At the last check on Thursday, Lululemon Athletica Inc.’s (NASDAQ:LULU) stock was down -$2.23, moving down -0.57 percent to $389.65. The average number of shares traded per day over the past five days has been 1,060,875 shares. 3 times new highs have been achieved over the past 5 days, with a $0.58 gain in that time frame. In the last twenty days, the average volume was 1,447,169, while in the previous 50 days, it was 1,184,097.
Since last month, LULU stock rose 2.70%. Shares of the company fell to $359.81 on 08/24/23, the lowest level in the past month. A 52-week high of $406.94 was reached on 09/05/23 after having rallying from a 52-week low of $277.50. Since the beginning of this year, LULU’s stock price has risen by 21.62% or $68.93, and marked a new high 19 times. However, the stock has declined by -4.25% since its 52-week high.
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LULU stock investors should be aware that Lululemon Athletica Inc. (LULU) stock had its last reported insider trading activity 15 days ago on Sep 06. Choe Michelle Sun, the Chief Product Officer of the company, disposed of 27,981 shares for $401.00 on Sep 06. It resulted in a $11,220,381 divestment by the insider. BURGOYNE CELESTE sold 17,343 shares at an average price of $362.00 on Mar 31. The insider now owns 15,302 shares following the transaction.
Valuation Metrics
Right now, Lululemon Athletica Inc. (LULU) has a P/E ratio of about 49.35. The stock’s beta is 1.38. Besides these, the trailing price-to-sales (P/S) ratio of 5.34, the price-to-book (PB) ratio of 14.00, and the price-to-cash flow ratio of 48.66 may also be considered.
Financial Health
In the three months ended July 30, Lululemon Athletica Inc.’s quick ratio stood at 1.20, while its current ratio was 2.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 56.70% percent. In the year ended July 30, EBITDA margin amounted to 24.97%, whereas operating margins totaled 17.50%. Based on annual data, LULU earned $4.49 billion in gross profit and brought in $8.11 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 27.00%. Return on equity (ROE) for the past 12 months was 30.90%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LULU’s revenue rose 15.4% to $2.0 billion during the quarter, while net income inched up to $2.21 billion. While analysts expected Lululemon Athletica Inc. to report $2.54 quarterly earnings, the actual figure was $2.68 per share, beating the consensus estimate by 5.50%. During the quarter, the company generated $573.27 million in EBITDA. The liabilities of Lululemon Athletica Inc. were 2.46 billion at the end of its most recent quarter ended July 30, and its total debt was $1.19 billion. The value of shareholders’ equity is $126.54 million.
Technical Picture
This quick technical analysis looks at Lululemon Athletica Inc.’s (LULU) price momentum. With a historical volatility rate of 19.16%, the RSI 9-day stood at 51.99% on 20 September.
With respect to its five-day moving average, the current Lululemon Athletica Inc. price is up by +0.15% percent or $0.58. At present, LULU shares trade +3.07% above its 20-day simple moving average and +2.47% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.56% above its SMA50 and +0.86% above its SMA200.
Stochastic coefficient K was 38.58% and Stochastic coefficient D was 42.10%, while ATR was 9.20. Given the Stochastic reading of 35.96% for the 14-day period, the RSI (14) reading has been calculated as 52.69%. As of today, the MACD Oscillator reading stands at -0.52, while the 14-day reading stands at -4.45.
Analyst Ratings
Needham launched its rating on Lululemon Athletica Inc. (NASDAQ: LULU) to a Buy in a note to investors on September 20, 2023. Lululemon Athletica Inc. (LULU) has been rated Overweight by analysts. According to 2 brokerage firms, LULU is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 4 analysts rate Lululemon Athletica Inc. stock as buy, with 22 recommending it as overweight.
With a median target price of $450.00, the current consensus forecast for the stock is $250.00 – $585.00. Based on these forecasts, analysts predict Lululemon Athletica Inc. (LULU) will achieve an average price target of $444.59.
