Q3 2022 Earnings Estimate for Lululemon Athletica Inc. (NASDAQ:LULU) Issued By Jefferies Financial Group

Lululemon Athletica Inc. (NASDAQ:LULU) – Equities research analysts at Jefferies Financial Group upped their Q3 2022 earnings per share (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 previous 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.

A number of other research analysts have also recently weighed in on LULU. MKM Partners lifted their target price on Lululemon Athletica from $390.00 to $419.00 and gave the company a “buy” rating in a report on Tuesday, September 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Lululemon Athletica from $436.00 to $474.00 and gave the company a “buy” rating in a research report on Thursday, September 9th. JPMorgan Chase & Co. raised their price objective on Lululemon Athletica from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, September 9th. Robert W. Baird raised their price objective on Lululemon Athletica from $435.00 to $485.00 and gave the company an “outperform” rating in a research report on Thursday, September 9th. Finally, Guggenheim raised their price objective on Lululemon Athletica from $450.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, September 9th. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $445.33.

Shares of Lululemon Athletica stock opened at $420.50 on Monday. Lululemon Athletica has a twelve month low of $269.28 and a twelve month high of $434.22. The stock has a market capitalization of $54.73 billion, a P/E ratio of 66.53, a PEG ratio of 3.06 and a beta of 1.36. The business’s fifty day moving average price is $396.95 and its 200 day moving average price is $350.42.

Lululemon Athletica (NASDAQ:LULU) last issued its earnings results on Tuesday, September 7th. The apparel retailer reported $1.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.46. Lululemon Athletica had a return on equity of 34.16% and a net margin of 14.96%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 60.7% compared to the same quarter last year.

In other news, insider Michelle Sun Choe sold 21,223 shares of the business’s stock in a transaction that occurred on Thursday, September 9th. The stock was sold at an average price of $424.75, for a total transaction of $9,014,469.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Calvin Mcdonald sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 9th. The stock was sold at an average price of $427.37, for a total value of $4,273,700.00. Following the transaction, the chief executive officer now owns 53,409 shares of the company’s stock, valued at $22,825,404.33. The disclosure for this sale can be found here. Insiders sold 45,585 shares of company stock valued at $18,558,305 over the last quarter. Insiders own 0.39% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bartlett & Co. LLC raised its holdings in Lululemon Athletica by 12.5% during the second quarter. Bartlett & Co. LLC now owns 225 shares of the apparel retailer’s stock worth $82,000 after purchasing an additional 25 shares in the last quarter. Lincoln National Corp raised its holdings in Lululemon Athletica by 3.5% during the second quarter. Lincoln National Corp now owns 898 shares of the apparel retailer’s stock worth $327,000 after purchasing an additional 30 shares in the last quarter. FinTrust Capital Advisors LLC raised its holdings in Lululemon Athletica by 25.2% during the second quarter. FinTrust Capital Advisors LLC now owns 149 shares of the apparel retailer’s stock worth $54,000 after purchasing an additional 30 shares in the last quarter. Blueshift Asset Management LLC raised its holdings in Lululemon Athletica by 1.3% during the second quarter. Blueshift Asset Management LLC now owns 2,826 shares of the apparel retailer’s stock worth $1,031,000 after purchasing an additional 36 shares in the last quarter. Finally, Greytown Advisors Inc. raised its holdings in Lululemon Athletica by 4.3% during the second quarter. Greytown Advisors Inc. now owns 864 shares of the apparel retailer’s stock worth $315,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 79.83% of the company’s stock.

Lululemon Athletica Company Profile

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

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