Lululemon Athletica (LULU) Expected to Announce Earnings on Thursday

Lululemon Athletica (NASDAQ:LULU) is anticipated to post its quarterly earnings results 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. Parties interested in participating in the company’s conference call can do so using this link.

Lululemon Athletica Stock Performance

NASDAQ LULU opened at $337.35 on Wednesday. Lululemon Athletica has a fifty-two week low of $226.01 and a fifty-two week high of $423.32. The stock has a market cap of $41.08 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. The stock has a 50 day simple moving average of $367.61 and a two-hundred day simple moving average of $338.66.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Raymond James reiterated an “outperform” rating and issued a $430.00 price target (up previously from $400.00) on shares of Lululemon Athletica in a report on Wednesday, January 15th. Wells Fargo & Company boosted their price target on shares of Lululemon Athletica from $350.00 to $375.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Sanford C. Bernstein upgraded shares of Lululemon Athletica from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $360.00 to $460.00 in a report on Tuesday, January 7th. Evercore ISI lifted their price objective on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Finally, TD Cowen increased their target price on Lululemon Athletica from $382.00 to $383.00 in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $397.10.

Insider Activity

In related news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the transaction, the insider now directly owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.

Institutional Inflows and Outflows

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

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.