Director of Lululemon Purchases Shares After Large Drop – Insider Weekends
Key Insights:
- Lululemon Athletica (LULU) is one of the more popular athletic apparel brands that sells clothing for yoga, running, training, and other activities.
- The company recently saw a big dip in stock price after full-year guidance fell short of analyst and consensus estimates, though this could be an opportunity for investors.
- Lululemon has grown greatly over the last few years and quarters, and also had a very strong fiscal 2023 – with net revenue for the year increasing by 19% to $9.6 billion.
Lululemon Athletica Inc. (LULU): $390.65
Market Cap: $49.23B
Enterprise Value: $48.38B
Lululemon Athletica (LULU) is one of the more popular athletic apparel brands that sells clothing for yoga, running, training, and other activities. Lululemon has taken the higher-end athleisure market by storm and investors have reacted enthusiastically – driving the stock price up by over 60% in 2023.
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