Lululemon Athletica Inc. (NASDAQ:LULU) to Post FY2022 Earnings of $7.69 Per Share, William Blair Forecasts

Lululemon Athletica Inc. (NASDAQ:LULU) – William Blair cut their FY2022 earnings per share estimates for Lululemon Athletica in a research note issued to investors on Monday, January 10th. William Blair analyst S. Zackfia now anticipates that the apparel retailer will post earnings per share of $7.69 for the year, down from their prior forecast of $7.77. William Blair also issued estimates for Lululemon Athletica’s Q4 2022 earnings at $3.25 EPS and FY2023 earnings at $9.13 EPS.

A number of other brokerages have also weighed in on LULU. Truist decreased their target price on Lululemon Athletica from $435.00 to $386.00 in a research report on Tuesday. Morgan Stanley reduced their price target on shares of Lululemon Athletica from $404.00 to $300.00 and set an “equal weight” rating for the company in a research report on Tuesday. Argus upped their price target on shares of Lululemon Athletica from $500.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, December 1st. Cowen reduced their price target on shares of Lululemon Athletica from $523.00 to $491.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Citigroup reduced their price target on shares of Lululemon Athletica from $435.00 to $400.00 in a research report on Tuesday. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $448.96.

Shares of NASDAQ:LULU opened at $328.98 on Thursday. Lululemon Athletica has a fifty-two week low of $269.28 and a fifty-two week high of $485.83. The business has a 50-day simple moving average of $415.38 and a two-hundred day simple moving average of $408.65. The firm has a market cap of $42.54 billion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 2.49 and a beta of 1.26.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Thursday, December 9th. The apparel retailer reported $1.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.21. Lululemon Athletica had a return on equity of 34.83% and a net margin of 14.86%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm earned $1.16 EPS. Lululemon Athletica’s revenue was up 29.8% on a year-over-year basis.

A number of hedge funds have recently bought and sold shares of the business. Connecticut Wealth Management LLC boosted its stake in Lululemon Athletica by 3.5% in the 3rd quarter. Connecticut Wealth Management LLC now owns 741 shares of the apparel retailer’s stock worth $300,000 after purchasing an additional 25 shares during the period. Voya Financial Advisors Inc. boosted its stake in Lululemon Athletica by 1.9% in the 3rd quarter. Voya Financial Advisors Inc. now owns 1,428 shares of the apparel retailer’s stock worth $586,000 after purchasing an additional 26 shares during the period. Coastal Investment Advisors Inc. boosted its stake in Lululemon Athletica by 3.3% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 847 shares of the apparel retailer’s stock worth $343,000 after purchasing an additional 27 shares during the period. Checchi Capital Advisers LLC boosted its stake in Lululemon Athletica by 2.9% in the 3rd quarter. Checchi Capital Advisers LLC now owns 959 shares of the apparel retailer’s stock worth $388,000 after purchasing an additional 27 shares during the period. Finally, Altman Advisors Inc. boosted its stake in Lululemon Athletica by 0.7% in the 3rd quarter. Altman Advisors Inc. now owns 4,054 shares of the apparel retailer’s stock worth $1,889,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 81.56% of the company’s stock.

About Lululemon Athletica

lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.

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Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

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