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Sunday, December 3, 2023

Lululemon Athletica inc. (LULU): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Lululemon Athletica inc. (LULU) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.08, or -0.02%, to $413.59. The Lululemon Athletica inc. has recorded 51,126 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Lululemon Athletica & Hubbell Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600.

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Stocks Info

This NASDAQ-listed company operates within the Apparel Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $413.67 and fluctuated between $413.90 as its day high and $404.89 as its day low. The current market capitalization of Lululemon Athletica inc. is $52.35B. A total of 1.03 million shares were traded on the day, compared to an average of 1.94M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, LULU has seen 6 BUY and 1 SELL insider trades, representing the acquisition of 18,883 and the disposition of 27,981 shares. Over the last 12 months, there were 29 BUYs and 33 SELLs from insiders. Insiders purchased 100,213 shares during that period but sold 79,550.

In the most recent transaction, Choe Michelle Sun sold 27,981 shares of LULU for 401.00 per share on Sep 06. After the transaction, the Chief Product Officer now owns 3,892 company shares. In a previous transaction on Mar 31, BURGOYNE CELESTE sold 17,343 shares at 362.00 per share. LULU shares that Pres Americas & Global Guest owns now total 15,302.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for LULU in the last 3 months, the mean price target is $442.35 with high estimates of $585.00 and low estimates of $250.00. In terms of 52-week highs and lows, LULU has a high of $419.86 and a low of $286.58.

As of this writing, LULU has an earnings estimate of $2.28 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $2.35 per share and a lower estimate of $2.23. The company reported an EPS of $2.28 in the last quarter, which was 15.20% higher than expectations of $1.98.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. LULU’s latest balance sheet shows that the firm has $1.26B in Cash & Short Term Investments as of fiscal 2022. There were $881.05M in debt and $1.41B in liabilities at the time. Its Book Value Per Share was $27.88, while its Total Shareholder’s Equity was $2.74B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LULU is Buy with a score of 4.56.

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