The stock of Lululemon Athletica inc. (NASDAQ:LULU) last traded at $489.64, up 5.37% from the previous session.
Data from the available sources indicates that Lululemon Athletica inc. (NASDAQ:LULU) is covered by 35 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $550.00 and a low of $250.00, we find $500.00. Given the previous closing price of $464.67, this indicates a potential upside of 7.6 percent. LULU stock price is now 19.82% away from the 50-day moving average and 30.54% away from the 200-day moving average. The market capitalization of the company currently stands at $61.79B.
In total, 6 analysts have assigned it a hold rating, and 22 have given it a buy rating. Brokers who have rated the stock have averaged $479.29 as their price target over the next twelve months.
With the price target enhanced from $450 to $520, Telsey Advisory Group maintained Outperform rating for Lululemon Athletica inc. (NASDAQ: LULU).
In other news, Choe Michelle Sun, Chief Product Officer sold 27,981 shares of the company’s stock on Sep 06. The stock was sold for $11,220,381 at an average price of $401.00. Upon completion of the transaction, the Chief Product Officer now directly owns 3,892 shares in the company, valued at $1.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 31, Pres Americas & Global Guest BURGOYNE CELESTE sold 17,343 shares of the business’s stock. A total of $6,278,170 was realized by selling the stock at an average price of $362.00. This leaves the insider owning 15,302 shares of the company worth $7.49 million. Insiders disposed of 79,550 shares of company stock worth roughly $38.95 million over the past 1 year. A total of 12.75% of the company’s stock is owned by insiders.
With an opening price of $455.88 on Friday morning, Lululemon Athletica inc. (NASDAQ: LULU) set off the trading day. During the past 12 months, Lululemon Athletica inc. has had a low of $286.58 and a high of $467.63. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 2.32, and a quick ratio of 1.17. According to the stock market information, the enterprise value for the company is $62.04B, which is based on a 62.30 price-to-earnings ratio, a 3.25 price-to-earnings-growth ratio, and a beta of 1.36. The fifty day moving average price for LULU is $410.86 and a two-hundred day moving average price translates $375.95 for the stock.
The latest earnings results from Lululemon Athletica inc. (NASDAQ: LULU) was released for Oct, 2023. According to the Apparel Retail Company, earnings per share came in at $1.96, missing analysts’ expectations of $2.28 by -0.32. This compares to $2.00 EPS in the same period last year. The net profit margin was 10.89% and return on equity was 30.48% for LULU. The company reported revenue of $2.2 billion for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.7 percent. For the current quarter, analysts expect LULU to generate $3.18B 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.
