lululemon athletica inc. (LULU) to Post FY2019 Earnings of $2.81 Per Share, William Blair Forecasts
lululemon athletica inc. (NASDAQ:LULU) – Stock analysts at William Blair upped their FY2019 EPS estimates for shares of lululemon athletica in a research note issued to investors on Thursday. William Blair analyst S. Zackfia now forecasts that the apparel retailer will post earnings per share of $2.81 for the year, up from their prior forecast of $2.74.
LULU has been the subject of a number of other research reports. Zacks Investment Research cut lululemon athletica from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. B. Riley reissued a “neutral” rating on shares of lululemon athletica in a research report on Wednesday, November 1st. Canaccord Genuity raised lululemon athletica from a “sell” rating to a “hold” rating and lifted their price objective for the company from $43.00 to $70.00 in a research report on Thursday, December 7th. Wells Fargo & Company set a $70.00 price objective on lululemon athletica and gave the company a “hold” rating in a research report on Thursday, December 7th. Finally, KeyCorp reissued a “hold” rating on shares of lululemon athletica in a research report on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $70.21.
Shares of lululemon athletica (NASDAQ LULU) traded up $0.67 during trading on Monday, hitting $74.31. The stock had a trading volume of 1,749,936 shares, compared to its average volume of 2,637,163. The firm has a market capitalization of $10,100.00, a PE ratio of 32.50, a PEG ratio of 2.68 and a beta of 0.19. lululemon athletica has a 1-year low of $47.26 and a 1-year high of $74.99.
lululemon athletica (NASDAQ:LULU) last issued its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.04. The business had revenue of $619.00 million during the quarter, compared to analysts’ expectations of $610.56 million. lululemon athletica had a return on equity of 22.52% and a net margin of 10.96%. lululemon athletica’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.50 earnings per share.
lululemon athletica declared that its board has approved a share repurchase program on Wednesday, December 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the apparel retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Several institutional investors have recently bought and sold shares of LULU. Janus Henderson Group PLC increased its stake in shares of lululemon athletica by 16,053.2% in the second quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock worth $156,010,000 after purchasing an additional 2,598,364 shares during the period. Eaton Vance Management bought a new position in shares of lululemon athletica in the second quarter worth about $126,967,000. Lazard Asset Management LLC bought a new position in shares of lululemon athletica in the second quarter worth about $94,181,000. HS Management Partners LLC increased its stake in shares of lululemon athletica by 36.4% in the second quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after purchasing an additional 741,200 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in shares of lululemon athletica by 145.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,153,948 shares of the apparel retailer’s stock worth $68,856,000 after purchasing an additional 684,667 shares during the period. Institutional investors and hedge funds own 79.45% of the company’s stock.
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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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