Lululemon VP Sells $2,695,358 in Stock (LULU)
Lululemon (NASDAQ:LULU) VP Delaney Schweitzer unloaded 36,409 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $74.03, for a total transaction of $2,695,358.27. Following the transaction, the vice president now directly owns 10,134 shares in the company, valued at approximately $750,220. The sale 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, September 17th. 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 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 company. The stock has an average rating of “Hold” and an average target price of $74.60.
Shares of Lululemon (NASDAQ:LULU) traded down 0.81% during mid-day trading on Monday, hitting $72.99. The stock had a trading volume of 2,353,441 shares. Lululemon has a one year low of $59.60 and a one year high of $82.50. The stock’s 50-day moving average is $71.13 and its 200-day moving average is $70.44. The company has a market cap of $10.586 billion and a P/E ratio of 39.78.
Lululemon (NASDAQ:LULU) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. 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.
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