Lululemon Athletica inc. (NASDAQ:LULU) – Research analysts at SunTrust Banks issued their Q1 2019 EPS estimates for shares of Lululemon Athletica in a report released on Tuesday. SunTrust Banks analyst P. Quintiliano expects that the apparel retailer will post earnings of $0.44 per share for the quarter. SunTrust Banks has a “Buy” rating and a $95.00 price objective on the stock. SunTrust Banks also issued estimates for Lululemon Athletica’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.63 EPS and Q4 2019 earnings at $1.50 EPS.
Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, December 6th. The apparel retailer reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.04. The company had revenue of $619.00 million during the quarter, compared to the consensus estimate of $610.56 million. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share.
Shares of Lululemon Athletica (NASDAQ:LULU) traded down $3.36 during trading on Thursday, hitting $77.63. The company had a trading volume of 2,069,157 shares, compared to its average volume of 1,558,635. The company has a market capitalization of $10,643.50, a P/E ratio of 39.21, a PEG ratio of 2.02 and a beta of 0.26. Lululemon Athletica has a one year low of $47.26 and a one year high of $83.31.
Several large investors have recently modified their holdings of LULU. IHT Wealth Management LLC increased its holdings in shares of Lululemon Athletica by 591.0% during the second quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock valued at $105,000 after acquiring an additional 1,182 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Lululemon Athletica by 702.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,525 shares of the apparel retailer’s stock valued at $120,000 after acquiring an additional 1,335 shares in the last quarter. Zions Bancorporation increased its holdings in shares of Lululemon Athletica by 183.2% during the third quarter. Zions Bancorporation now owns 2,096 shares of the apparel retailer’s stock valued at $130,000 after acquiring an additional 1,356 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Lululemon Athletica during the third quarter valued at $156,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in shares of Lululemon Athletica during the fourth quarter valued at $171,000. Hedge funds and other institutional investors own 79.70% of the company’s stock.
Lululemon Athletica declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the apparel retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are 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.
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