Lululemon Athletica inc. (NASDAQ:LULU) saw a downside of -1.11% to $380.05 after subtracting -$4.28 on Tuesday. The 5-day average trading volume is 1,288,426 shares of the company’s common stock. It has gained $397.99 in the past week and touched a new high 1 time within the past 5 days. An average of 1,436,706 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,230,013.
LULU’s 1-month performance is 3.96% or $14.41 on its low of $362.97 reached on 08/28/23. The company’s shares have touched a 52-week low of $277.50 and high of $406.94, with the stock’s rally to the 52-week high happening on 09/05/23. YTD, LULU has achieved 18.63% or $59.62 and has reached a new high 19 times. However, the current price is down -6.61% from the 52-week high price.
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Insider Transactions
LULU stock investors last saw insider trading activity on Sep 06.Choe Michelle Sun (Chief Product Officer) most recently sold 27,981 shares at $401.00 per share on Sep 06. This transaction cost the insider $11,220,381. Pres Americas & Global Guest, BURGOYNE CELESTE, sold 17,343 shares at a price of $362.00 on Mar 31.
Valuation Metrics
LULU stock has a beta of 1.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.44 while the price-to-book (PB) in the most recent quarter is 13.63, with the price to cash flow ratio at 51.16.
Lululemon Athletica inc.’s quick ratio for the period ended July 30 was 1.20, with the current ratio over the same period at 2.40. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.28, while the total debt to equity was 0.34. In terms of profitability, the gross margin trailing 12 months is 56.66%. The trailing 12-month EBITDA margin is 24.97% while for the period ending July 30, Lululemon Athletica inc.’s operating margin was 21.51%. The firm’s gross profit as reported stood at $4.49 billion against revenue of $8.11 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 15.25% to $341.6 million, while revenue of $290.41 million was 14.99% off the previous quarter. Analysts expected LULU to announce $2.54 per share in earnings in its latest quarter, but it posted $2.68, representing a 5.50% surprise. EBITDA for the quarter stood at more than $573.27 million. LULU stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 2.46 billion, with total debt at $1.19 billion. Shareholders hold equity totaling $126.54 million.
Let’s look briefly at Lululemon Athletica inc. (LULU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 41.19% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.05%.
The stock’s 5-day moving average is $385.63, reflecting a -1.16% or -$4.45 change from its current price. LULU is currently trading +3.87% above its 20-day SMA, -0.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.96% and SMA200 by+2.06%.
Stochastic %K and %D was 21.03% and 25.44% and the average true range (ATR) pointed at 8.85. The RSI (14) points at 45.26%, while the 14-day stochastic is at 8.12% with the period’s ATR at 8.91. The stock’s 9-day MACD Oscillator is pointing at -1.88 and -4.73 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Lululemon Athletica inc. (NASDAQ: LULU), Needham launched coverage with a Buy rating. Analysts offering their rating for LULU stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate LULU as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 4 rates the stock as overweight while 22 have offered a “buy” rating.
What is LULU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $250.00 and a high of $585.00, with their median price target at $450.00. Looking at these predictions, the average price target given by analysts is for Lululemon Athletica inc. (LULU) stock is $439.61.
