Lululemon Athletica (LULU) Projected to Post Earnings on Thursday

Lululemon Athletica (NASDAQ:LULU - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $5.83 per share and revenue of $3.59 billion for the quarter.

Lululemon Athletica Stock Down 0.9 %

Shares of NASDAQ LULU opened at $316.49 on Thursday. The business's 50 day moving average price is $379.38 and its two-hundred day moving average price is $334.06. The company has a market cap of $38.54 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.21. Lululemon Athletica has a twelve month low of $226.01 and a twelve month high of $480.94.

Analyst Ratings Changes

A number of research firms recently weighed in on LULU. Morgan Stanley increased their price target on Lululemon Athletica from $414.00 to $420.00 and gave the company an "overweight" rating in a research note on Wednesday, January 15th. Stifel Nicolaus reissued a "buy" rating and issued a $438.00 price objective (up from $370.00) on shares of Lululemon Athletica in a research report on Friday, December 6th. Robert W. Baird lifted their target price on shares of Lululemon Athletica from $380.00 to $440.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. 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 research note on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price objective on shares of Lululemon Athletica from $350.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $399.14.

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Insider Buying and Selling

In other Lululemon Athletica news, insider Nicole Neuburger sold 2,022 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $387.11, for a total transaction of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares of the company's stock, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lululemon Athletica

An institutional investor recently bought a new position in Lululemon Athletica stock. Brighton Jones LLC bought a new stake in Lululemon Athletica Inc. (NASDAQ:LULU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,121 shares of the apparel retailer's stock, valued at approximately $429,000. Institutional investors and hedge funds own 85.20% of the company's stock.

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.

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