The stock of Lululemon Athletica inc. (NASDAQ:LULU) is a huge mover today! About 2.12 million shares traded hands. Lululemon Athletica inc. (NASDAQ:LULU) has declined 9.60% since March 16, 2016 and is downtrending. It has underperformed by 15.15% the S&P500.
The move comes after 6 months positive chart setup for the $8.11B company. It was reported on Oct, 19 by Barchart.com. We have $79.04 PT which if reached, will make NASDAQ:LULU worth $3.00 billion more.
Lululemon Athletica inc. (NASDAQ:LULU) Ratings Coverage
Out of 31 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 18 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 58% are positive. Lululemon Athletica Inc. has been the topic of 80 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Friday, September 11 with “Hold”. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Peer Perform” rating by Wolfe Research on Monday, January 18. The firm earned “Neutral” rating on Thursday, September 10 by Mizuho. Oppenheimer maintained Lululemon Athletica inc. (NASDAQ:LULU) on Thursday, November 19 with “Outperform” rating. The rating was maintained by Deutsche Bank with “Hold” on Thursday, March 31. Credit Suisse maintained Lululemon Athletica inc. (NASDAQ:LULU) rating on Tuesday, January 12. Credit Suisse has “Outperform” rating and $60 price target. The rating was maintained by Canaccord Genuity on Friday, September 2 with “Hold”. Citigroup initiated Lululemon Athletica inc. (NASDAQ:LULU) on Wednesday, October 7 with “Buy” rating. The rating was maintained by Bernstein on Monday, March 28 with “Market Perform”. The rating was maintained by Canaccord Genuity on Thursday, December 10 with “Hold”.
According to Zacks Investment Research, “lululemon athletica Inc. designs and retails athletic clothing for women, men, and female youth. Its apparel assortment, including items, such as fitness pants, shorts, tops and jackets, is designed for activities such as yoga, running and general fitness. The Company’s fitness-related accessories include an array of items, such as bags, socks, underwear, yoga mats, instructional yoga digital versatile discs and water bottles. lululemon athletica Inc. is based in Vancouver, Canada.”
Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.33, from 1.12 in 2016Q1. The ratio dived, as 51 funds sold all Lululemon Athletica inc. shares owned while 113 reduced positions. 36 funds bought stakes while 93 increased positions. They now own 127.50 million shares or 1.01% more from 126.22 million shares in 2016Q1.
First Republic Inv last reported 2,740 shares in the company. Brown Brothers Harriman And accumulated 0% or 1,434 shares. Moreover, Pictet Asset Management has 0.01% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 42,400 shares. Teachers Advsrs holds 598,359 shares or 0.08% of its portfolio. Blackrock Japan Ltd last reported 0.04% of its portfolio in the stock. Td Asset Mngmt last reported 0% of its portfolio in the stock. The Washington-based Parametric Port Assocs Ltd Liability Company has invested 0.01% in Lululemon Athletica inc. (NASDAQ:LULU). Ladenburg Thalmann Fincl Services Inc holds 1,092 shares or 0% of its portfolio. Cap One National Association has invested 0.13% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Ameriprise Fincl has 0.03% invested in the company for 790,065 shares. Apriem Advsrs accumulated 0.08% or 3,375 shares. Arcadia Inv Mi holds 294 shares or 0.01% of its portfolio. Hsbc Public Limited Company last reported 0% of its portfolio in the stock. Apg Asset Mngmt Nv holds 0.03% or 202,588 shares in its portfolio. Coe Mngmt Ltd Liability has 10,000 shares for 0% of their US portfolio.
More news for Lululemon Athletica inc. (NASDAQ:LULU) were recently published by: Investorplace.com, which released: “Lululemon Athletica inc: Play the Breakout From the Bottom in LULU Stock” on October 19, 2016. Schaeffersresearch.com‘s article titled: “Lululemon Athletica inc. (LULU) Call Options Fly Amid ‘Go Private’ Rumors” and published on October 05, 2016 is yet another important article.
LULU Company Profile
Lululemon Athletica Inc., incorporated on November 21, 2005, is a designer, distributor and retailer of technical athletic apparel. The Company’s divisions include Company-operated stores, Direct to consumer and Other. The Firm offers a line of apparel and accessories for women, men and female youth. The Company’s 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. The Company’s fitness-related accessories include an array of items, such as bags, socks, underwear, yoga mats and water bottles. The Firm conducts its business through two channels: Company-operated stores and direct to consumer.
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