Lululemon Athletica (LULU) is slated to release its results for the fourth quarter and 2016 overall on Wednesday, March 29.
Wall Street expects an 18.8% YoY (year-over-year) increase in Lululemon’s 4Q16 earnings to $1.01 per share on total sales of $783.5 million.
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The company’s earnings per share rose 11.7% in 9M16 (the first nine months of 2016) to $1.15. Total sales rose 14.6% YoY to $1.55 billion during the period.
The company has a market capitalization of $8.75 billion (as of March 17, 2017).
ETF investors seeking to add exposure to LULU can consider the iShares Edge MSCI Multifactor Consumer Discretionary ETF (CNDF), which invests 1.5% of its portfolio in LULU.
The average 12-month price target from the 35 analysts covering LULU is $73.81, indicating an upside of ~16% over the next one-year period.
Of the 35 analysts, 18 have recommended a “buy” on the stock, 15 have recommended a “hold,” and two analysts have recommended selling the stock.
In this series, we’ll look at Lululemon’s year-to-date performance and provide a view of its expected performance in 4Q16. Towards the end, we’ll briefly touch upon the company’s stock market performance and Wall Street recommendations.