Lululemon Athletica inc. (NASDAQ:LULU) – Investment analysts at DA Davidson upped their Q1 2020 earnings per share estimates for shares of Lululemon Athletica in a research report issued on Friday, March 29th, according to Zacks Investment Research. DA Davidson analyst J. Morris now forecasts that the apparel retailer will post earnings of $0.70 per share for the quarter, up from their prior estimate of $0.66. DA Davidson has a “Neutral” rating and a $155.00 price target on the stock. DA Davidson also issued estimates for Lululemon Athletica’s Q3 2020 earnings at $0.87 EPS, Q4 2020 earnings at $2.10 EPS, FY2020 earnings at $4.52 EPS, Q1 2021 earnings at $0.80 EPS, Q2 2021 earnings at $0.98 EPS, Q3 2021 earnings at $1.00 EPS, Q4 2021 earnings at $2.37 EPS and FY2021 earnings at $5.14 EPS.
Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, March 27th. The apparel retailer reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. Lululemon Athletica had a net margin of 14.71% and a return on equity of 35.49%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business earned $1.33 earnings per share. The business’s quarterly revenue was up 25.6% on a year-over-year basis.
NASDAQ LULU traded up $2.13 on Monday, reaching $172.01. 2,400,300 shares of the company’s stock traded hands, compared to its average volume of 2,365,628. Lululemon Athletica has a 12 month low of $91.75 and a 12 month high of $173.07. The stock has a market capitalization of $22.48 billion, a P/E ratio of 44.79, a PEG ratio of 2.02 and a beta of 0.52.
A number of institutional investors have recently made changes to their positions in LULU. Oregon Public Employees Retirement Fund lifted its position in Lululemon Athletica by 11,283.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,059,463 shares of the apparel retailer’s stock valued at $33,000 after buying an additional 4,023,801 shares during the period. Jennison Associates LLC purchased a new position in Lululemon Athletica during the fourth quarter valued at $314,834,000. Norges Bank purchased a new position in Lululemon Athletica during the fourth quarter valued at $161,284,000. Vanguard Group Inc lifted its position in Lululemon Athletica by 10.6% during 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 buying an additional 899,080 shares during the period. Finally, Vanguard Group Inc. lifted its position in Lululemon Athletica by 10.6% during 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 buying an additional 899,080 shares during the period. 79.50% of the stock is owned by institutional investors and hedge funds.
In related news, Director Dennis J. Wilson sold 288,856 shares of Lululemon Athletica stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $155.79, for a total value of $45,000,876.24. Following the sale, the director now owns 3,852 shares in the company, valued at $600,103.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Stuart Haselden sold 49,319 shares of the firm’s stock in a transaction on Friday, March 29th. The shares were sold at an average price of $164.62, for a total value of $8,118,893.78. Following the transaction, the chief operating officer now directly owns 24,685 shares of the company’s stock, valued at approximately $4,063,644.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,587,272 shares of company stock worth $378,855,992. 0.32% of the stock is currently owned by company insiders.
Lululemon Athletica declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 27th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the apparel retailer to reacquire up to 2.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.
Lululemon Athletica Company Profile
lululemon athletica, Inc engages in the design, distribution, and retail of athletic apparel and accessories. It company operates through the following segments: Company-Operated Stores, Direct to Consumer, and Other. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize athletic wear for female youth.
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