Lululemon Athletica inc. (LULU) concluded trading on Thursday ata closing price of $256.55, with 3.21 million shares of worth about $822.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -44.31% during that period and on August 15, 2024 the price saw a gain of about 6.68%. Currently the company’s common shares owned by public are about 121.11M shares, out of which, 109.32M shares are available for trading.
However, the stock later moved at a day high price of 258.34, or with a gain of 6.68%. Stock saw a price change of 6.12% in past 5 days and over the past one month there was a price change of -12.34%. Year-to-date (YTD), LULU shares are showing a performance of -49.82% which decreased to -33.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $226.01 but also hit the highest price of $516.39 during that period. The average intraday trading volume for Lululemon Athletica inc. shares is 2.61 million. The stock is currently trading 1.21% above its 20-day simple moving average (SMA20), while that difference is down -9.60% for SMA50 and it goes to -33.99% 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 85.69% of that.
The stock has a current market capitalization of $32.07B and its 3Y-monthly beta is at 1.26. PE ratio of stock for trailing 12 months is 20.56, while it has posted earnings per share of $12.48 in the same period. Its PEG reads 1.78 and has Quick Ratio of 1.75 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 2.24% while standing at 3.34% over the month.
Analysts are in expectations that Lululemon Athletica inc. (LULU) stock would likely to be making an EPS of 2.94 in the current quarter, while forecast for next quarter EPS is 2.74 and it is 15.37 for next year. For the current quarter EPS, analysts have given the company a lowest target 2.82 which is 3.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 2.68 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 10.72% while it is estimated to increase by 9.16% in next year. EPS is likely to shrink at an annualized rate of 11.54% 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 Goldman on August 02, 2024 offering a Neutral rating for the stock and assigned a target price range of between $463 and $286 to it. Coverage by JP Morgan stated Lululemon Athletica inc. (LULU) stock as an Overweight in their note to investors on July 25, 2024, suggesting a price target of $338 for the stock. On July 25, 2024, Citigroup Downgrade their recommendations, while on June 06, 2024, HSBC Securities Upgrade their ratings for the stock with a price target of $425. Stock get an Outperform rating from Telsey Advisory Group on June 06, 2024.
