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12-Month Median Price Target: $64.50
Implied Potential Return: 4%
Forward Annual Dividend Yield: N/A
Current Analyst Coverage Breakdown: Of the 24 analysts covering the shares, 13 have either strong buy (6) or buy (7) ratings vs. 10 holds and one underperform.
Commentary: Everyone's favorite supplier of yoga apparel has already popped the cork on the fourth quarter to some extent, lifting its outlook earlier this week ahead of an appearance by CEO Christine Day at an investor conference in Miami.
The company now expects earnings of 47 to 49 cents a share for the December-ended quarter, up from its prior profit view of 40 to 42 cents a share. Revenue is now projected to come in between $358 million to $363 million vs. a previous projection of $327 million to $333 million. Same-store sales are seen rising in the low-to-mid 20% range.
Shares of lululemon are up more than 70% in the past year, and it's close to making another run at its 52-week high of $64.49 set back on July 20.
The performance has backed up the valuation though. If fourth-quarter revenue comes in at the midpoiint of the company's updated view -- $360.5 million -- it would represent an increase of more than 90% from the first-quarter total of $186.8 million.
Check out TheStreet's quote page for lululemon Athletica for year-to-date share performance, analyst ratings, earnings estimates and much more.