Lululemon CEO Sells $2,220,313 in Stock (LULU)
Lululemon (NASDAQ:LULU) CEO Christine Mccormick Day sold 30,625 shares of the company’s stock on the open market in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $72.50, for a total value of $2,220,312.50. Following the sale, the chief executive officer now directly owns 35,232 shares of the company’s stock, valued at approximately $2,554,320. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on LULU shares. Analysts at UBS AG reiterated a “neutral” rating on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Tuesday. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Lululemon (NASDAQ:LULU) in a research note to investors on Friday, September 13th. They now have a $70.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $74.60.
Lululemon (NASDAQ:LULU) traded up 0.12% during mid-day trading on Friday, hitting $73.588. 6,744,719 shares of the company’s stock traded hands. Lululemon has a 52-week low of $59.60 and a 52-week high of $82.50. The stock has a 50-day moving average of $71.13 and a 200-day moving average of $70.44. The company has a market cap of $10.657 billion and a P/E ratio of 39.73.
Lululemon (NASDAQ:LULU) last issued its quarterly earnings data on Thursday, September 12th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.04. The company had revenue of $344.50 million for the quarter, compared to the consensus estimate of $342.70 million. During the same quarter last year, the company posted $0.39 earnings per share. Lululemon’s revenue was up 21.9% compared to the same quarter last year. On average, analysts predict that Lululemon will post $1.96 earnings per share for the current fiscal year.
Manufactures, distributes and sells technical athletics and yoga apparel. The Company works in cooperation with various athletes to create designs specific to meet their needs.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.