FY2017 Earnings Forecast for lululemon athletica inc. (LULU) Issued By FBR & Co

lululemon athletica inc. (NASDAQ:LULU) – Equities researchers at FBR & Co lifted their FY2017 earnings per share (EPS) estimates for shares of lululemon athletica inc. in a research note issued on Tuesday. FBR & Co analyst S. Anderson now forecasts that the firm will post earnings per share of $2.16 for the year, up from their previous estimate of $2.13. FBR & Co has a “Market Perform” rating and a $67.00 price target on the stock. FBR & Co also issued estimates for lululemon athletica inc.’s Q4 2017 earnings at $1.01 EPS and Q4 2018 earnings at $1.11 EPS.

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings data on Wednesday, December 7th. The apparel retailer reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The firm had revenue of $544.40 million for the quarter, compared to the consensus estimate of $540.81 million. lululemon athletica inc. had a net margin of 12.60% and a return on equity of 24.32%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS.

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Earnings History and Estimates for lululemon athletica inc. (NASDAQ:LULU)

Other analysts have also issued research reports about the company. Zacks Investment Research raised lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Tuesday. Robert W. Baird restated a “buy” rating on shares of lululemon athletica inc. in a report on Wednesday. Wedbush restated an “outperform” rating and set a $81.00 target price on shares of lululemon athletica inc. in a report on Wednesday. MKM Partners restated a “buy” rating and set a $90.00 target price on shares of lululemon athletica inc. in a report on Wednesday. Finally, Jefferies Group restated a “hold” rating and set a $64.00 target price (up previously from $61.00) on shares of lululemon athletica inc. in a report on Friday, December 9th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $71.08.

lululemon athletica inc. (NASDAQ:LULU) traded down 0.93% during trading on Wednesday, reaching $69.25. 1,458,080 shares of the company’s stock were exchanged. lululemon athletica inc. has a 12 month low of $52.71 and a 12 month high of $81.81. The stock has a market cap of $9.49 billion, a PE ratio of 33.44 and a beta of 0.43. The firm has a 50 day moving average of $63.14 and a 200-day moving average of $67.09.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Mycio Wealth Partners LLC raised its position in lululemon athletica inc. by 0.6% in the second quarter. Mycio Wealth Partners LLC now owns 1,972 shares of the apparel retailer’s stock valued at $146,000 after buying an additional 12 shares during the last quarter. Parsons Capital Management Inc. RI raised its position in lululemon athletica inc. by 0.5% in the third quarter. Parsons Capital Management Inc. RI now owns 9,825 shares of the apparel retailer’s stock valued at $599,000 after buying an additional 50 shares during the last quarter. Bridgecreek Investment Management LLC raised its position in lululemon athletica inc. by 0.3% in the second quarter. Bridgecreek Investment Management LLC now owns 19,400 shares of the apparel retailer’s stock valued at $1,433,000 after buying an additional 65 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in lululemon athletica inc. by 1.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,949 shares of the apparel retailer’s stock valued at $587,000 after buying an additional 137 shares during the last quarter. Finally, Cetera Advisors LLC raised its position in lululemon athletica inc. by 4.1% in the third quarter. Cetera Advisors LLC now owns 3,786 shares of the apparel retailer’s stock valued at $229,000 after buying an additional 149 shares during the last quarter. 91.02% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another publication, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2017/01/11/fy2017-earnings-forecast-for-lululemon-athletica-inc-lulu-issued-by-fbr-co.html.

lululemon athletica inc. Company Profile

Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.

5 Day Chart for NASDAQ:LULU

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