Equities research analysts predict that Lululemon Athletica inc. (NASDAQ:LULU) will report sales of $754.10 million for the current quarter, Zacks reports. Twelve analysts have made estimates for Lululemon Athletica’s earnings, with the lowest sales estimate coming in at $748.87 million and the highest estimate coming in at $766.47 million. Lululemon Athletica posted sales of $649.71 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.1%. The company is expected to announce its next quarterly earnings results on Thursday, May 30th.
According to Zacks, analysts expect that Lululemon Athletica will report full year sales of $3.75 billion for the current year, with estimates ranging from $3.74 billion to $3.80 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.27 billion, with estimates ranging from $4.17 billion to $4.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Lululemon Athletica.
Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Wednesday, March 27th. The apparel retailer reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company earned $1.33 earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis.
Shares of NASDAQ LULU traded up $1.88 during midday trading on Friday, reaching $169.88. The stock had a trading volume of 1,282,039 shares, compared to its average volume of 2,364,630. The stock has a market cap of $22.00 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 2.01 and a beta of 0.52. Lululemon Athletica has a 12-month low of $91.19 and a 12-month high of $172.90.
Lululemon Athletica declared that its board has approved a stock buyback plan on Wednesday, March 27th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the apparel retailer to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.
In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 244,539 shares of the stock in a transaction on Monday, January 28th. The shares were sold at an average price of $149.83, for a total transaction of $36,639,278.37. Following the completion of the transaction, the insider now owns 3,852 shares in the company, valued at $577,145.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Dennis J. Wilson sold 444,389 shares of the stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $140.39, for a total transaction of $62,387,771.71. Following the transaction, the insider now owns 3,852 shares of the company’s stock, valued at approximately $540,782.28. The disclosure for this sale can be found here. Insiders have sold 2,587,272 shares of company stock valued at $378,855,992 in the last quarter. 0.32% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. D.B. Root & Company LLC lifted its holdings in shares of Lululemon Athletica by 3.2% in the 1st quarter. D.B. Root & Company LLC now owns 5,301 shares of the apparel retailer’s stock worth $869,000 after acquiring an additional 166 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Lululemon Athletica by 12.5% in the 1st quarter. First Citizens Bank & Trust Co. now owns 9,846 shares of the apparel retailer’s stock worth $1,613,000 after acquiring an additional 1,093 shares during the last quarter. Calamos Wealth Management LLC lifted its holdings in shares of Lululemon Athletica by 9.8% in the 1st quarter. Calamos Wealth Management LLC now owns 21,110 shares of the apparel retailer’s stock worth $3,459,000 after acquiring an additional 1,880 shares during the last quarter. Lake Street Financial LLC bought a new stake in shares of Lululemon Athletica in the 1st quarter worth about $270,000. Finally, Gofen & Glossberg LLC IL bought a new stake in shares of Lululemon Athletica in the 1st quarter worth about $216,000. Institutional investors and hedge funds own 79.50% of the company’s stock.
About Lululemon Athletica
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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