Lululemon Athletica inc. (NASDAQ:LULU) – Stock analysts at SunTrust Banks lifted their FY2018 EPS estimates for shares of Lululemon Athletica in a research note issued to investors on Monday. SunTrust Banks analyst P. Quintiliano now forecasts that the apparel retailer will post earnings of $2.53 per share for the year, up from their previous forecast of $2.48. SunTrust Banks has a “Buy” rating and a $90.00 price objective on the stock. SunTrust Banks also issued estimates for Lululemon Athletica’s Q4 2018 earnings at $1.27 EPS and FY2019 earnings at $2.96 EPS.
A number of other research analysts have also recently commented on LULU. B. Riley reaffirmed a “neutral” rating on shares of Lululemon Athletica in a research report on Wednesday, November 1st. BidaskClub cut shares of Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Bank of America raised shares of Lululemon Athletica to a “buy” rating and upped their target price for the company from $80.00 to $89.00 in a research report on Tuesday, January 2nd. Canaccord Genuity set a $75.00 target price on shares of Lululemon Athletica and gave the company a “hold” rating in a research report on Sunday. Finally, Zacks Investment Research cut shares of Lululemon Athletica from a “buy” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $72.95.
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, beating the consensus estimate of $0.52 by $0.04. The firm 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 company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.
Lululemon Athletica announced that its board has authorized a share buyback program on Wednesday, December 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the apparel retailer to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
A number of large investors have recently modified their holdings of LULU. Winslow Asset Management Inc. increased its stake in shares of Lululemon Athletica by 2.3% during the fourth quarter. Winslow Asset Management Inc. now owns 112,202 shares of the apparel retailer’s stock worth $8,818,000 after buying an additional 2,570 shares during the period. Jaffetilchin Investment Partners LLC purchased a new stake in shares of Lululemon Athletica during the fourth quarter worth approximately $489,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Lululemon Athletica during the third quarter worth approximately $1,197,000. California Public Employees Retirement System increased its stake in shares of Lululemon Athletica by 0.8% during the third quarter. California Public Employees Retirement System now owns 216,882 shares of the apparel retailer’s stock worth $13,501,000 after buying an additional 1,782 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Lululemon Athletica by 152.5% during the third quarter. Cubist Systematic Strategies LLC now owns 19,331 shares of the apparel retailer’s stock worth $1,203,000 after buying an additional 11,676 shares during the period. Institutional investors own 79.31% of the company’s stock.
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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.
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