Analysts expect that Lululemon Athletica inc. (NASDAQ:LULU) will report sales of $1.15 billion for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Lululemon Athletica’s earnings. The highest sales estimate is $1.16 billion and the lowest is $1.13 billion. Lululemon Athletica posted sales of $928.80 million during the same quarter last year, which suggests a positive year-over-year growth rate of 23.8%. The business is expected to issue its next earnings report after the market closes on Wednesday, March 27th.

According to Zacks, analysts expect that Lululemon Athletica will report full-year sales of $3.27 billion for the current year, with estimates ranging from $3.25 billion to $3.28 billion. For the next financial year, analysts forecast that the company will post sales of $3.71 billion, with estimates ranging from $3.63 billion to $3.78 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Lululemon Athletica.

Several brokerages have recently weighed in on LULU. Citigroup upgraded shares of Lululemon Athletica from a “neutral” rating to a “buy” rating and set a $152.00 target price on the stock in a research report on Wednesday, December 12th. Guggenheim reiterated a “buy” rating and set a $165.00 target price on shares of Lululemon Athletica in a research report on Thursday, December 6th. Stifel Nicolaus upgraded shares of Lululemon Athletica from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a research report on Monday, December 17th. Credit Suisse Group lifted their target price on shares of Lululemon Athletica from $164.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 7th. Finally, MKM Partners set a $177.00 target price on shares of Lululemon Athletica and gave the company a “buy” rating in a research report on Sunday, December 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $160.94.

In related news, major shareholder Dennis J. Wilson sold 847,000 shares of Lululemon Athletica stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $136.53, for a total transaction of $115,640,910.00. Following the completion of the transaction, the insider now directly owns 3,852 shares of the company’s stock, valued at approximately $525,913.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Dennis J. Wilson sold 444,389 shares of Lululemon Athletica stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $140.39, for a total transaction of $62,387,771.71. Following the transaction, the insider now directly owns 3,852 shares of the company’s stock, valued at $540,782.28. The disclosure for this sale can be found here. Insiders have sold a total of 2,914,928 shares of company stock valued at $414,622,960 over the last three months. 0.32% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Piedmont Investment Advisors Inc. raised its stake in shares of Lululemon Athletica by 42.9% in the third quarter. Piedmont Investment Advisors Inc. now owns 9,971 shares of the apparel retailer’s stock worth $1,620,000 after acquiring an additional 2,993 shares during the last quarter. Optimum Investment Advisors raised its stake in shares of Lululemon Athletica by 2,052.2% in the fourth quarter. Optimum Investment Advisors now owns 1,442 shares of the apparel retailer’s stock worth $175,000 after acquiring an additional 1,375 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Lululemon Athletica in the fourth quarter worth about $314,834,000. Meeder Asset Management Inc. raised its stake in shares of Lululemon Athletica by 9.2% in the fourth quarter. Meeder Asset Management Inc. now owns 8,070 shares of the apparel retailer’s stock worth $981,000 after acquiring an additional 680 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in shares of Lululemon Athletica by 60.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 115,386 shares of the apparel retailer’s stock worth $14,032,000 after acquiring an additional 43,389 shares during the last quarter. 78.47% of the stock is owned by hedge funds and other institutional investors.

Shares of Lululemon Athletica stock traded down $2.39 during trading on Tuesday, hitting $141.79. 2,250,498 shares of the company’s stock traded hands, compared to its average volume of 2,052,681. Lululemon Athletica has a twelve month low of $77.97 and a twelve month high of $164.79. The firm has a market cap of $19.07 billion, a P/E ratio of 54.75, a price-to-earnings-growth ratio of 1.72 and a beta of 0.51.

Lululemon Athletica Company Profile

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

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