Lululemon Athletica Inc. (NASDAQ:LULU) has a beta value of 1.33 and has seen 0.71 million shares traded in the last trading session. The company, currently valued at $50.55B, closed the last trade at $388.33 per share which meant it lost -$0.04 on the day or -0.01% during that session. The LULU stock price is -7.6% off its 52-week high price of $417.85 and 30.66% above the 52-week low of $269.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.86 million shares traded. The 3-month trading volume is 890.72K shares.
The consensus among analysts is that Lululemon Athletica Inc. (LULU) is an Overweight stock at the moment, with a recommendation rating of 2.00. 1 analysts rate the stock as a Sell, while 3 rate it as Overweight. 9 out of 30 have rated it as a Hold, with 17 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.18.
Lululemon Athletica Inc. (NASDAQ:LULU) trade information
Sporting -0.01% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the LULU stock price touched $388.33 or saw a rise of 7.06%. Year-to-date, Lululemon Athletica Inc. shares have moved 11.58%, while the 5-day performance has seen it change -4.35%. Over the past 30 days, the shares of Lululemon Athletica Inc. (NASDAQ:LULU) have changed -6.29%. Short interest in the company has seen 1.85 million shares shorted with days to cover at 1.68.
Wall Street analysts have a consensus price target for the stock at $402.40, which means that the shares’ value could jump 3.5% from current levels. The projected low price target is $275.00 while the price target rests at a high of $466.00. In that case, then, we find that the current price level is -20.0% off the targeted high while a plunge would see the stock lose 29.18% from current levels.
Lululemon Athletica Inc. (LULU) estimates and forecasts
Figures show that Lululemon Athletica Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 34.40% over the past 6 months, with this year growth rate of 48.94%, compared to 32.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 59.50% and 14.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 34.90%.
19 analysts offering their estimates for the company have set an average revenue estimate of $1.33 billion for the current quarter. 19 have an estimated revenue figure of $1.32 billion for the next quarter concluding in Oct 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.90% over the past 5 years. Earnings growth for 2021 is a modest -8.70% while over the next 5 years, the company’s earnings are expected to increase by 29.05%.
Lululemon Athletica Inc. is expected to release its next earnings report between September 06 and September 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Lululemon Athletica Inc. (NASDAQ:LULU)’s Major holders
Insiders own 4.29% of the company shares, while shares held by institutions stand at 87.12% with a share float percentage of 91.03%. Investors are also buoyed by the number of investors in a company, with Lululemon Athletica Inc. having a total of 1,217 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 18.77 million shares worth more than $5.76 billion. As of Mar 30, 2021, FMR, LLC held 15.03% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 8.75 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $2.68 billion and represent 7.00% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Growth Company Fund and Vanguard Total Stock Market Index Fund. As of Apr 29, 2021, the former fund manager holds about 4.77% shares in the company for having 5.96 million shares of worth $2.0 billion while later fund manager owns 3.35 million shares of worth $1.03 billion as of Mar 30, 2021, which makes it owner of about 2.68% of company’s outstanding stock.