Lululemon Athletica Inc. (LULU) Sees Strong Trading Volume
Shares of Lululemon Athletica Inc. (NASDAQ:LULU) saw unusually-strong trading volume on Wednesday . Approximately 1,300,388 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 1,372,875 shares.The stock last traded at $76.82 and had previously closed at $76.85.
A number of equities analysts have weighed in on LULU shares. Cowen and Company reiterated an “outperform” rating and issued a $76.00 price target on shares of Lululemon Athletica in a research report on Thursday, May 5th. FBR & Co restated an “underperform” rating and set a $40.00 target price on shares of Lululemon Athletica in a research report on Friday, May 6th. Bank of America Corp. restated an “underperform” rating and set a $50.00 target price on shares of Lululemon Athletica in a research report on Monday, May 16th. Sterne Agee CRT restated a “buy” rating on shares of Lululemon Athletica in a research report on Monday, May 16th. Finally, MKM Partners restated a “buy” rating and set a $77.00 target price on shares of Lululemon Athletica in a research report on Wednesday, June 1st. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $72.03.
The firm’s 50-day moving average is $78.20 and its 200-day moving average is $68.87. The stock has a market capitalization of $10.48 billion and a PE ratio of 40.59.
Lululemon Athletica (NASDAQ:LULU) last released its earnings results on Wednesday, June 8th. The apparel retailer reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.01. The company had revenue of $495.50 million for the quarter, compared to analysts’ expectations of $487.68 million. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. On average, equities research analysts anticipate that Lululemon Athletica Inc. will post $2.16 earnings per share for the current year.
Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.
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