Lululemon Athletica (LULU) Expected to Announce Quarterly Earnings on Thursday

Lululemon Athletica (NASDAQ:LULU) is expected to be posting its quarterly earnings results after the market closes on Thursday, March 27th. Analysts expect Lululemon Athletica to post earnings of $5.83 per share and revenue of $3.59 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Lululemon Athletica Trading Up 0.7 %

NASDAQ:LULU opened at $337.35 on Wednesday. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $423.32. The firm’s 50 day moving average is $367.61 and its 200 day moving average is $338.66. The stock has a market capitalization of $41.08 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Insider Transactions at Lululemon Athletica

In related news, insider Nicole Neuburger sold 2,022 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares of the company’s stock, valued at approximately $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lululemon Athletica stock. Brighton Jones LLC bought a new position in Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,121 shares of the apparel retailer’s stock, valued at approximately $429,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Oppenheimer upped their price target on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Telsey Advisory Group restated an “outperform” rating and issued a $445.00 price objective on shares of Lululemon Athletica in a research note on Thursday, March 20th. UBS Group increased their target price on shares of Lululemon Athletica from $315.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Piper Sandler upped their price target on shares of Lululemon Athletica from $260.00 to $340.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $397.10.

Lululemon Athletica Company Profile

Lululemon Athletica Inc, together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories.