Lululemon Athletica inc. (NASDAQ:LULU) price is hovering higher on Wednesday, March 27, jumping 0.66% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $386.14. The company’s 5Y monthly beta was ticking 1.33 while its P/E ratio in the trailing 12-month period read 31.83. Taking into account the 52-week price action we note that the stock hit a 52-week high of $516.39 and 52-week low of $310.41. The stock subtracted -16.92% on its value in the past month.
Lululemon Athletica inc., which has a market valuation of $48.98 billion, is expected to release its quarterly earnings report May 30, 2024 – Jun 03, 2024. Analysts tracking LULU have forecast the quarterly EPS to grow by 2.39 per share this quarter, while the same analysts predict the annual EPS to hit $14.1 for the year 2024 and up to $15.88 for 2026. In this case, analysts estimate an annual EPS growth of 10.40% for the year and 12.60% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $2.2 billion, with the likely lows of $2.14 billion and highs of $2.24 billion. Staying with the analyst view, there is a consensus estimate of $10.83 billion for the company’s annual revenue in 2025. Per this projection, the revenue is forecast to grow 12.50% above that which the company brought in 2025.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give LULU a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.59. The overview shows that LULU’s price is at present -13.91% off the SMA20 and -15.51% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 27.08, with weekly volatility standing at 3.90%. The indicator jumps to 2.41% when calculated based on the past 30 days. Lululemon Athletica inc. (NASDAQ:LULU)’s beta value is holding at 1.31, while the average true range (ATR) indicator is currently reading 14.95.
An analysis of the Lululemon Athletica inc. (NASDAQ:LULU) stock in terms of its daily trading volume indicates that the 3-month average is 1.62 million. However, this figure increases on the past 10-day timeline to an average of 3.98 million.
Current records show that the company has 121.11M in outstanding shares. The insiders’ percentage holdings are 12.79% of outstanding shares while the percentage share held by institutions stands at 87.79%. The stats also highlight that short interest as of Feb 29, 2024, stood at 2.97 million shares, which puts the short ratio at the time at 2.39. From this we can glean that short interest is 2.35% of company’s current outstanding shares. Notably, we see that shares short in February rose slightly given the previous month’s figure stood at 2.85 million. But the -23.98% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
