Lululemon Athletica inc. (NASDAQ: LULU) is -10.56% lower on its value in year-to-date trading and has touched a low of $286.58 and a high of $516.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LULU stock was last observed hovering at around $448.54 in the last trading session, with the day’s gains setting it 8.74%.
Currently trading at $457.28, the stock is -0.21% and -3.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 1.95% at the moment leaves the stock 10.27% off its SMA200. LULU registered 51.51% gain for a year compared to 6-month gain of 14.61%. The firm has a 50-day simple moving average (SMA 50) of $6.29 and a 200-day simple moving average (SMA200) of $24.36.
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The stock witnessed a 0.16% loss in the last 1 month and extending the period to 3 months gives it a 0.08%, and is -2.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.89% over the week and 2.10% over the month.
Lululemon Athletica inc. (LULU) has around 34000 employees, a market worth around $57.70B and $9.19B in sales. Current P/E ratio is 58.18 and Fwd P/E is 32.01. Profit margin for the company is 10.89%. Distance from 52-week low is 59.57% and -11.45% from its 52-week high. The company has generated returns on investments over the last 12 months (22.35%).
Lululemon Athletica inc. quarterly earnings per share for the current quarter are estimated at $5 with sales reaching $3.2B over the same period.The EPS is expected to grow by 23.89% this year, but quarterly earnings will post 18.30% year-over-year. Quarterly sales are estimated to grow 15.30% in year-over-year returns.
1,701 institutions hold shares in Lululemon Athletica inc. (LULU), with institutional investors hold 97.86% of the company’s shares. The shares outstanding are 122.20M, and float is at 110.06M with Short Float at 2.45%. Institutions hold 93.10% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 18.33 million shares valued at $6.94 billion. The investor’s holdings represent 14.49% of the LULU Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 7.59 million shares valued at $2.87 billion to account for 6.00% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 7.29 million shares representing 5.76% and valued at over $2.76 billion, while Jennison Associates LLC holds 3.78% of the shares totaling 4.78 million with a market value of $1.81 billion.
Lululemon Athletica inc. (LULU) Insider Activity
The most recent transaction is an insider sale by MCDONALD CALVIN, the company’s Chief Executive Officer. SEC filings show that MCDONALD CALVIN sold 25,000 shares of the company’s common stock on Dec 18 ’23 at a price of $497.50 per share for a total of $12.44 million. Following the sale, the insider now owns 73793.0 shares.
Lululemon Athletica inc. disclosed in a document filed with the SEC on Dec 18 ’23 that FRANK MEGHAN (Chief Financial Officer) sold a total of 1,553 shares of the company’s common stock. The trade occurred on Dec 18 ’23 and was made at $500.00 per share for $0.78 million. Following the transaction, the insider now directly holds 8381.0 shares of the LULU stock.
Still, SEC filings show that on Dec 18 ’23, NEUBURGER NICOLE (Chief Brand Officer) disposed off 705 shares at an average price of $500.00 for $0.35 million. The insider now directly holds 3,996 shares of Lululemon Athletica inc. (LULU).
