Wall Street brokerages forecast that lululemon athletica inc. (NASDAQ:LULU) will report sales of $610.97 million for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for lululemon athletica inc.’s earnings, with the lowest sales estimate coming in at $586.80 million and the highest estimate coming in at $615.46 million. lululemon athletica inc. reported sales of $544.42 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.2%. The company is expected to announce its next quarterly earnings results on Wednesday, December 6th.

According to Zacks, analysts expect that lululemon athletica inc. will report full-year sales of $610.97 million for the current fiscal year, with estimates ranging from $2.55 billion to $2.60 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.86 billion per share, with estimates ranging from $2.73 billion to $2.99 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for lululemon athletica inc..

lululemon athletica inc. (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, August 31st. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. lululemon athletica inc. had a return on equity of 22.51% and a net margin of 11.68%. The business had revenue of $581.10 million during the quarter, compared to analysts’ expectations of $567.40 million. During the same quarter last year, the company posted $0.38 earnings per share. lululemon athletica inc.’s quarterly revenue was up 12.9% on a year-over-year basis.

Several equities research analysts have commented on LULU shares. Robert W. Baird reiterated an “outperform” rating and issued a $70.00 price objective on shares of lululemon athletica inc. in a research note on Friday, June 9th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $58.00 price objective on shares of lululemon athletica inc. in a research note on Wednesday, June 14th. Vetr lowered shares of lululemon athletica inc. from a “strong-buy” rating to a “buy” rating and set a $58.10 price objective for the company. in a research note on Monday, June 19th. Cowen and Company reiterated an “outperform” rating and issued a $64.00 price objective on shares of lululemon athletica inc. in a research note on Wednesday, June 21st. Finally, BidaskClub upgraded shares of lululemon athletica inc. from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.76.

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lululemon athletica inc. (NASDAQ:LULU) opened at 61.34 on Thursday. The company’s 50-day moving average price is $60.15 and its 200-day moving average price is $56.66. lululemon athletica inc. has a 12-month low of $47.26 and a 12-month high of $72.70. The company has a market cap of $8.30 billion, a PE ratio of 29.60 and a beta of 0.20.

A number of large investors have recently modified their holdings of the stock. USA Financial Portformulas Corp purchased a new position in lululemon athletica inc. in the 2nd quarter worth $861,000. Grandeur Peak Global Advisors LLC raised its position in lululemon athletica inc. by 1,021.5% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 79,625 shares of the apparel retailer’s stock worth $4,751,000 after purchasing an additional 72,525 shares during the period. Scotia Capital Inc. raised its position in lululemon athletica inc. by 23.0% in the 2nd quarter. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer’s stock worth $311,000 after purchasing an additional 978 shares during the period. IHT Wealth Management LLC raised its position in lululemon athletica inc. by 591.0% in the 2nd quarter. IHT Wealth Management LLC now owns 1,382 shares of the apparel retailer’s stock worth $105,000 after purchasing an additional 1,182 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in lululemon athletica inc. in the 2nd quarter worth $3,363,000. Institutional investors own 80.43% of the company’s stock.

lululemon athletica inc. Company Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.

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Earnings History and Estimates for lululemon athletica inc. (NASDAQ:LULU)

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