According to Zacks, “Lululemon’s impressive performance history and growth drivers have helped its shares outperform the Zacks categorized industry in the last one year. The company had raised the lower end of its fourth quarter fiscal 2016 earnings and sales view, backed by a solid holiday season. While most retailers struggled, Lululemon emerged strong, driven by solid performance across both stores and online. Estimate have been stable lately, ahead of the company's fourth quarter earnings. Apart from this, Lululemon’s solid sales history remains noteworthy. Also, the company’s 2020 strategy, aimed at doubling revenues and more than doubling earnings, has been a constant growth driver. However, the fading popularity of athleisure wear is likely to take a toll on the company’s performance as denims are back in vogue. Stiff competition from other players also remains a headwind.”
A number of other analysts have also issued reports on the stock. Mizuho upgraded shares of Lululemon Athletica inc. from a neutral rating to a buy rating and lifted their price target for the company from $60.00 to $78.00 in a report on Thursday, December 8th. Cowen and Company set a $72.00 price target on shares of Lululemon Athletica inc. and gave the company a buy rating in a report on Monday, December 5th. Wedbush set a $70.00 price target on shares of Lululemon Athletica inc. and gave the company a buy rating in a report on Tuesday, December 6th. Susquehanna Bancshares Inc reiterated a buy rating and issued a $77.00 price target on shares of Lululemon Athletica inc. in a report on Thursday, December 1st. Finally, Evercore ISI upgraded shares of Lululemon Athletica inc. from a sell rating to a buy rating and lifted their price target for the company from $50.00 to $80.00 in a report on Thursday, December 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-two have given a buy rating to the stock. Lululemon Athletica inc. presently has a consensus rating of Buy and a consensus target price of $71.56.
Lululemon Athletica inc. (NASDAQ:LULU) opened at 64.04 on Tuesday. The company’s 50 day moving average is $65.95 and its 200-day moving average is $63.50. Lululemon Athletica inc. has a 52 week low of $54.00 and a 52 week high of $81.81. The firm has a market cap of $8.78 billion, a P/E ratio of 30.92 and a beta of 0.23.
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Several hedge funds and other institutional investors have recently bought and sold shares of LULU. Van ECK Associates Corp raised its position in Lululemon Athletica inc. by 2.9% in the fourth quarter. Van ECK Associates Corp now owns 1,609 shares of the apparel retailer’s stock valued at $105,000 after buying an additional 46 shares during the period. Pacific Global Investment Management CO acquired a new position in Lululemon Athletica inc. during the fourth quarter valued at approximately $201,000. Scotia Capital Inc. acquired a new position in Lululemon Athletica inc. during the fourth quarter valued at approximately $217,000. Cetera Advisors LLC raised its position in Lululemon Athletica inc. by 4.1% in the third quarter. Cetera Advisors LLC now owns 3,786 shares of the apparel retailer’s stock valued at $229,000 after buying an additional 149 shares during the period. Finally, Princeton Alpha Management LP acquired a new position in Lululemon Athletica inc. during the third quarter valued at approximately $279,000. 85.19% of the stock is owned by institutional investors and hedge funds.
Lululemon Athletica inc. Company Profile
Lululemon Athletica Inc is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.
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