Lululemon Athletica inc. (NASDAQ:LULU) shares, rose in value, with the stock price down by -4.40% to the previous day’s close as strong demand from buyers drove the stock to $357.56.
Actively observing the price movement in the last trading, the stock closed the session at $374.01. The value of beta (5-year monthly) was 1.33 whereas the PE ratio was 29.28 over 12-month period. Referring to stock’s 52-week performance, its high was $516.39, and the low was $326.93. On the whole, LULU has fluctuated by -19.84% over the past month.
With the market capitalization of Lululemon Athletica inc. currently standing at about $45.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 21, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.39, which is expected to increase to $3.17 for fiscal year $14.1 and then to about $15.84 by fiscal year 2026. Data indicates that the EPS growth is expected to be 10.40% in 2026, while the next year’s EPS growth is forecast to be 12.30%.
Analysts have estimated the company’s revenue for the quarter at $2.2 billion, with a low estimate of $2.14 billion and a high estimate of $2.21 billion. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $10.78 billion, representing an increase of 12.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that LULU’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.38, with the price of LULU currently trading nearly -17.42% and -20.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 21.20, while the 7-day volatility ratio is showing 2.29% which for the 30-day chart, stands at 2.55%. Furthermore, Lululemon Athletica inc. (LULU)’s beta value is 1.30, and its average true range (ATR) is 13.34.
A comparison of Lululemon Athletica inc. (LULU) with its peers suggests the former has fared considerably weaker in the market. LULU showed an intraday change of -4.40% in last session, and over the past year, it shrunk by -2.68%%.
Data on historical trading for Lululemon Athletica inc. (NASDAQ:LULU) indicates that the trading volumes over the past 10 days have averaged 4.29 million and over the past 3 months, they’ve averaged 1.70 million. According to company’s latest data on outstanding shares, there are 121.11 million shares outstanding.
Nearly 12.80% of Lululemon Athletica inc.’s shares belong to company insiders and institutional investors own 87.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.46 million shares as on Mar 15, 2024, resulting in a short ratio of 3.22. According to the data, the short interest in Lululemon Athletica inc. (LULU) stood at 2.75% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 2.69 million. The stock has fallen by -30.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LULU stock heading into the next quarter.
