Lululemon Athletica (LULU) Expected to Announce Quarterly Earnings on Thursday

Lululemon Athletica (NASDAQ:LULU) is projected to announce its earnings results after the market closes on Thursday, March 27th. Analysts expect the company to announce earnings of $5.83 per share and revenue of $3.59 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Lululemon Athletica Trading Up 3.8 %

NASDAQ LULU opened at $334.96 on Tuesday. The company has a market cap of $40.79 billion, a P/E ratio of 24.18, a P/E/G ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a 1 year low of $226.01 and a 1 year high of $423.32. The company has a fifty day simple moving average of $368.64 and a 200 day simple moving average of $338.07.

Insiders Place Their Bets

In other news, insider Nicole Neuburger sold 2,022 shares of Lululemon Athletica stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the sale, the insider now owns 6,198 shares in the company, valued at $2,399,307.78. The trade was a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.48% of the company’s stock.

Institutional Trading of Lululemon Athletica

A hedge fund recently bought a new stake in Lululemon Athletica stock. Brighton Jones LLC acquired a new position in shares of Lululemon Athletica Inc. (NASDAQ:LULU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,121 shares of the apparel retailer’s stock, valued at approximately $429,000. 85.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LULU shares. Needham & Company LLC raised Lululemon Athletica from a “hold” rating to a “buy” rating and set a $475.00 price objective for the company in a research report on Friday, January 10th. Jefferies Financial Group reissued an “underperform” rating and issued a $220.00 price objective on shares of Lululemon Athletica in a research report on Monday, December 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $438.00 price target (up from $370.00) on shares of Lululemon Athletica in a report on Friday, December 6th. Barclays boosted their price objective on shares of Lululemon Athletica from $378.00 to $411.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Finally, Evercore ISI upped their price target on Lululemon Athletica from $440.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. One 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $397.10.

Lululemon Athletica Company Profile

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.