Analysts predict that Lululemon Athletica inc. (NASDAQ:LULU) will post $912.56 million in sales for the current quarter, Zacks reports. Ten analysts have issued estimates for Lululemon Athletica’s earnings, with estimates ranging from $907.40 million to $915.60 million. Lululemon Athletica posted sales of $789.94 million during the same quarter last year, which suggests a positive year over year growth rate of 15.5%. The company is expected to report its next earnings results on Wednesday, April 4th.
According to Zacks, analysts expect that Lululemon Athletica will report full-year sales of $912.56 million for the current year, with estimates ranging from $2.60 billion to $2.64 billion. For the next financial year, analysts expect that the firm will post sales of $2.95 billion per share, with estimates ranging from $2.84 billion to $3.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lululemon Athletica.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.04. Lululemon Athletica had a net margin of 10.96% and a return on equity of 22.52%. The company had revenue of $619.00 million for the quarter, compared to analysts’ expectations of $610.56 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Lululemon Athletica’s revenue for the quarter was up 13.7% on a year-over-year basis.
In other news, major shareholder Dennis J. Wilson sold 722,134 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $77.47, for a total transaction of $55,943,720.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.29% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Lululemon Athletica by 132.6% during the third quarter. Bank of New York Mellon Corp now owns 1,014,384 shares of the apparel retailer’s stock valued at $63,146,000 after purchasing an additional 578,248 shares during the period. ArrowMark Colorado Holdings LLC raised its holdings in shares of Lululemon Athletica by 4.8% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,004,622 shares of the apparel retailer’s stock valued at $78,953,000 after purchasing an additional 45,572 shares during the period. Geode Capital Management LLC raised its holdings in shares of Lululemon Athletica by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 976,136 shares of the apparel retailer’s stock valued at $76,672,000 after purchasing an additional 6,483 shares during the period. Millennium Management LLC raised its holdings in shares of Lululemon Athletica by 340.6% during the fourth quarter. Millennium Management LLC now owns 855,796 shares of the apparel retailer’s stock valued at $67,257,000 after purchasing an additional 661,547 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Lululemon Athletica by 37.6% during the fourth quarter. Jennison Associates LLC now owns 839,936 shares of the apparel retailer’s stock valued at $66,011,000 after purchasing an additional 229,552 shares during the period. Hedge funds and other institutional investors own 78.70% of the company’s stock.
Shares of Lululemon Athletica (NASDAQ:LULU) traded up $0.64 during trading on Friday, hitting $81.10. 1,945,565 shares of the company traded hands, compared to its average volume of 1,722,827. Lululemon Athletica has a one year low of $47.26 and a one year high of $83.59. The company has a market capitalization of $11,010.00, a PE ratio of 40.35, a price-to-earnings-growth ratio of 2.11 and a beta of 0.26.
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 outstanding shares. This buyback authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management 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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