In the last trading session, 2.59 million shares of the Lululemon Athletica inc. (NASDAQ:LULU) were traded, and its beta was 1.25. Most recently the company’s share price was $304.15, and it changed around $5.16 or 1.73% from the last close, which brings the market valuation of the company to $37.34B. LULU currently trades at a discount to its 52-week high of $516.39, offering almost -69.78% off that amount. The share price’s 52-week low was $226.01, which indicates that the current value has risen by an impressive 25.69% since then. We note from Lululemon Athletica inc.’s average daily trading volume that its 10-day average is 2.02 million shares, with the 3-month average coming to 2.27 million.
Lululemon Athletica inc. stock received a consensus recommendation rating of Hold, based on a mean score of 1.97. If we narrow it down even further, the data shows that 1 out of 35 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 15 recommended LULU as a Hold, whereas 11 deemed it a Buy, and 1 rated it as Underweight. Lululemon Athletica inc. is expected to report earnings per share of 2.68 for the current quarter.
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Lululemon Athletica inc. (NASDAQ:LULU) trade information
Instantly LULU has showed a green trend with a performance of 1.73% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 313.09 on recent trading dayincreased the stock’s daily price by 2.86%. The company’s shares are currently down -40.51% year-to-date, but still up 4.29% over the last five days. On the other hand, Lululemon Athletica inc. (NASDAQ:LULU) is 13.14% up in the 30-day period. We can see from the shorts that 5.65 million shares have been sold at a short interest cover period of 2.85 day(s).
The consensus price target as assigned by Wall Street analysts is $397, which translates to bulls needing to increase their stock price by 23.39% from its current value. Analyst projections state that LULU is forecast to be at a low of $220 and a high of $550.
Lululemon Athletica inc. (LULU) estimates and forecasts
Lululemon Athletica inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -16.60 percent over the past six months and at a 9.79% annual growth rate that is well above the industry average of -1.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 5.90% in revenue this quarter, and will report an increase of 5.50% in the next quarter. The year-over-year growth rate is expected to be 8.20%, up from the previous year.
Consensus estimates provided by 23 financial analysts predict the company will bring in an average of 2.35B in revenue for the current quarter. 23 analysts expect Lululemon Athletica inc. to make 3.48B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 8.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 27.57%. Lululemon Athletica inc. earnings are expected to increase by 9.40% in 2024, but the outlook is positive 9.16% per year for the next five years.
LULU Dividends
Lululemon Athletica inc.’s next quarterly earnings report is expected to be released in November.
Lululemon Athletica inc. (NASDAQ:LULU)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.63% of Lululemon Athletica inc. shares, and 94.65% of them are in the hands of institutional investors. The stock currently has a share float of 99.25%. Lululemon Athletica inc. stock is held by 1589.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 14.209% of the shares, which is about 17.9 million shares worth $5.35 billion.
VANGUARD GROUP INC, with 9.3199% or 11.74 million shares worth $3.51 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
