Lululemon Athletica inc. (NASDAQ:LULU) shares traded 0.04% higher at $299.73 on Wall Street last session.
LULU stock price is now -19.34% away from the 50-day moving average and -28.09% away from the 200-day moving average. The market capitalization of the company currently stands at $37.74B.
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On April 29, 2024, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $546 to quote $395, while ‘Jefferies’ rates the stock as ‘Underperform’
In other news, MORFITT MARTHA A M, Director bought 3,000 shares of the company’s stock on Mar 27 ’24. The stock was bought for $1,167,000 at an average price of $389.00. Upon completion of the transaction, the Director now directly owns 89,445 shares in the company, valued at $26.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 26 ’24, Director MORFITT MARTHA A M bought 700 shares of the business’s stock. A total of $272,501 was incurred on buying the stock at an average price of $389.29. This leaves the insider owning 500 shares of the company worth $0.15 million. A total of 12.44% of the company’s stock is owned by insiders.
During the past 12 months, Lululemon Athletica inc. has had a low of $295.74 and a high of $516.39. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 2.49, and a quick ratio of 1.68. According to the stock market information, the enterprise value for the company is $36928348160, which is based on a 24.55 price-to-earnings ratio, a 2.17 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for LULU is $368.303 and a two-hundred day moving average price translates $416.39685 for the stock.
The latest earnings results from Lululemon Athletica inc. (NASDAQ: LULU) was released for 2024-01-28. The net profit margin was 16.12% and return on equity was 42.01% for LULU. The company reported revenue of $3.21 billion for the quarter, compared to $2.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.63 percent.
