A Reversal for Lululemon Athletica Inc. (LULU) Is Not Near. The Stock Rises Again

December 7, 2017 - By Dolores Ford

Investors sentiment decreased to 0.96 in 2017 Q2. Its down 0.07, from 1.03 in 2017Q1. It worsened, as 63 investors sold Lululemon Athletica Inc. shares while 85 reduced holdings. 53 funds opened positions while 89 raised stakes. 104.73 million shares or 1.75% less from 106.59 million shares in 2017Q1 were reported.
Schroder Invest Mngmt Group has 976,148 shares for 0.1% of their portfolio. Prelude Cap Ltd Liability reported 1,448 shares. Commerzbank Aktiengesellschaft Fi has 24,773 shares for 0.02% of their portfolio. Utah Retirement System invested in 17,768 shares or 0.02% of the stock. Pnc Fincl Gru stated it has 0% in Lululemon Athletica Inc. (NASDAQ:LULU). Voya Inv Management Limited Company holds 37,337 shares. Natl Bank Of America De reported 304,681 shares stake. Stifel Fincl Corp owns 46,492 shares. Jpmorgan Chase & holds 157,580 shares or 0% of its portfolio. Glg Ltd Co stated it has 7,679 shares. Tobam holds 1.42% or 637,417 shares. Ubs Oconnor Limited Company, a Illinois-based fund reported 473,801 shares. Cubist Systematic Strategies Ltd Com holds 0.03% or 7,655 shares. Rockefeller Inc holds 0% in Lululemon Athletica Inc. (NASDAQ:LULU) or 1,000 shares. Gardner Lewis Asset Mngmt Ltd Partnership accumulated 0.13% or 31,690 shares.

The stock of Lululemon Athletica Inc. (NASDAQ:LULU) is a huge mover today! The stock increased 6.43% or $4.35 during the last trading session, reaching $72.01. About 8.92M shares traded or 381.58% up from the average. Lululemon Athletica Inc. (NASDAQ:LULU) has declined 19.33% since December 7, 2016 and is downtrending. It has underperformed by 36.03% the S&P500.
The move comes after 8 months positive chart setup for the $9.75B company. It was reported on Dec, 7 by Barchart.com. We have $76.33 PT which if reached, will make NASDAQ:LULU worth $584.94M more.

Lululemon Athletica Inc. (NASDAQ:LULU) Ratings Coverage

Among 38 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 21 have Buy rating, 1 Sell and 16 Hold. Therefore 55% are positive. Lululemon Athletica Inc. had 153 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, October 26. The stock has “Hold” rating by Deutsche Bank on Friday, September 11. The rating was maintained by Wolfe Research with “Peer Perform” on Monday, January 18. The firm has “Buy” rating given on Thursday, December 7 by Needham. The firm has “Buy” rating by Citigroup given on Wednesday, October 7. KeyBanc Capital Markets maintained it with “Overweight” rating and $85 target in Tuesday, August 2 report. The firm has “Buy” rating given on Saturday, August 29 by Oppenheimer. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Buy” rating given on Wednesday, June 7 by Robert W. Baird. The firm has “Hold” rating by Jefferies given on Friday, June 2. Wells Fargo maintained Lululemon Athletica Inc. (NASDAQ:LULU) on Friday, June 2 with “Hold” rating.

More notable recent Lululemon Athletica Inc. (NASDAQ:LULU) news were published by: Streetinsider.com which released: “Lululemon Athletica Inc. (LULU) PT Raised to $72 at Deutsche Bank on 3Q Report …” on November 21, 2017, also Businesswire.com with their article: “lululemon athletica inc. Announces Leadership Change” published on November 09, 2017, Streetinsider.com published: “Lululemon Athletica Inc. (LULU) PT Raised to $75 at BofA/Merrill Lynch …” on November 27, 2017. More interesting news about Lululemon Athletica Inc. (NASDAQ:LULU) were released by: Investorplace.com and their article: “Lululemon Athletica Inc. Stock Is Fully Valued After This Latest Pop” published on December 07, 2017 as well as Businesswire.com‘s news article titled: “lululemon athletica inc. Announces Third Quarter Fiscal 2017 Results” with publication date: December 06, 2017.

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. The company has market cap of $9.75 billion. It operates through two divisions, Company-Operated Stores and Direct to Consumer. It has a 35.77 P/E ratio. The firm offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga and running; other sweaty pursuits; and athletic wear for female youth.

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