At the time of writing, Lululemon Athletica inc. [LULU] stock is trading at $465.28, up 1.64%. An important factor to consider is whether the stock is rising or falling in short-term value. The LULU shares have gain 4.31% over the last week, with a monthly amount drifted -1.05%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, lululemon athletica inc. Announces Fourth Quarter and Full Year Fiscal 2023 Earnings Conference Call. In a post published today on Yahoo Finance, lululemon athletica inc. (NASDAQ: LULU) today announced that its financial results for the fourth quarter and full year fiscal 2023 will be released Thursday, March 21, 2024. The company will host a conference call at 4:30 p.m. Eastern time to discuss the financial results.
From an analyst’s perspective:
Lululemon Athletica inc. [NASDAQ: LULU] stock has seen the most recent analyst activity on February 09, 2024, when Exane BNP Paribas downgraded its rating to a Underperform and also revised its price target to $415 from $430. Previously, HSBC Securities downgraded its rating to Hold on January 22, 2024, and kept the price target unchanged to $500. On December 13, 2023, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $550 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $520 on December 08, 2023. Needham reiterated its recommendation of a Buy and raised its price target to $525 on December 08, 2023. Raymond James downgraded its rating to Outperform for this stock on December 05, 2023, and upped its price target to $495. In a note dated December 04, 2023, Wells Fargo downgraded an Equal Weight rating on this stock but restated the target price of $445.
For the past year, the stock price of Lululemon Athletica inc. fluctuated between $286.58 and $516.39. Currently, Wall Street analysts expect the stock to reach $420.06 within the next 12 months. Lululemon Athletica inc. [NASDAQ: LULU] shares were valued at $465.28 at the most recent close of the market. An investor can expect a potential drop of -9.72% based on the average LULU price forecast.
Analyzing the LULU fundamentals
According to Lululemon Athletica inc. [NASDAQ:LULU], the company’s sales were 9.19B for trailing twelve months, which represents an 18.70% jump. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.3 and Total Capital is 0.34. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 459.94 points at the first support level, and at 454.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 469.24, and for the 2nd resistance point, it is at 473.20.
Lululemon Athletica inc. [LULU] reported earnings per share of $2.53 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.28/share, meaning a difference of $0.25 and a surprise factor of 11.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $2.68 per share as compared to estimates of $2.54 per share, a difference of $0.14 representing a surprise of 5.50%.
Ratios To Look Out For
It is important to note that Lululemon Athletica inc. [NASDAQ:LULU] has a current ratio of 2.32. On the other hand, the Quick Ratio is 1.17, and the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 6.39, the price to book ratio is 16.66 and price to earnings (TTM) ratio is 59.20.
Transactions by insiders
Recent insider trading involved MCDONALD CALVIN, Chief Executive Officer, that happened on Dec 18 ’23 when 25000.0 shares were sold. Chief Financial Officer, FRANK MEGHAN completed a deal on Dec 18 ’23 to sell 1553.0 shares. Meanwhile, Chief Brand Officer NEUBURGER NICOLE sold 705.0 shares on Dec 18 ’23.
