Lululemon Athletica (LULU) to Release Earnings on Thursday

Lululemon Athletica (NASDAQ:LULU) is projected to release its earnings data after the market closes on Thursday, March 27th. Analysts expect Lululemon Athletica to post earnings of $5.83 per share and revenue of $3.59 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Lululemon Athletica Stock Up 3.8 %

LULU opened at $334.96 on Tuesday. The company’s 50-day moving average price is $368.64 and its 200 day moving average price is $338.07. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The firm has a market cap of $40.79 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21.

Analysts Set New Price Targets

A number of research firms recently issued reports on LULU. Robert W. Baird boosted their price objective on Lululemon Athletica from $380.00 to $440.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Raymond James reaffirmed an “outperform” rating and issued a $430.00 price objective (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. KeyCorp boosted their target price on shares of Lululemon Athletica from $400.00 to $420.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. William Blair reaffirmed an “outperform” rating on shares of Lululemon Athletica in a report on Friday, December 6th. Finally, Oppenheimer raised their target price on Lululemon Athletica from $380.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lululemon Athletica currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.10.

Insider Activity at Lululemon Athletica

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on 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 sale, the insider now owns 6,198 shares of the company’s stock, valued at $2,399,307.78. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.48% of the stock is owned by insiders.

Institutional Trading of Lululemon Athletica

A hedge fund recently bought a new stake in Lululemon Athletica stock. Brighton Jones LLC bought a new stake in shares of Lululemon Athletica Inc. (NASDAQ:LULU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,121 shares of the apparel retailer’s stock, valued at approximately $429,000. 85.20% of the stock is owned by hedge funds and other institutional investors.

Lululemon Athletica Company Profile

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.