Lululemon Athletica (LULU) Projected to Post Earnings on Thursday

Lululemon Athletica (NASDAQ:LULU) is projected to release its earnings data before the market opens on Thursday, March 20th. Analysts expect Lululemon Athletica to post earnings of $5.83 per share and revenue of $3.59 billion for the quarter.

Lululemon Athletica Trading Down 0.9 %

Shares of LULU stock opened at $316.49 on Thursday. The business’s 50-day moving average price is $379.38 and its 200-day moving average price is $334.06. Lululemon Athletica has a 12 month low of $226.01 and a 12 month high of $480.94. The firm has a market capitalization of $38.54 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.22 and a beta of 1.21.

Insider Activity at Lululemon Athletica

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now directly owns 6,198 shares in the company, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lululemon Athletica

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

Analysts Set New Price Targets

LULU has been the topic of a number of research reports. TD Securities boosted their target price on shares of Lululemon Athletica from $382.00 to $383.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $438.00 price objective (up previously from $370.00) on shares of Lululemon Athletica in a research note on Friday, December 6th. Evercore ISI raised their target price on Lululemon Athletica from $440.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Robert W. Baird increased their price target on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $399.14.

About Lululemon Athletica

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.