Lululemon Athletica inc. (LULU) concluded trading on Wednesday at a closing price of $299.63, with 8.91 million shares of worth about $2.67 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -30.09% during that period and on May 22, 2024 the price saw a loss of about -7.23%. Currently the company’s common shares owned by public are about 121.11M shares, out of which, 110.25M shares are available for trading.
Stock saw a price change of -13.61% in past 5 days and over the past one month there was a price change of -17.84%. Year-to-date (YTD), LULU shares are showing a performance of -41.40% which decreased to -17.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $322.15 but also hit the highest price of $516.39 during that period. The average intraday trading volume for Lululemon Athletica inc. shares is 2.07 million. The stock is currently trading -14.34% below its 20-day simple moving average (SMA20), while that difference is down -20.08% for SMA50 and it goes to -28.18% lower than SMA200.
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Lululemon Athletica inc. (NASDAQ: LULU) currently have 121.11M outstanding shares and institutions hold larger chunk of about 86.31% of that.
The stock has a current market capitalization of $37.73B and its 3Y-monthly beta is at 1.26. PE ratio of stock for trailing 12 months is 24.54, while it has posted earnings per share of $12.21 in the same period. Its PEG reads 2.17 and has Quick Ratio of 1.68 while making debt-to-equity ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LULU, volatility over the week remained 2.74% while standing at 2.19% over the month.
Stock’s fiscal year EPS is expected to rise by 11.06% while it is estimated to increase by 11.52% in next year. EPS is likely to shrink at an annualized rate of 11.30% for next 5-years, compared to annual growth of 27.57% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on May 08, 2024 offering a Buy rating for the stock and assigned a target price of $425 to it. Coverage by Barclays stated Lululemon Athletica inc. (LULU) stock as an Equal weight in their note to investors on April 29, 2024, suggesting a price target of $395 for the stock. On April 04, 2024, Jefferies Reiterated their recommendations, while on March 22, 2024, Needham Reiterated their ratings for the stock with a price target of $500. Stock get an Underperform rating from Exane BNP Paribas on February 09, 2024.
