At the time of writing, Lululemon Athletica inc. [LULU] stock is trading at $344.86, up 1.73%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LULU shares have lost -1.54% over the last week, with a monthly amount drifted -24.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lululemon Athletica inc. [NASDAQ: LULU] stock has seen the most recent analyst activity on April 04, 2024, when Jefferies reiterated its Underperform rating and also revised its price target to $240 from $300. Previously, Needham reaffirmed its Buy rating on March 22, 2024, and dropped its price target to $500. On February 09, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $415 on the stock. HSBC Securities downgraded its rating to a Hold but stick to its price target of $500 on January 22, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and raised its price target to $550 on December 13, 2023. Telsey Advisory Group reiterated a Outperform rating for this stock on December 08, 2023, and upped its price target to $520. In a note dated December 08, 2023, Needham reiterated an Buy rating on this stock and boosted its target price from $470 to $525.
For the past year, the stock price of Lululemon Athletica inc. fluctuated between $326.93 and $516.39. Currently, Wall Street analysts expect the stock to reach $444.77 within the next 12 months. Lululemon Athletica inc. [NASDAQ: LULU] shares were valued at $344.86 at the most recent close of the market. An investor can expect a potential return of 28.97% based on the average LULU price forecast.
Analyzing the LULU fundamentals
According to Lululemon Athletica inc. [NASDAQ:LULU], the company’s sales were 9.62B for trailing twelve months, which represents an 15.63% jump. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.42 and Total Capital is 0.4. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
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 341.92 points at the first support level, and at 338.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 347.12, and for the 2nd resistance point, it is at 349.39.
Ratios To Look Out For
It is important to note that Lululemon Athletica inc. [NASDAQ:LULU] has a current ratio of 2.49. Further, the Quick Ratio stands at 1.68, while the Cash Ratio is 1.38. Considering the valuation of this stock, the price to sales ratio is 4.52, the price to book ratio is 10.29 and price to earnings (TTM) ratio is 28.24.
Transactions by insiders
Recent insider trading involved MORFITT MARTHA A M, Director, that happened on Mar 27 ’24 when 3000.0 shares were purchased. Director, MORFITT MARTHA A M completed a deal on Mar 26 ’24 to buy 700.0 shares. Meanwhile, Chief Executive Officer MCDONALD CALVIN sold 25000.0 shares on Dec 18 ’23.
