lululemon athletica inc. (NASDAQ:LULU) Forecasted to Earn Q1 2019 Earnings of $0.35 Per Share

lululemon athletica inc. (NASDAQ:LULU) – Equities researchers at Oppenheimer Holdings issued their Q1 2019 EPS estimates for lululemon athletica inc. in a research report issued on Thursday. Oppenheimer Holdings analyst A. Andreeva anticipates that the apparel retailer will post earnings per share of $0.35 for the quarter. Oppenheimer Holdings has a “Outperform” rating and a $68.00 price objective on the stock. Oppenheimer Holdings also issued estimates for lululemon athletica inc.’s Q2 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $1.35 EPS and FY2019 earnings at $2.65 EPS.

A number of other equities research analysts have also recently issued reports on the company. Cowen and Company set a $64.00 price objective on lululemon athletica inc. and gave the stock a “buy” rating in a research note on Thursday, April 20th. Vetr upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating and set a $53.94 price objective on the stock in a research note on Monday, May 1st. Jefferies Group LLC reiterated a “hold” rating and set a $64.00 price objective on shares of lululemon athletica inc. in a research note on Tuesday, March 28th. Stifel Nicolaus upgraded lululemon athletica inc. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 18th. Finally, Macquarie set a $40.00 price objective on lululemon athletica inc. and gave the stock a “sell” rating in a research note on Tuesday, April 4th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $64.42.

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lululemon athletica inc. (LULU) opened at 59.81 on Monday. The firm’s 50-day moving average price is $51.98 and its 200 day moving average price is $59.64. lululemon athletica inc. has a one year low of $47.26 and a one year high of $81.81. The firm has a market cap of $8.18 billion, a P/E ratio of 28.33 and a beta of 0.23.

lululemon athletica inc. (NASDAQ:LULU) last announced its quarterly earnings results on Thursday, June 1st. The apparel retailer reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. lululemon athletica inc. had a return on equity of 23.43% and a net margin of 12.21%. The company had revenue of $520.30 million for the quarter, compared to the consensus estimate of $513.99 million. During the same quarter last year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year.

In other news, Director Glenn Murphy bought 97,728 shares of the company’s stock in a transaction on Monday, June 26th. The stock was purchased at an average cost of $55.50 per share, for a total transaction of $5,423,904.00. Following the completion of the transaction, the director now owns 100,344 shares of the company’s stock, valued at $5,569,092. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. increased its position in lululemon athletica inc. by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,925 shares of the apparel retailer’s stock valued at $142,000 after buying an additional 121 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in lululemon athletica inc. by 40.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,500 shares of the apparel retailer’s stock valued at $182,000 after buying an additional 1,000 shares in the last quarter. Suntrust Banks Inc. purchased a new position in lululemon athletica inc. during the first quarter valued at approximately $206,000. Prospera Financial Services Inc purchased a new position in lululemon athletica inc. during the first quarter valued at approximately $210,000. Finally, Canada Pension Plan Investment Board increased its position in lululemon athletica inc. by 80.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,358 shares of the apparel retailer’s stock valued at $226,000 after buying an additional 1,948 shares in the last quarter. Hedge funds and other institutional investors own 79.85% of the company’s stock.

lululemon athletica inc. 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 inc. (NASDAQ:LULU)

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