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

By Carrie Williams

Yesterday, a Director at Lululemon Athletica (LULUResearch Report), David Mussafer, sold shares of LULU for $1.01M.

Following David Mussafer’s last LULU Sell transaction on June 24, 2019, the stock climbed by 42.7%.

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Based on Lululemon Athletica’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $916 million and quarterly net profit of $126 million. In comparison, last year the company earned revenue of $748 million and had a net profit of $94.41 million. The company has a one-year high of $235.50 and a one-year low of $110.71. LULU’s market cap is $29.36B and the company has a P/E ratio of 52.36.

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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 business 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.