Lululemon Athletica (LULU) Expected to Announce Earnings on Thursday

Lululemon Athletica (NASDAQ:LULU - Get Free Report) is expected to announce its earnings results before the market opens 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 Price Performance

Shares of LULU traded up $1.35 during trading hours on Friday, hitting $311.03. 1,513,509 shares of the company were exchanged, compared to its average volume of 1,628,616. The company has a market capitalization of $37.88 billion, a PE ratio of 22.46, a PEG ratio of 2.22 and a beta of 1.21. The firm has a fifty day simple moving average of $376.79 and a 200-day simple moving average of $334.60. Lululemon Athletica has a one year low of $226.01 and a one year high of $480.94.

Insider Buying and Selling at Lululemon Athletica

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 value of $782,736.42. Following the completion of the transaction, the insider now owns 6,198 shares in the company, valued at approximately $2,399,307.78. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.48% of the company's stock.

Institutional Inflows and Outflows

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) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,121 shares of the apparel retailer's stock, valued at approximately $429,000. 85.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LULU shares. Morgan Stanley raised their price objective on Lululemon Athletica from $414.00 to $420.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 15th. 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 note on Friday, January 10th. Oppenheimer raised their price objective on Lululemon Athletica from $380.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. KeyCorp increased their target price on Lululemon Athletica from $400.00 to $420.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Finally, William Blair restated an "outperform" rating on shares of Lululemon Athletica in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lululemon Athletica currently has an average rating of "Moderate Buy" and a consensus price target of $399.14.

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.