Research Analysts Issue Forecasts for Lululemon Athletica inc.’s Q3 2020 Earnings (NASDAQ:LULU)

Lululemon Athletica inc. (NASDAQ:LULU) – Equities research analysts at William Blair increased their Q3 2020 earnings per share estimates for Lululemon Athletica in a research note issued to investors on Wednesday, December 4th. William Blair analyst S. Zackfia now forecasts that the apparel retailer will earn $0.94 per share for the quarter, up from their prior estimate of $0.92. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Lululemon Athletica’s Q4 2020 earnings at $2.13 EPS, FY2020 earnings at $4.76 EPS and FY2021 earnings at $5.62 EPS.

A number of other research analysts also recently weighed in on LULU. JPMorgan Chase & Co. raised their target price on shares of Lululemon Athletica from $200.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Barclays started coverage on shares of Lululemon Athletica in a research report on Monday, November 25th. They issued an “overweight” rating and a $257.00 target price for the company. BidaskClub raised shares of Lululemon Athletica from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Co raised their target price on shares of Lululemon Athletica from $210.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lululemon Athletica in a research report on Friday, September 6th. Thirteen research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $221.97.

Shares of LULU stock opened at $229.65 on Monday. The company has a market capitalization of $29.88 billion, a price-to-earnings ratio of 59.80, a P/E/G ratio of 2.76 and a beta of 0.66. Lululemon Athletica has a 12-month low of $110.71 and a 12-month high of $233.53. The firm has a fifty day moving average of $214.15 and a 200-day moving average of $192.44. The company has a quick ratio of 1.52, a current ratio of 2.41 and a debt-to-equity ratio of 0.38.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Beck Bode LLC lifted its stake in shares of Lululemon Athletica by 0.6% during the 3rd quarter. Beck Bode LLC now owns 20,292 shares of the apparel retailer’s stock worth $3,907,000 after buying an additional 129 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its stake in shares of Lululemon Athletica by 23.5% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 8,699 shares of the apparel retailer’s stock worth $1,675,000 after buying an additional 1,657 shares during the last quarter. National Pension Service lifted its stake in shares of Lululemon Athletica by 5.4% during the 3rd quarter. National Pension Service now owns 158,635 shares of the apparel retailer’s stock worth $30,542,000 after buying an additional 8,119 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Lululemon Athletica by 1.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 73,259 shares of the apparel retailer’s stock worth $14,105,000 after buying an additional 1,083 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Lululemon Athletica during the 3rd quarter worth about $230,000. Institutional investors own 79.84% of the company’s stock.

Lululemon Athletica Company Profile

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. It operates through two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits; and athletic wear for female youth.

Further Reading: What is the S&P/TSX Index?

Earnings History and Estimates for Lululemon Athletica (NASDAQ:LULU)

Receive News & Ratings for Lululemon Athletica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lululemon Athletica and related companies with MarketBeat.com's FREE daily email newsletter.