The stock of Lululemon Athletica inc. (NASDAQ:LULU) is a huge mover today! About 2.80M shares traded hands or 25.00% up from the average. Lululemon Athletica inc. (NASDAQ:LULU) has declined 16.88% since April 20, 2016 and is downtrending. It has underperformed by 21.43% the S&P500.
The move comes after 8 months positive chart setup for the $8.16 billion company. It was reported on Nov, 22 by Barchart.com. We have $61.17 PT which if reached, will make NASDAQ:LULU worth $489.60M more.
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. The firm has “Buy” rating by SunTrust given on Thursday, June 9. The firm has “Neutral” rating by Mizuho given on Wednesday, December 9. The rating was maintained by Bernstein with “Market Perform” on Monday, March 28. JP Morgan maintained the stock with “Overweight” rating in Monday, April 4 report. The company was initiated on Tuesday, August 18 by Wolfe Research. The rating was maintained by Deutsche Bank with “Hold” on Thursday, June 9. The firm has “Outperform” rating given on Friday, October 16 by Credit Suisse. The rating was maintained by Deutsche Bank on Thursday, December 10 with “Hold”. The firm earned “Hold” rating on Monday, August 17 by Zacks. Oppenheimer maintained the shares of LULU in a report on Saturday, August 29 with “Buy” rating.
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 Q2 2016. 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.
The Ohio-based Huntington Bankshares has invested 0% in Lululemon Athletica inc. (NASDAQ:LULU). Zevenbergen Capital Investments Lc has 2.13% invested in the company for 616,495 shares. The Japan-based Nomura Asset has invested 0.02% in Lululemon Athletica inc. (NASDAQ:LULU). Mizuho And Bk Limited has 0.04% invested in the company for 163,871 shares. Fred Alger holds 0% or 8,300 shares in its portfolio. The Australia-based Macquarie Group Limited has invested 0.01% in Lululemon Athletica inc. (NASDAQ:LULU). The Pennsylvania-based Logan Capital Management has invested 0.11% in Lululemon Athletica inc. (NASDAQ:LULU). Mizuho Asset Mngmt Coltd has invested 0.02% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Balyasny Asset Mngmt Ltd Limited Liability Company has 299,433 shares for 0.14% of their US portfolio. Amp Capital Invsts Limited last reported 0.01% of its portfolio in the stock. The Kansas-based Waddell & Reed has invested 0.19% in Lululemon Athletica inc. (NASDAQ:LULU). Toronto Dominion National Bank accumulated 609 shares or 0% of the stock. 1832 Asset Mngmt Lp, a Ontario – Canada-based fund reported 1.03M shares. Tower Cap Limited Liability (Trc) holds 0.01% or 963 shares in its portfolio. Parsons Capital Mgmt Ri owns 9,775 shares or 0.09% of their US portfolio.
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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