Lululemon forecasts upbeat holiday quarter, shares rise (LULU)

Galtero Lara
Diciembre 7, 2017

Vetr raised shares of lululemon athletica from a "hold" rating to a "buy" rating and set a $63.40 price objective for the company in a research note on Thursday, August 10th.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LULU. Shares are clocking price at $67.66 with change of 1.96%. (NASDAQ:LULU) for 360 shares. 6,879 are owned by Westpac. According to data from First Call, Lululemon Athletica Inc. (NASDAQ:LULU) for 100 shares. 9,512 are owned by Dekabank Deutsche Girozentrale. Amalgamated Commercial Bank owns 18,032 shares. Winfield Associates holds 0% or 35 shares in its portfolio. Rothschild Invest Corp Il holds 0.04% of its portfolio in Lululemon Athletica Inc. Capstone Invest Advsr Ltd reported 6,800 shares. Advent Ma reported 22.57% in Lululemon Athletica Inc. (NASDAQ:LULU). Mitsubishi Ufj & Banking owns 212,530 shares. Moreover, Renaissance Technology Llc has 0.03% invested in Lululemon Athletica Inc. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of lululemon athletica by 11.4% during the 2nd quarter. Finally, Oakbrook Investments LLC purchased a new position in shares of lululemon athletica during the third quarter valued at about $202,000. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) for 5,525 shares.

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Comparable sales came in 8% higher a year ago, or 7% on a constant dollar basis. If the $74.99 price target is reached, the company will be worth $295.71M more. Tiaa Cref Invest Management Lc accumulated 1.15 million shares or 0.05% of the stock. Most company stocks have very little volatility. About 2.45M shares traded. It has underperformed by 36.03% the S&P500. In addition, Nike Inc. started to open "pant studios", intensifying competition for Lululemon. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Therefore 55% are positive. The company's distance from 52-week high price is -8.25% and the current price is 41.13% away from 52-week low price. In turn, many analysts who cover the company raised their price targets on the stock. Canaccord Genuity maintained Lululemon Athletica Inc. Wolfe Research maintained it with "Peer Perform" rating and $52 target in Monday, January 18 report. On Friday, January 29 the stock rating was maintained by Credit Suisse with "Outperform". The firm has "Underperform" rating given on Thursday, December 10 by FBR Capital. Gabelli upgraded it to "Buy" rating and $26.0 target in Wednesday, September 14 report. Goldman Sachs maintained Lululemon Athletica Inc. (NASDAQ:LULU) earned "Hold" rating by KeyBanc Capital Markets on Thursday, August 24. Goldman Sachs has "Sell" rating and $48 target. The firm has "Buy" rating given on Monday, October 16 by SunTrust.

Lululemon also said innovative new fabrics used in its women's trousers, launched in the third quarter, were a hit with customers, improving sales in the category by 24 per cent. (NASDAQ:LULU) news were published by: which released: "lululemon athletica inc". LululemonAthletica Inc. (LULU) stock price moved Upswing along with the volume 5.82 million shares in Wednesday session. The correct version of this news story can be viewed at "(LULU) PT Raised to $75 at BofA/Merrill Lynch ..." on November 27, 2017. Goldman Sachs maintained Lululemon Athletica Inc. Potdevin also promised an announcement next week on the women's design side, indicating that the company has no plans to let up on the women's athleisure market it innovated.

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