Lululemon Athletica (LULU) Set to Announce Earnings on Tuesday

Lululemon Athletica (NASDAQ:LULU) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, March 27th. Analysts expect the company to announce earnings of $1.27 per share for the quarter.

Shares of Lululemon Athletica stock opened at $79.51 on Friday. Lululemon Athletica has a 1 year low of $47.26 and a 1 year high of $83.98. The firm has a market cap of $10,979.24, a PE ratio of 39.56, a P/E/G ratio of 2.08 and a beta of 0.22.

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Lululemon Athletica announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the apparel retailer to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

In related news, major shareholder Dennis J. Wilson sold 722,134 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $77.47, for a total transaction of $55,943,720.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by corporate insiders.

Several research analysts have commented on the stock. SunTrust Banks upped their target price on shares of Lululemon Athletica to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. Zacks Investment Research cut shares of Lululemon Athletica from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. MKM Partners upped their target price on shares of Lululemon Athletica from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Robert W. Baird restated an “in-line” rating and issued a $82.00 target price (up previously from $72.00) on shares of Lululemon Athletica in a research report on Thursday, December 7th. Finally, Needham & Company LLC upped their target price on shares of Lululemon Athletica from $79.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Lululemon Athletica currently has a consensus rating of “Buy” and a consensus target price of $75.03.

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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.

Earnings History for Lululemon Athletica (NASDAQ:LULU)

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