Q1 2019 Earnings Forecast for Lululemon Athletica inc. Issued By William Blair (LULU)

Lululemon Athletica inc. (NASDAQ:LULU) – Investment analysts at William Blair raised their Q1 2019 EPS estimates for Lululemon Athletica in a research note issued on Tuesday. William Blair analyst S. Zackfia now forecasts that the apparel retailer will earn $0.40 per share for the quarter, up from their previous forecast of $0.39. William Blair also issued estimates for Lululemon Athletica’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $1.38 EPS, FY2019 earnings at $2.84 EPS and FY2020 earnings at $3.22 EPS.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.04. The company had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share.

A number of other equities analysts have also recently weighed in on the stock. Cowen reissued a “buy” rating and set a $68.00 price target on shares of Lululemon Athletica in a research report on Friday, November 3rd. Citigroup raised shares of Lululemon Athletica from a “neutral” rating to a “buy” rating and cut their price objective for the company from $61.50 to $60.09 in a research report on Friday, October 20th. Zacks Investment Research cut shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Canaccord Genuity set a $43.00 price objective on shares of Lululemon Athletica and gave the company a “sell” rating in a research report on Tuesday, December 5th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lululemon Athletica in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $71.68.

Shares of Lululemon Athletica (LULU) traded down $0.55 during midday trading on Wednesday, hitting $79.30. 1,181,778 shares of the stock were exchanged, compared to its average volume of 2,000,000. The company has a market capitalization of $10,730.00, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.48 and a beta of 0.19. Lululemon Athletica has a 52 week low of $47.26 and a 52 week high of $80.46.

Several hedge funds have recently made changes to their positions in LULU. Janus Henderson Group PLC boosted its holdings in shares of Lululemon Athletica by 16,053.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock worth $156,010,000 after buying an additional 2,598,364 shares during the period. Eaton Vance Management bought a new stake in Lululemon Athletica in the 2nd quarter valued at about $126,967,000. Lazard Asset Management LLC bought a new stake in Lululemon Athletica in the 2nd quarter valued at about $94,181,000. HS Management Partners LLC boosted its holdings in Lululemon Athletica by 36.4% in the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock valued at $165,613,000 after purchasing an additional 741,200 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in Lululemon Athletica by 145.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,153,948 shares of the apparel retailer’s stock valued at $68,856,000 after purchasing an additional 684,667 shares during the period. 79.31% of the stock is owned by institutional investors and hedge funds.

Lululemon Athletica announced that its board has initiated a share buyback plan on Wednesday, December 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the apparel retailer to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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Lululemon Athletica Company Profile

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.

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

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