Lululemon Athletica inc. (NASDAQ:LULU) – Investment analysts at Oppenheimer boosted their Q4 2018 earnings per share (EPS) estimates for shares of Lululemon Athletica in a research note issued on Wednesday. Oppenheimer analyst A. Andreeva now anticipates that the apparel retailer will post earnings of $1.28 per share for the quarter, up from their previous estimate of $1.22. Oppenheimer currently has a “Outperform” rating and a $75.00 target price on the stock. Oppenheimer also issued estimates for Lululemon Athletica’s Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.44 EPS and Q4 2019 earnings at $1.47 EPS.
Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.52 by $0.04. The firm had revenue of $619.00 million during the quarter, compared to the consensus estimate of $610.56 million. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share.
Several other research firms also recently commented on LULU. Needham & Company LLC set a $69.00 target price on Lululemon Athletica and gave the company a “buy” rating in a research report on Monday, October 16th. Citigroup raised their price objective on Lululemon Athletica to $78.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Wells Fargo & Co set a $79.00 price objective on Lululemon Athletica and gave the stock a “hold” rating in a research report on Thursday. Royal Bank of Canada restated a “buy” rating and set a $77.00 price objective on shares of Lululemon Athletica in a research report on Friday, December 8th. Finally, Stifel Nicolaus raised their price objective on Lululemon Athletica from $66.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $72.95.
Lululemon Athletica (NASDAQ:LULU) traded down $0.15 during trading on Friday, reaching $78.84. The company’s stock had a trading volume of 1,223,492 shares, compared to its average volume of 1,385,840. The company has a market capitalization of $10,693.59, a P/E ratio of 39.22, a PEG ratio of 2.44 and a beta of 0.19. Lululemon Athletica has a 1 year low of $47.26 and a 1 year high of $81.92.
Hedge funds have recently modified their holdings of the business. IHT Wealth Management LLC increased its holdings in Lululemon Athletica by 591.0% in the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock worth $105,000 after purchasing an additional 1,182 shares in the last quarter. Zions Bancorporation grew its stake in Lululemon Athletica by 183.2% in the third quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after acquiring an additional 1,356 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in Lululemon Athletica in the third quarter valued at approximately $156,000. Oakbrook Investments LLC acquired a new stake in Lululemon Athletica in the third quarter valued at approximately $202,000. Finally, Mackenzie Financial Corp acquired a new stake in Lululemon Athletica in the third quarter valued at approximately $232,000. Institutional investors and hedge funds own 79.31% of the company’s stock.
Lululemon Athletica announced that its Board of Directors has approved a share buyback plan on Wednesday, December 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the apparel retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is 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.
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