lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories 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 and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits. It also provides fitness-related accessories and footwear. The company sells its products through a chain of company-operated stores; outlets and warehouse sales; interactive workout platform; a network of wholesale accounts, such as yoga studios, health clubs, and fitness centers; temporary locations; and license and supply arrangements, as well as directly to consumer through mobile apps and lululemon.com e-commerce website. As of January 30, 2022, it operated 574 company-operated stores under the lululemon brand in the United States, Canada, the People's Republic of China, Australia, the United Kingdom, Japan, New Zealand, Germany, South Korea, Singapore, France, Malaysia, Sweden, Ireland, the Netherlands, Norway, and Switzerland. lululemon athletica inc. was founded in 1998 and is based in Vancouver, Canada.
Lululemon Athletica Price Performance
Shares of Lululemon Athletica stock opened at $316.98 on Friday. Lululemon Athletica has a 1 year low of $251.51 and a 1 year high of $485.83. The company has a market capitalization of $40.46 billion, a P/E ratio of 40.28, a P/E/G ratio of 1.62 and a beta of 1.30. The business has a 50 day moving average price of $292.42 and a 200 day moving average price of $314.92.
Lululemon Athletica (NASDAQ:LULU - Get Rating) last issued its quarterly earnings data on Thursday, June 2nd. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.05. Lululemon Athletica had a return on equity of 39.23% and a net margin of 15.36%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm posted $1.16 EPS. The company's quarterly revenue was up 31.6% compared to the same quarter last year. As a group, research analysts expect that Lululemon Athletica will post 9.44 EPS for the current fiscal year.
Analysts Set New Price Targets
LULU has been the topic of a number of research reports. Cowen cut their price objective on shares of Lululemon Athletica from $507.00 to $497.00 in a research report on Thursday, April 21st. Wedbush initiated coverage on shares of Lululemon Athletica in a research note on Thursday, April 28th. They issued an "outperform" rating and a $430.00 price target on the stock. Piper Sandler restated a "neutral" rating and set a $310.00 price target on shares of Lululemon Athletica in a report on Tuesday, July 26th. Truist Financial raised shares of Lululemon Athletica from a "hold" rating to a "buy" rating and raised their price objective for the stock from $390.00 to $495.00 in a research report on Tuesday, April 19th. Finally, KGI Securities downgraded shares of Lululemon Athletica from an "outperform" rating to a "neutral" rating in a research report on Monday, May 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Lululemon Athletica has a consensus rating of "Moderate Buy" and a consensus target price of $402.61.
Insider Buying and Selling
In other Lululemon Athletica news, Director Kourtney Gibson purchased 200 shares of the business's stock in a transaction on Wednesday, June 15th. The stock was bought at an average cost of $280.12 per share, for a total transaction of $56,024.00. Following the acquisition, the director now owns 1,302 shares of the company's stock, valued at approximately $364,716.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.