Lululemon Athletica - LULU Stock Forecast, Price & News

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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. KeyCorp assumed coverage on Lululemon Athletica in a research note on Wednesday, July 20th. They set an "overweight" rating and a $350.00 price target on the stock. Morgan Stanley upped their price target on Lululemon Athletica from $303.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, June 16th. Piper Sandler reiterated a "neutral" rating and issued a $310.00 price objective on shares of Lululemon Athletica in a report on Tuesday, July 26th. BMO Capital Markets dropped their price objective on Lululemon Athletica from $344.00 to $304.00 in a report on Friday, June 3rd. Finally, Wells Fargo & Company dropped their price objective on Lululemon Athletica from $370.00 to $345.00 and set an "equal weight" rating for the company in a report on Friday, June 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $402.61.

Lululemon Athletica Stock Up 0.6 %

Shares of NASDAQ:LULU traded up $1.79 during midday trading on Monday, hitting $323.48. 7,643 shares of the company's stock were exchanged, compared to its average volume of 1,440,151. Lululemon Athletica has a 12 month low of $251.51 and a 12 month high of $485.83. The company's 50 day moving average price is $293.12 and its 200 day moving average price is $315.12. The firm has a market capitalization of $41.29 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 1.70 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Rating) last released its quarterly earnings results on Thursday, June 2nd. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.05. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lululemon Athletica had a return on equity of 39.23% and a net margin of 15.36%. The firm's quarterly revenue was up 31.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. On average, equities research analysts anticipate that Lululemon Athletica will post 9.44 EPS for the current year.

Insider Activity at Lululemon Athletica

In related news, Director Kourtney Gibson acquired 200 shares of the company's stock in a transaction on Wednesday, June 15th. The stock was purchased at an average cost of $280.12 per share, with a total value of $56,024.00. Following the acquisition, the director now directly owns 1,302 shares of the company's stock, valued at $364,716.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.46% of the stock is currently owned by corporate insiders.