Insider Selling: John Currie Sells 20,000 Shares of Lululemon Stock (LULU)
Lululemon (NASDAQ:LULU) CFO John Currie sold 20,000 shares of the company’s stock on the open market in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $75.00, for a total value of $1,500,000.00. Following the sale, the chief financial officer now directly owns 21,147 shares in the company, valued at approximately $1,586,025. The sale was disclosed in a document filed with the SEC, which is available at this link.
Lululemon (NASDAQ:LULU) traded down 0.16% during mid-day trading on Friday, hitting $76.45. 2,312,066 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’s 50-day moving average is $71.31 and its 200-day moving average is $70.79. The company has a market cap of $11.088 billion and a price-to-earnings ratio of 41.39.
Lululemon (NASDAQ:LULU) last released its earnings data 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.
A number of research firms have recently commented on LULU. Analysts at Barclays Capital raised their price target on shares of Lululemon (NASDAQ:LULU) from $80.00 to $85.00 in a research note to investors on Tuesday, October 1st. They now have an “overweight” rating on the stock. Separately, 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 UBS AG cut their price target on shares of Lululemon (NASDAQ:LULU) to $69.00 in a research note to investors on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $74.87.
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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