Categories: Insider Trading News

Lululemon’s chief model officer Nicole Neuburger sells $782,735 in inventory


Nicole Neuburger, Chief Model Officer of Lululemon Athletica Inc. (NASDAQ:LULU), a $47 billion athletic attire firm with spectacular gross revenue margins of practically 59%, reported a major inventory transaction on December 26, 2024. In keeping with a latest SEC submitting, Neuburger offered 2,022 shares of widespread inventory at a mean value of $387.11 per share, totaling roughly $782,735.

Along with the sale, Neuburger exercised inventory choices to accumulate a complete of two,022 shares of Lululemon’s widespread inventory. These transactions have been executed at varied train costs, starting from $188.84 to $376.92 per share, with a mixed worth of roughly $585,661. The corporate maintains robust monetary well being with a present ratio of two.0, indicating strong liquidity.

Following these transactions, Neuburger holds 6,198 shares of Lululemon’s widespread inventory. The transactions have been a part of routine monetary administration and don’t essentially point out any change in Neuburger’s long-term outlook for the corporate. For deeper insights into LULU’s insider buying and selling patterns and complete monetary evaluation, take a look at the detailed analysis out there on InvestingPro.

In different latest information, Lululemon Athletica Inc. has witnessed a collection of optimistic changes to its inventory value goal following a sturdy third-quarter earnings report. Baird elevated its value goal to $480, reflecting robust efficiency and progress prospects. Deutsche Financial institution (ETR:DBKGn) additionally raised its goal to $396, whereas TD Cowen set its value goal at $421, each companies noting the corporate’s robust gross sales within the Americas and Worldwide markets. As well as, BMO Capital Markets, CFRA, and Piper Sandler have elevated their targets to $302, $376, and $340 respectively, citing the corporate’s efficient administration of gross sales and gross margin.

The changes got here after Lululemon reported a 9% income progress to $2.40 billion and earnings per share of $2.87. Analysts’ suggestions on future expectations suggests a path for Lululemon’s earnings to develop at the least within the excessive single digits by 2025. The corporate’s worldwide enterprise confirmed strong progress, with a 33% year-over-year improve, and a major 39% surge in China.

Regardless of the optimistic outlook, some companies maintained a cautious stance because of issues concerning the firm’s valuation and long-term progress prospects. These latest developments present traders with an up to date perspective on Lululemon’s efficiency and potential.

This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.

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