Brokerages forecast that Lululemon Athletica inc. (NASDAQ:LULU) will announce earnings of $1.74 per share for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Lululemon Athletica’s earnings, with the lowest EPS estimate coming in at $1.73 and the highest estimate coming in at $1.75. Lululemon Athletica reported earnings per share of $1.33 in the same quarter last year, which suggests a positive year over year growth rate of 30.8%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, March 27th.

According to Zacks, analysts expect that Lululemon Athletica will report full year earnings of $3.74 per share for the current financial year, with EPS estimates ranging from $3.67 to $3.76. For the next year, analysts forecast that the firm will post earnings of $4.40 per share, with EPS estimates ranging from $4.26 to $4.59. Zacks’ EPS averages are an average based on a survey of research analysts that cover Lululemon Athletica.

A number of equities analysts have issued reports on the stock. BidaskClub downgraded shares of Lululemon Athletica from a “hold” rating to a “sell” rating in a report on Friday. Nomura reaffirmed a “neutral” rating and set a $157.00 price objective (up from $140.00) on shares of Lululemon Athletica in a report on Tuesday, February 19th. They noted that the move was a valuation call. MKM Partners lifted their price objective on shares of Lululemon Athletica from $177.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, January 16th. Wolfe Research reaffirmed an “outperform” rating and set a $182.00 price objective (up from $177.00) on shares of Lululemon Athletica in a report on Tuesday, January 15th. Finally, Buckingham Research raised shares of Lululemon Athletica from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $160.94.

LULU traded down $2.39 during mid-day trading on Friday, reaching $141.79. 2,250,498 shares of the stock were exchanged, compared to its average volume of 2,052,681. The company has a market capitalization of $19.07 billion, a price-to-earnings ratio of 54.75, a P/E/G ratio of 1.72 and a beta of 0.51. Lululemon Athletica has a 1 year low of $77.97 and a 1 year high of $164.79.

In other Lululemon Athletica news, major shareholder Dennis J. Wilson sold 1,379,000 shares of the company’s stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $145.00, for a total transaction of $199,955,000.00. Following the sale, the insider now directly owns 3,852 shares of the company’s stock, valued at $558,540. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Dennis J. Wilson sold 847,000 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $136.53, for a total transaction of $115,640,910.00. Following the sale, the insider now directly owns 3,852 shares in the company, valued at $525,913.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,914,928 shares of company stock worth $414,622,960. Insiders own 0.32% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LULU. Oregon Public Employees Retirement Fund lifted its holdings in Lululemon Athletica by 11,283.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,059,463 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 4,023,801 shares during the last quarter. Jennison Associates LLC purchased a new stake in Lululemon Athletica during the fourth quarter valued at about $314,834,000. Norges Bank purchased a new stake in Lululemon Athletica during the fourth quarter valued at about $161,284,000. Vanguard Group Inc lifted its holdings in Lululemon Athletica by 10.6% during the third quarter. Vanguard Group Inc now owns 9,411,318 shares of the apparel retailer’s stock valued at $1,529,244,000 after purchasing an additional 899,080 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Lululemon Athletica by 10.6% during the third quarter. Vanguard Group Inc. now owns 9,411,318 shares of the apparel retailer’s stock valued at $1,529,244,000 after purchasing an additional 899,080 shares during the last quarter. 78.47% of the stock is currently owned by institutional investors and hedge funds.

About Lululemon Athletica

lululemon athletica inc., an athletic apparel company, 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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