report on Thursday, November 2nd. Zacks Investment Research lowered shares of lululemon athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Cowen reiterated an “outperform” rating and issued a $68.00 price objective (up from $67.00) on shares of lululemon athletica in a research report on Friday, September 1st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $72.00 price objective on shares of lululemon athletica in a research report on Wednesday, October 4th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $65.85.

lululemon athletica (NASDAQ:LULU) opened at $67.22 on Thursday. lululemon athletica has a 1-year low of $47.26 and a 1-year high of $72.70. The company has a market cap of $9,065.11, a price-to-earnings ratio of 30.72, a PEG ratio of 2.48 and a beta of 0.18.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of lululemon athletica by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 7,850,066 shares of the apparel retailer’s stock valued at $468,413,000 after acquiring an additional 233,035 shares during the last quarter. BlackRock Inc. increased its stake in shares of lululemon athletica by 4.4% during the 2nd quarter. BlackRock Inc. now owns 5,373,376 shares of the apparel retailer’s stock valued at $320,629,000 after acquiring an additional 228,068 shares during the last quarter. HS Management Partners LLC increased its stake in shares of lululemon athletica by 36.4% during the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after acquiring an additional 741,200 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of lululemon athletica by 16,053.2% during 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 acquiring an additional 2,598,364 shares during the last quarter. Finally, Eaton Vance Management acquired a new position in shares of lululemon athletica during the 2nd quarter valued at about $126,967,000. 79.44% of the stock is owned by institutional investors.

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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