A Director at Lululemon Athletica Inc (NASDAQ: LULU) is Selling Shares

By Carrie Williams

Today, a Director at Lululemon Athletica Inc (LULUResearch Report), David Mussafer, sold shares of LULU for $834.5K.

Following David Mussafer’s last LULU Sell transaction on April 01, 2019, the stock climbed by 17.1%.

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Based on Lululemon Athletica Inc’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $782 million and quarterly net profit of $96.6 million. In comparison, last year the company earned revenue of $650 million and had a net profit of $75.15 million. LULU’s market cap is $23.69B and the company has a P/E ratio of 48.01. Currently, Lululemon Athletica Inc has an average volume of 2.05M.

Based on 26 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $194.77, reflecting a 6.6% upside.

The insider sentiment on Lululemon Athletica Inc has been negative according to 40 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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lululemon athletica, Inc. engages in the designing, distributing and retail of athletic apparel and accessories. It company operates through the following segments: Company-Operated Stores, Direct to Consumer. The Company-Operated Stores segment comprises of lululemon and ivivva brands; and specialize in athletic wear for female youth.