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.

Lululemon Athletica Price Performance

LULU Stock traded up $4.71 during midday trading on Friday, hitting $321.69. The company's stock had a trading volume of 754,952 shares, compared to its average volume of 936,217. The company's fifty day moving average price is $293.12 and its 200 day moving average price is $315.06. Lululemon Athletica has a twelve month low of $251.51 and a twelve month high of $485.83. The stock has a market capitalization of $41.06 billion, a P/E ratio of 40.88, a PEG ratio of 1.70 and a beta of 1.30.

Lululemon Athletica (NASDAQ:LULU - Get Rating) last announced its quarterly earnings data on Thursday, June 2nd. The apparel retailer reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.05. Lululemon Athletica had a net margin of 15.36% and a return on equity of 39.23%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm posted $1.16 EPS. The company's quarterly revenue was up 31.6% on a year-over-year basis. Equities analysts expect that Lululemon Athletica will post 9.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LULU shares. Truist Financial raised shares of Lululemon Athletica from a "hold" rating to a "buy" rating and lifted their price target for the stock from $390.00 to $495.00 in a research report on Tuesday, April 19th. Morgan Stanley lifted their price target on shares of Lululemon Athletica from $303.00 to $315.00 and gave the stock an "overweight" rating in a research report on Thursday, June 16th. Citigroup reduced their price target on shares of Lululemon Athletica from $400.00 to $345.00 and set a "neutral" rating on the stock in a research report on Friday, June 3rd. Credit Suisse Group reduced their price target on shares of Lululemon Athletica from $450.00 to $410.00 and set an "outperform" rating on the stock in a research report on Friday, June 3rd. Finally, UBS Group reduced their price target on shares of Lululemon Athletica from $395.00 to $296.00 in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $402.61.

Insider Activity

In other news, Director Kourtney Gibson acquired 200 shares of the firm's stock in a transaction dated Wednesday, June 15th. The stock was bought at an average price of $280.12 per share, with a total value of $56,024.00. Following the transaction, the director now directly owns 1,302 shares in the company, valued at approximately $364,716.24. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.46% of the company's stock.