LULU - Board Member Of Lululemon Athletica Purchased $1.44M In Stock | Benzinga
Disclosed in the latest SEC filing, a significant insider purchase on March 28, involves Martha A.M. Morfitt, Board Member at Lululemon Athletica (NASDAQ:LULU).
What Happened: Morfitt's recent purchase of 3,700 shares of Lululemon Athletica, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, reflects confidence in the company's potential. The total transaction value is $1,439,501.
At Friday morning, Lululemon Athletica shares are up by 0.65%, trading at $392.0.
Get to Know Lululemon Athletica Better
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 680 company-owned stores in 19 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
Breaking Down Lululemon Athletica's Financial Performance
Revenue Growth: Lululemon Athletica's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 15.63%. This signifies a substantial increase in the ...