Lululemon Athletica Inc. (NASDAQ:LULU) – Analysts at Jefferies Financial Group increased their Q3 2022 EPS estimates for Lululemon Athletica in a research report issued to clients and investors on Thursday, September 9th. Jefferies Financial Group analyst R. Konik now forecasts that the apparel retailer will post earnings per share of $1.38 for the quarter, up from their prior estimate of $1.25. Jefferies Financial Group also issued estimates for Lululemon Athletica’s FY2022 earnings at $7.48 EPS and FY2023 earnings at $9.10 EPS.
Lululemon Athletica (NASDAQ:LULU) last announced its earnings results on Tuesday, September 7th. The apparel retailer reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.46. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.33 billion. Lululemon Athletica had a net margin of 14.96% and a return on equity of 34.16%. Lululemon Athletica’s quarterly revenue was up 60.7% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share.
Shares of LULU opened at $420.50 on Monday. The firm’s 50 day simple moving average is $396.95 and its 200 day simple moving average is $350.42. The company has a market capitalization of $54.73 billion, a P/E ratio of 66.53, a P/E/G ratio of 3.06 and a beta of 1.36. Lululemon Athletica has a 1-year low of $269.28 and a 1-year high of $434.22.
In other Lululemon Athletica news, insider Michelle Sun Choe sold 21,223 shares of the business’s stock in a transaction dated Thursday, September 9th. The stock was sold at an average price of $424.75, for a total value of $9,014,469.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celeste Burgoyne sold 14,362 shares of the business’s stock in a transaction dated Tuesday, June 29th. The stock was sold at an average price of $366.95, for a total value of $5,270,135.90. Following the completion of the transaction, the insider now directly owns 9,477 shares of the company’s stock, valued at approximately $3,477,585.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,585 shares of company stock worth $18,558,305. Company insiders own 0.39% of the company’s stock.
A number of large investors have recently modified their holdings of the business. Artisan Partners Limited Partnership bought a new position in shares of Lululemon Athletica during the 1st quarter valued at approximately $202,758,000. Price T Rowe Associates Inc. MD grew its stake in shares of Lululemon Athletica by 6.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,628,764 shares of the apparel retailer’s stock valued at $3,149,240,000 after acquiring an additional 540,785 shares during the period. Renaissance Technologies LLC bought a new position in shares of Lululemon Athletica during the 1st quarter valued at approximately $143,990,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Lululemon Athletica in the 2nd quarter worth approximately $127,445,000. Finally, American Century Companies Inc. boosted its stake in Lululemon Athletica by 41.7% in the 2nd quarter. American Century Companies Inc. now owns 1,172,144 shares of the apparel retailer’s stock worth $427,797,000 after purchasing an additional 344,667 shares during the period. 79.83% of the stock is owned by institutional investors and hedge funds.
About Lululemon Athletica
lululemon athletica, Inc engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following business segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.
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