Lululemon Athletica inc. (NASDAQ:LULU) shares traded -15.80% lower at $403.19 on Wall Street last session.
LULU stock price is now -13.37% away from the 50-day moving average and -4.25% away from the 200-day moving average. The market capitalization of the company currently stands at $50.81B.
With the price target reduced from $525 to $500, Needham maintained Buy rating for Lululemon Athletica inc. (NASDAQ: LULU). On February 09, 2024, Exane BNP Paribas Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $430 to quote $415, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, MCDONALD CALVIN, Chief Executive Officer sold 25,000 shares of the company’s stock on Dec 18 ’23. The stock was sold for $12,437,539 at an average price of $497.50. Upon completion of the transaction, the Chief Executive Officer now directly owns 73,793 shares in the company, valued at $29.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’23, Chief Financial Officer FRANK MEGHAN sold 1,553 shares of the business’s stock. A total of $776,500 was realized by selling the stock at an average price of $500.00. This leaves the insider owning 8,381 shares of the company worth $3.38 million. A total of 12.78% of the company’s stock is owned by insiders.
During the past 12 months, Lululemon Athletica inc. has had a low of $300.78 and a high of $516.39. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 2.49, and a quick ratio of 1.68. According to the stock market information, the enterprise value for the company is $49.81B, which is based on a 33.02 price-to-earnings ratio, a 2.68 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for LULU is $463.82 and a two-hundred day moving average price translates $421.34 for the stock.
The latest earnings results from Lululemon Athletica inc. (NASDAQ: LULU) was released for Jan, 2024. According to the Apparel Retail Company, earnings per share came in at $5.29, beating analysts’ expectations of $5 by 0.29. This compares to $0.94 EPS in the same period last year. The net profit margin was 16.12% and return on equity was 42.01% for LULU. The company reported revenue of $3.21 billion for the quarter, compared to $2.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.63 percent. For the current quarter, analysts expect LULU to generate $2.24B in revenue.
