Wall Street analysts expect that Lululemon Athletica inc. (NASDAQ:LULU) will report $668.25 million in sales for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Lululemon Athletica’s earnings. The lowest sales estimate is $662.00 million and the highest is $679.90 million. Lululemon Athletica posted sales of $581.05 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 30th.
According to Zacks, analysts expect that Lululemon Athletica will report full year sales of $3.08 billion for the current year, with estimates ranging from $3.05 billion to $3.10 billion. For the next fiscal year, analysts expect that the company will report sales of $3.45 billion per share, with estimates ranging from $3.39 billion to $3.59 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lululemon Athletica.
Lululemon Athletica (NASDAQ:LULU) last posted its earnings results on Tuesday, March 27th. The apparel retailer reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.06. Lululemon Athletica had a return on equity of 25.46% and a net margin of 10.89%. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $912.41 million. During the same period in the previous year, the firm earned $1.00 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis.
A number of research analysts have issued reports on the company. Citigroup boosted their target price on Lululemon Athletica from $117.00 to $137.00 and gave the company a “buy” rating in a research note on Tuesday. Goldman Sachs Group assumed coverage on Lululemon Athletica in a research note on Monday, June 25th. They issued a “neutral” rating and a $133.00 target price for the company. UBS Group assumed coverage on Lululemon Athletica in a research note on Thursday, June 21st. They issued a “neutral” rating and a $130.00 target price for the company. ValuEngine cut Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 13th. Finally, Royal Bank of Canada boosted their target price on Lululemon Athletica to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, June 13th. Fifteen investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $104.11.
Lululemon Athletica traded down $0.09, reaching $124.85, on Monday, MarketBeat reports. The company’s stock had a trading volume of 1,107,882 shares, compared to its average volume of 2,892,375. Lululemon Athletica has a 1-year low of $56.56 and a 1-year high of $129.79. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 48.20, a PEG ratio of 2.90 and a beta of 0.15.
In other Lululemon Athletica news, major shareholder International Corp/Ma Advent sold 10,000,000 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $121.00, for a total value of $1,210,000,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David M. Mussafer sold 17,935 shares of the company’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $121.00, for a total value of $2,170,135.00. Following the completion of the sale, the director now owns 18,202 shares in the company, valued at approximately $2,202,442. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Avalon Advisors LLC bought a new stake in Lululemon Athletica in the first quarter valued at approximately $2,278,000. Cynosure Advisors LLC bought a new stake in Lululemon Athletica in the first quarter valued at approximately $319,000. Dynamic Technology Lab Private Ltd raised its stake in Lululemon Athletica by 347.1% in the first quarter. Dynamic Technology Lab Private Ltd now owns 18,500 shares of the apparel retailer’s stock valued at $1,649,000 after buying an additional 14,362 shares during the period. Allianz Asset Management GmbH bought a new stake in Lululemon Athletica in the first quarter valued at approximately $319,000. Finally, Amalgamated Bank raised its stake in Lululemon Athletica by 6.7% in the first quarter. Amalgamated Bank now owns 20,421 shares of the apparel retailer’s stock valued at $1,820,000 after buying an additional 1,279 shares during the period. Hedge funds and other institutional investors own 81.85% of the company’s stock.
About Lululemon Athletica
lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.
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