During the recent session, Lululemon Athletica inc. (NASDAQ:LULU)’s traded shares were 3.59 million, with the beta value of the company hitting 1.25. At the last check today, the stock’s price was $256.47, reflecting an intraday loss of -0.98% or -$2.54. The 52-week high for the LULU share is $516.39, that puts it down -101.35 from that peak though still a striking 11.88% gain since the share price plummeted to a 52-week low of $226.01. The company’s market capitalization is $32.06B, and the average intraday trading volume over the past 10 days was 2.27 million shares, and the average trade volume was 2.45 million shares over the past three months.
Lululemon Athletica inc. (LULU) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.95. LULU has a Sell rating from 0 analyst(s) out of 23 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 21 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 2.7.
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Lululemon Athletica inc. (NASDAQ:LULU) trade information
Lululemon Athletica inc. (LULU) registered a -0.98% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.98% in intraday trading to $256.47, hitting a weekly high. The stock’s 5-day price performance is -4.50%, and it has moved by 2.98% in 30 days. Based on these gigs, the overall price performance for the year is -31.92%. The short interest in Lululemon Athletica inc. (NASDAQ:LULU) is 4.46 million shares and it means that shorts have 1.9 day(s) to cover.
The consensus price target of analysts on Wall Street is $425, which implies an increase of 39.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $220 and $550 respectively. As a result, LULU is trading at a discount of -114.45% off the target high and 14.22% off the low.
Lululemon Athletica inc. (LULU) estimates and forecasts
Statistics show that Lululemon Athletica inc. has outperformed its competitors in share price, compared to the industry in which it operates. Lululemon Athletica inc. (LULU) shares have gone down -44.06% during the last six months, with a year-to-date growth rate more than the industry average at 9.32% against -2.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 6.70% this quarter and then jump 9.10% in the quarter after that. In the rating firms’ projections, revenue will increase 10.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.41B as predicted by 24 analyst(s). Meanwhile, a consensus of 24 analyst(s) estimates revenue growth to 3.56B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 27.57%. While earnings are projected to return 9.62% in 2024, the next five years will return 11.54% per annum.
LULU Dividends
Lululemon Athletica inc. is due to release its next quarterly earnings on 2024-Dec-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Lululemon Athletica inc. (NASDAQ:LULU)’s Major holders
Lululemon Athletica inc. insiders own 4.54% of total outstanding shares while institutional holders control 91.63%, with the float percentage being 95.99%. FMR LLC is the largest shareholder of the company, while 1594.0 institutions own stock in it. As of 2024-06-30, the company held over 17.9 million shares (or 14.209% of all shares), a total value of $5.35 billion in shares.
The next largest institutional holding, with 11.74 million shares, is of VANGUARD GROUP INC’s that is approximately 9.3199% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.51 billion.
