The stock of Lululemon Athletica inc. (NASDAQ:LULU) is a huge mover today! About 979,144 shares traded hands. Lululemon Athletica inc. (NASDAQ:LULU) has declined 10.59% since March 11, 2016 and is downtrending. It has underperformed by 16.04% the S&P500.
The move comes after 7 months negative chart setup for the $7.84B company. It was reported on Oct, 14 by Barchart.com. We have $52.19 PT which if reached, will make NASDAQ:LULU worth $627.20M less.
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. DA Davidson maintained Lululemon Athletica inc. (NASDAQ:LULU) on Friday, September 11 with “Neutral” rating. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Buy” rating by Oppenheimer on Saturday, August 29. The firm earned “Overweight” rating on Tuesday, August 2 by KeyBanc Capital Markets. The rating was upgraded by Robert W. Baird to “Outperform” on Friday, September 11. The rating was downgraded by Evercore on Thursday, September 10 to “Sell”. Nomura maintained the shares of LULU in a report on Thursday, March 31 with “Buy” rating. Deutsche Bank maintained it with “Hold” rating and $65 target price in Friday, September 11 report. The firm has “Hold” rating by Deutsche Bank given on Thursday, June 9. Telsey Advisory Group maintained the shares of LULU in a report on Monday, August 15 with “Outperform” rating. The rating was maintained by UBS on Friday, September 11 with “Neutral”.
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 2016 Q2. Its down 0.33, from 1.12 in 2016Q1. The ratio turned negative, 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.
Moreover, Rothschild Asset Inc has 0.01% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 5,655 shares. Stifel Financial accumulated 14,465 shares or 0% of the stock. Mufg Americas Hldgs has invested 0.02% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Huntington Bank holds 0% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 1,019 shares. Northern Trust owns 851,943 shares or 0.02% of their US portfolio. The Connecticut-based Point72 Asset Management Limited Partnership has invested 0.03% in Lululemon Athletica inc. (NASDAQ:LULU). Kcm Inv Advsrs Lc accumulated 0.04% or 7,910 shares. Rs Investment Mngmt Communication Ltd Liability has invested 0.23% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Panagora Asset Management Incorporated has 0% invested in the company for 2,094 shares. Capital Intl Inc Ca owns 36,200 shares or 0.32% of their US portfolio. Susquehanna Interest Limited Liability Partnership holds 0.01% or 247,675 shares in its portfolio. Turner Invests Lp last reported 53,070 shares in the company. Qualcomm De owns 32,600 shares or 0.33% of their US portfolio. Schroder Mngmt Group Inc last reported 0.08% of its portfolio in the stock. Pdts Prtnrs Lc accumulated 0.63% or 107,008 shares.
Another recent and important Lululemon Athletica inc. (NASDAQ:LULU) news was published by Schaeffersresearch.com which published an article titled: “Lululemon Athletica inc. (LULU) Call Options Fly Amid ‘Go Private’ Rumors” on October 05, 2016.
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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