Lululemon Athletica Inc. (NASDAQ:LULU) shares traded 6.01% higher at $404.19 on Wall Street last session.
In accordance with the data, 34 analysts cover Lululemon Athletica Inc. (NASDAQ:LULU). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $585.00 and a low of $250.00, we find $450.00. Given the previous closing price of $381.26, this indicates a potential upside of 18.03 percent. LULU stock price is now 6.92% away from the 50-day moving average and 15.57% away from the 200-day moving average. The market capitalization of the company currently stands at $46.49B.
It has been rated a hold by 5 analysts and a buy by 20. Brokers who have rated the stock have averaged $437.76 as their price target over the next twelve months.
With the price target enhanced from $430 to $450, Telsey Advisory Group maintained Outperform rating for Lululemon Athletica Inc. (NASDAQ: LULU).
In other news, BURGOYNE CELESTE, Pres Americas & Global Guest sold 17,343 shares of the company’s stock on Mar 31. The stock was sold for $6,278,170 at an average price of $362.00. Upon completion of the transaction, the Pres Americas & Global Guest now directly owns 15,302 shares in the company, valued at $6.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12, Director Henry Kathryn sold 189 shares of the business’s stock. A total of $66,491 was realized by selling the stock at an average price of $351.80. This leaves the insider owning 4,102 shares of the company worth $1.66 million. Insiders disposed of 51,758 shares of company stock worth roughly $20.92 million over the past 1 year. A total of 4.86% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LULU stock. A new stake in Lululemon Athletica Inc. shares was purchased by LORD, ABBETT & CO. LLC during the first quarter worth $83,041,000. AVALA GLOBAL LP invested $47,977,000 in shares of LULU during the first quarter. In the first quarter, CANDLESTICK CAPITAL MANAGEMENT LP acquired a new stake in Lululemon Athletica Inc. valued at approximately $37,516,000. CASTLE HOOK PARTNERS LP acquired a new stake in LULU for approximately $26,607,000. BRAUN STACEY ASSOCIATES INC purchased a new stake in LULU valued at around $19,669,000 in the second quarter. In total, there are 1,494 active investors with 89.00% ownership of the company’s stock.
Lululemon Athletica Inc. (NASDAQ: LULU) opened at $393.00 on Friday. During the past 12 months, Lululemon Athletica Inc. has had a low of $277.50 and a high of $394.64. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.40, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $51.23B, which is based on a 54.07 price-to-earnings ratio, a 2.97 price-to-earnings-growth ratio, and a beta of 1.39. The fifty day moving average price for LULU is $378.56 and a two-hundred day moving average price translates $349.99 for the stock.
The latest earnings results from Lululemon Athletica Inc. (NASDAQ: LULU) was released for Jul, 2023. According to the Apparel Retail Company, earnings per share came in at $2.68, beating analysts’ expectations of $2.54 by 0.14. This compares to $2.26 EPS in the same period last year. The net profit margin was 11.90% and return on equity was 30.90% for LULU. The company reported revenue of $2.21 billion for the quarter, compared to $1.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.24 percent. For the current quarter, analysts expect LULU to generate $2.19B in revenue.
Lululemon Athletica Inc.(LULU) Company Profile
Lululemon Athletica Inc., together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness- inspired accessories and footwear. The company sells its products through a chain of company-operated stores; outlets; interactive workout platform; yoga and fitness studios, university campus retailers, and other partners; license and supply arrangements; recommerce; and temporary locations, as well as through mobile apps and lululemon.com e-commerce website. It has operations in the United States, the People’s Republic of China, Canada, Australia, the United Kingdom, South Korea, Germany, New Zealand, Singapore, Japan, France, Ireland, Spain, Malaysia, Sweden, the Netherlands, Norway, and Switzerland. The company was founded in 1998 and is based in Vancouver, Canada.
