VANCOUVER - In the athletic apparel market, Lululemon Athletica (NASDAQ:LULU) has made a notable impact with its shares witnessing a substantial 55% growth over the past year. The company currently enjoys a strong endorsement from analysts, who largely maintain a "Strong Buy" consensus on its stock. The optimism is reflected in the potential upside of nearly 10% from the average price target of $525.
The investment community shows diverse confidence levels in Lululemon, with mutual funds holding the lion's share of its stock at approximately 35%. Industry giants Vanguard and Fidelity are among the significant stakeholders. In contrast, hedge funds have expressed a "Very Negative" stance, while individual investor sentiment stays "Neutral".
Lululemon's market capitalization stands robust at $59.11B, supported by 122.20 million shares outstanding and a float of 110.06 million. Insider activity has raised eyebrows, as transactions by the CEO and CFO involved selling shares worth millions of dollars. Nevertheless, the company's financial health indicators paint a strong picture with a quick ratio of 1.17 and a PE ratio of $59.60. Analysts currently project an 18.66% growth in earnings over the next five years.
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