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

Lululemon Athletica stock traded up $4.71 during trading hours on Friday, hitting $321.69. The company had a trading volume of 754,952 shares, compared to its average volume of 936,217. Lululemon Athletica has a fifty-two week low of $251.51 and a fifty-two week high of $485.83. The firm has a market capitalization of $41.06 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 1.68 and a beta of 1.30. The firm's fifty day moving average is $293.12 and its 200-day moving average is $314.97.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LULU. Morgan Stanley upped their price target on shares of Lululemon Athletica from $303.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, June 16th. Cowen dropped their price objective on Lululemon Athletica from $507.00 to $497.00 in a research note on Thursday, April 21st. Sanford C. Bernstein upgraded Lululemon Athletica to a "hold" rating and set a $300.00 price objective for the company in a report on Friday, June 24th. Cowen lowered their target price on Lululemon Athletica from $507.00 to $497.00 in a report on Thursday, April 21st. Finally, Citigroup cut their price target on shares of Lululemon Athletica from $400.00 to $345.00 and set a "neutral" 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $402.61.

Insider Transactions at Lululemon Athletica

In other news, Director Kourtney Gibson purchased 200 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was acquired at an average price of $280.12 per share, with a total value of $56,024.00. Following the purchase, the director now owns 1,302 shares in the company, valued at approximately $364,716.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.46% of the company's stock.