Lululemon Athletica inc. (LULU) Expected to Announce Quarterly Sales of $1.12 Billion

Brokerages expect Lululemon Athletica inc. (NASDAQ:LULU) to announce $1.12 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Lululemon Athletica’s earnings, with estimates ranging from $1.10 billion to $1.15 billion. Lululemon Athletica reported sales of $928.80 million in the same quarter last year, which indicates a positive year over year growth rate of 20.6%. The company is scheduled to announce its next quarterly earnings report on Tuesday, March 26th.

On average, analysts expect that Lululemon Athletica will report full-year sales of $3.23 billion for the current fiscal year, with estimates ranging from $3.20 billion to $3.26 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.66 billion, with estimates ranging from $3.58 billion to $3.79 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Lululemon Athletica.

Lululemon Athletica (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, December 6th. The apparel retailer reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. The business had revenue of $747.70 million for the quarter, compared to analyst estimates of $736.10 million. Lululemon Athletica had a return on equity of 29.73% and a net margin of 12.63%. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share.

Several research analysts have issued reports on LULU shares. Royal Bank of Canada increased their price target on Lululemon Athletica from $160.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. ValuEngine lowered Lululemon Athletica from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 21st. Morgan Stanley increased their price target on Lululemon Athletica from $133.00 to $138.00 and gave the stock an “equal weight” rating in a report on Friday. CIBC increased their price target on Lululemon Athletica from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, September 27th. Finally, Wells Fargo & Co set a $144.00 price target on Lululemon Athletica and gave the stock a “hold” rating in a report on Friday, August 31st. They noted that the move was a valuation call. Twelve investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $157.70.

Shares of NASDAQ:LULU opened at $113.87 on Monday. The company has a market capitalization of $15.07 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 1.65 and a beta of 0.37. Lululemon Athletica has a 52-week low of $72.13 and a 52-week high of $164.79.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Lululemon Athletica by 10.6% in the third quarter. Vanguard Group Inc. now owns 9,411,318 shares of the apparel retailer’s stock valued at $1,529,244,000 after purchasing an additional 899,080 shares in the last quarter. BlackRock Inc. increased its position in shares of Lululemon Athletica by 10.8% during the third quarter. BlackRock Inc. now owns 6,680,814 shares of the apparel retailer’s stock valued at $1,085,564,000 after acquiring an additional 650,365 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Lululemon Athletica by 12.9% during the third quarter. JPMorgan Chase & Co. now owns 2,873,494 shares of the apparel retailer’s stock valued at $466,913,000 after acquiring an additional 328,478 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Lululemon Athletica by 32.2% during the third quarter. AQR Capital Management LLC now owns 2,830,681 shares of the apparel retailer’s stock valued at $459,958,000 after acquiring an additional 688,881 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Lululemon Athletica by 4.2% during the third quarter. Janus Henderson Group PLC now owns 2,022,061 shares of the apparel retailer’s stock valued at $328,565,000 after acquiring an additional 81,001 shares during the last quarter. Institutional investors own 79.24% of the company’s stock.

Lululemon Athletica Company Profile

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

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