Equities research analysts expect Lululemon Athletica inc. (NASDAQ:LULU) to post earnings per share of $0.68 for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for Lululemon Athletica’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.70. Lululemon Athletica posted earnings per share of $0.56 in the same quarter last year, which suggests a positive year-over-year growth rate of 21.4%. The business is scheduled to announce its next quarterly earnings results on Wednesday, December 5th.

On average, analysts expect that Lululemon Athletica will report full-year earnings of $3.55 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.66. For the next year, analysts expect that the company will post earnings of $4.16 per share, with EPS estimates ranging from $3.72 to $4.51. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, August 30th. The apparel retailer reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.22. The business had revenue of $723.50 million for the quarter, compared to analyst estimates of $669.14 million. Lululemon Athletica had a return on equity of 28.67% and a net margin of 11.97%. During the same quarter in the previous year, the company posted $0.39 EPS.

A number of equities research analysts recently weighed in on the company. Citigroup boosted their price objective on Lululemon Athletica from $117.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, June 26th. Oppenheimer boosted their price objective on Lululemon Athletica from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, July 9th. MKM Partners boosted their price objective on Lululemon Athletica from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, June 1st. Guggenheim restated a “buy” rating and set a $125.00 price objective (up previously from $90.00) on shares of Lululemon Athletica in a research report on Thursday, May 31st. Finally, Stifel Nicolaus boosted their price objective on Lululemon Athletica from $111.00 to $113.00 and gave the stock a “hold” rating in a research report on Friday, June 8th. Fourteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Lululemon Athletica has an average rating of “Buy” and a consensus price target of $145.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Private Capital Group LLC boosted its position in shares of Lululemon Athletica by 103.3% during the 1st quarter. Private Capital Group LLC now owns 1,222 shares of the apparel retailer’s stock valued at $109,000 after purchasing an additional 621 shares in the last quarter. Northwest Wealth Management LLC bought a new stake in shares of Lululemon Athletica during the 2nd quarter valued at about $125,000. Synovus Financial Corp bought a new stake in shares of Lululemon Athletica during the 2nd quarter valued at about $127,000. Smithfield Trust Co. boosted its position in shares of Lululemon Athletica by 247.8% during the 2nd quarter. Smithfield Trust Co. now owns 1,287 shares of the apparel retailer’s stock valued at $160,000 after purchasing an additional 917 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Lululemon Athletica by 104.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the apparel retailer’s stock valued at $177,000 after purchasing an additional 722 shares in the last quarter. Hedge funds and other institutional investors own 79.53% of the company’s stock.

LULU stock traded up $0.35 during midday trading on Monday, reaching $157.34. 1,196,200 shares of the stock were exchanged, compared to its average volume of 2,012,923. The firm has a market capitalization of $20.78 billion, a P/E ratio of 60.42, a P/E/G ratio of 2.35 and a beta of 0.09. Lululemon Athletica has a 52 week low of $57.19 and a 52 week high of $160.68.

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.

Featured Article: Understanding Relative Strength Index

Get a free copy of the Zacks research report on Lululemon Athletica (LULU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.