Research Analysts Set Expectations for Lululemon Athletica inc.’s FY2020 Earnings (NASDAQ:LULU)

Lululemon Athletica inc. (NASDAQ:LULU) – Analysts at KeyCorp raised their FY2020 earnings estimates for Lululemon Athletica in a note issued to investors on Thursday, January 16th. KeyCorp analyst E. Yruma now forecasts that the apparel retailer will earn $4.88 per share for the year, up from their prior forecast of $4.78. KeyCorp also issued estimates for Lululemon Athletica’s Q4 2020 earnings at $2.23 EPS and FY2023 earnings at $7.51 EPS.

A number of other research analysts also recently weighed in on the company. BidaskClub upgraded Lululemon Athletica from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Citigroup lifted their price objective on Lululemon Athletica from $230.00 to $245.00 and gave the company a “neutral” rating in a research report on Thursday. William Blair reissued a “buy” rating on shares of Lululemon Athletica in a research report on Thursday, December 5th. Guggenheim lifted their price objective on Lululemon Athletica from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Susquehanna Bancshares reissued a “buy” rating and set a $285.00 price objective on shares of Lululemon Athletica in a research report on Tuesday. Fourteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Lululemon Athletica has a consensus rating of “Buy” and an average price target of $238.41.

Shares of LULU stock traded down $1.51 on Friday, reaching $242.20. 260,270 shares of the company’s stock traded hands, compared to its average volume of 1,633,153. Lululemon Athletica has a 12-month low of $141.01 and a 12-month high of $247.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 2.53. The company has a market capitalization of $31.76 billion, a P/E ratio of 63.07, a price-to-earnings-growth ratio of 2.81 and a beta of 0.68. The business’s 50 day moving average price is $230.62 and its two-hundred day moving average price is $202.97.

Lululemon Athletica (NASDAQ:LULU) last issued its quarterly earnings results on Wednesday, December 11th. The apparel retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. Lululemon Athletica had a return on equity of 39.71% and a net margin of 15.10%. The business had revenue of $916.00 million for the quarter, compared to the consensus estimate of $897.58 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. Lululemon Athletica’s revenue for the quarter was up 22.5% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently bought and sold shares of LULU. Nuveen Asset Management LLC acquired a new position in shares of Lululemon Athletica during the 2nd quarter worth about $211,310,000. BlackRock Inc. increased its stake in Lululemon Athletica by 16.8% during the second quarter. BlackRock Inc. now owns 6,886,727 shares of the apparel retailer’s stock valued at $1,241,057,000 after acquiring an additional 990,207 shares during the period. Vanguard Group Inc. increased its stake in Lululemon Athletica by 5.4% during the second quarter. Vanguard Group Inc. now owns 10,063,552 shares of the apparel retailer’s stock valued at $1,813,552,000 after acquiring an additional 519,269 shares during the period. Point72 Asset Management L.P. increased its stake in Lululemon Athletica by 144.1% during the second quarter. Point72 Asset Management L.P. now owns 719,821 shares of the apparel retailer’s stock valued at $129,719,000 after acquiring an additional 424,937 shares during the period. Finally, Invesco Ltd. increased its stake in Lululemon Athletica by 31.2% during the second quarter. Invesco Ltd. now owns 1,750,678 shares of the apparel retailer’s stock valued at $315,490,000 after acquiring an additional 416,753 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

In other Lululemon Athletica news, Director David M. Mussafer sold 4,673 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $217.00, for a total value of $1,014,041.00. Following the completion of the sale, the director now owns 18,947 shares of the company’s stock, valued at $4,111,499. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Stuart Haselden sold 27,451 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $232.78, for a total value of $6,390,043.78. Following the completion of the sale, the chief operating officer now directly owns 15,247 shares of the company’s stock, valued at approximately $3,549,196.66. The disclosure for this sale can be found here. 0.34% of the stock is owned by insiders.

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.

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

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