KeyCorp Weighs in on Lululemon Athletica inc.’s FY2018 Earnings (LULU)

Lululemon Athletica inc. (NASDAQ:LULU) – Equities research analysts at KeyCorp lifted their FY2018 EPS estimates for shares of Lululemon Athletica in a research report issued to clients and investors on Wednesday. KeyCorp analyst E. Yruma now forecasts that the apparel retailer will post earnings per share of $2.52 for the year, up from their prior estimate of $2.48. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Lululemon Athletica’s Q4 2018 earnings at $1.26 EPS, Q1 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.65 EPS, Q4 2019 earnings at $1.43 EPS and FY2019 earnings at $2.90 EPS.

Lululemon Athletica (NASDAQ:LULU) last posted its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.04. Lululemon Athletica had a return on equity of 22.52% and a net margin of 10.96%. The firm had revenue of $619.00 million for the quarter, compared to the consensus estimate of $610.56 million. During the same quarter in the prior year, the business earned $0.50 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year.

Several other research analysts also recently issued reports on LULU. Zacks Investment Research raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Monday, September 18th. Canaccord Genuity reaffirmed a “sell” rating and set a $43.00 price objective on shares of Lululemon Athletica in a report on Friday, September 22nd. Robert W. Baird reaffirmed a “buy” rating and set a $72.00 price objective on shares of Lululemon Athletica in a report on Wednesday, October 4th. Oppenheimer reissued an “outperform” rating and issued a $68.00 price target on shares of Lululemon Athletica in a research note on Tuesday, October 10th. Finally, Needham & Company LLC set a $69.00 price target on Lululemon Athletica and gave the company a “buy” rating in a research note on Monday, October 16th. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $72.95.

Lululemon Athletica (NASDAQ LULU) traded down $0.32 during trading hours on Friday, reaching $78.67. The company’s stock had a trading volume of 862,868 shares, compared to its average volume of 1,757,800. Lululemon Athletica has a 12-month low of $47.26 and a 12-month high of $81.92. The firm has a market cap of $10,650.00, a P/E ratio of 39.14, a price-to-earnings-growth ratio of 2.51 and a beta of 0.19.

A number of institutional investors have recently modified their holdings of LULU. Janus Henderson Group PLC raised its stake in Lululemon Athletica by 16,053.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,614,550 shares of the apparel retailer’s stock worth $156,010,000 after buying an additional 2,598,364 shares during the period. Lazard Asset Management LLC acquired a new stake in Lululemon Athletica during the 2nd quarter worth $94,181,000. HS Management Partners LLC raised its stake in Lululemon Athletica by 36.4% during the 2nd quarter. HS Management Partners LLC now owns 2,775,486 shares of the apparel retailer’s stock worth $165,613,000 after buying an additional 741,200 shares during the period. TIAA CREF Investment Management LLC raised its stake in Lululemon Athletica by 145.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,153,948 shares of the apparel retailer’s stock worth $68,856,000 after buying an additional 684,667 shares during the period. Finally, Lodge Hill Capital LLC acquired a new stake in Lululemon Athletica during the 2nd quarter worth $39,978,000. 79.31% of the stock is currently owned by institutional investors and hedge funds.

Lululemon Athletica announced that its Board of Directors has approved a stock buyback program on Wednesday, December 6th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the apparel retailer to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

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About Lululemon Athletica

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.

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

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