In yesterday’s Wall Street session, Lululemon Athletica inc. (NASDAQ:LULU) shares traded at $259.47, up 0.18% from the previous session.
LULU stock price is now -4.89% away from the 50-day moving average and -31.90% away from the 200-day moving average. The market capitalization of the company currently stands at $31.86B.
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With the price target reduced from $400 to $324, Wedbush maintained Outperform rating for Lululemon Athletica inc. (NASDAQ: LULU). On August 26, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $470 to quote $360, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, MICHELLE CHOE, Officer bought 6,365 shares of the company’s stock on Aug 28 ’24. The stock was bought for $1,680,590 at an average price of $264.04. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 27 ’24, Director MORFITT MARTHA A M bought 3,000 shares of the business’s stock. A total of $1,167,000 was incurred on buying the stock at an average price of $389.00. This leaves the insider owning 89,445 shares of the company worth $23.21 million. A total of 12.55% of the company’s stock is owned by insiders.
During the past 12 months, Lululemon Athletica inc. has had a low of $226.01 and a high of $516.39. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 2.43, and a quick ratio of 1.46. According to the stock market information, the enterprise value for the company is $31705600000, which is based on a 20.05 price-to-earnings ratio, a 2.02 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for LULU is $271.7946 and a two-hundred day moving average price translates $380.1998 for the stock.
The latest earnings results from Lululemon Athletica inc. (NASDAQ: LULU) was released for 2024-07-28. The net profit margin was 16.34% and return on equity was 43.16% for LULU. The company reported revenue of $2.37 billion for the quarter, compared to $2.21 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.33 percent.
