The stock of Lululemon Athletica inc. (NASDAQ:LULU) is a huge mover today! About 2.18M shares traded hands. Lululemon Athletica inc. (NASDAQ:LULU) has declined 12.13% since April 18, 2016 and is downtrending. It has underperformed by 16.56% the S&P500.
The move comes after 7 months negative chart setup for the $7.44B company. It was reported on Nov, 18 by Barchart.com. We have $50.18 PT which if reached, will make NASDAQ:LULU worth $595.20M less.
Lululemon Athletica inc. (NASDAQ:LULU) Ratings Coverage
Out of 31 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 17 rate it a “Buy”, 4 “Sell”, while 10 “Hold”. This means 55% are positive. Lululemon Athletica Inc. has been the topic of 81 analyst reports since August 18, 2015 according to StockzIntelligence Inc. UBS maintained Lululemon Athletica inc. (NASDAQ:LULU) on Tuesday, January 12 with “Neutral” rating. FBR Capital downgraded it to “Underperform” rating and $42 target price in Monday, November 30 report. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Neutral” rating given on Thursday, September 10 by Mizuho. FBR Capital maintained Lululemon Athletica inc. (NASDAQ:LULU) rating on Thursday, December 10. FBR Capital has “Underperform” rating and $40 price target. On Thursday, June 9 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Outperform” rating on Thursday, December 10 by Oppenheimer. On Wednesday, March 23 the stock rating was maintained by Oppenheimer with “Outperform”. As per Friday, September 2, the company rating was maintained by Citigroup. The rating was maintained by Canaccord Genuity with “Hold” on Thursday, December 10. Canaccord Genuity maintained Lululemon Athletica inc. (NASDAQ:LULU) rating on Friday, September 2. Canaccord Genuity has “Hold” rating and $65 price target.
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 increased to 1.03 in 2016 Q2. Its up 0.24, from 0.79 in 2016Q1. The ratio increased, 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.
Robecosam Ag owns 27,947 shares or 0.18% of their US portfolio. Old Mutual Customised Solutions (Proprietary) accumulated 1,600 shares or 0.03% of the stock. Schwab Charles Mngmt accumulated 303,625 shares or 0.03% of the stock. The Washington-based Edge Asset has invested 0.08% in Lululemon Athletica inc. (NASDAQ:LULU). Ftb Inc has 0% invested in the company for 150 shares. Cwm Limited holds 100 shares or 0% of its portfolio. Bridgecreek Invest Mngmt Ltd Liability Corp accumulated 0.44% or 19,400 shares. Capital Invsts holds 0.17% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 1.55 million shares. Eagle Asset holds 0.08% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 155,966 shares. Kcm Investment Advsr Ltd Liability Co holds 7,910 shares or 0.04% of its portfolio. Moreover, Mastrapasqua Asset Mngmt has 0.22% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 11,675 shares. State Board Of Administration Of Florida Retirement Sys holds 145,773 shares or 0.03% of its portfolio. Fortaleza Asset Mgmt Inc holds 60 shares or 0% of its portfolio. Cambridge Invest Research Advisors Inc accumulated 0.02% or 11,499 shares. Century Capital Management Ltd Liability holds 0.32% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 38,697 shares.
More recent Lululemon Athletica inc. (NASDAQ:LULU) news were published by: Business.Financialpost.com which released: “Lululemon Athletica Inc downgraded as product ‘not resonating with consumers'” on November 16, 2016. Also Business.Financialpost.com published the news titled: “Can Lululemon Athletica Inc’s ivivva brand survive where others couldn’t?” on November 03, 2016. Seekingalpha.com‘s news article titled: “Lululemon Athletica: Stretched Out Spandex” with publication date: November 08, 2016 was also an interesting one.
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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