November 29, 2016 - By Hazel Jackson · 0 Comments
Lululemon Athletica Inc (NASDAQ:LULU) institutional sentiment increased to 1.03 in Q2 2016. Its up 0.24, from 0.79 in 2016Q1. The ratio is positive, as 129 institutional investors opened new or increased holdings, while 164 sold and decreased stakes in Lululemon Athletica Inc. The institutional investors in our partner’s database now hold: 127.50 million shares, up from 126.22 million shares in 2016Q1. Also, the number of institutional investors holding Lululemon Athletica Inc in their top 10 holdings increased from 5 to 8 for an increase of 3. Sold All: 51 Reduced: 113 Increased: 93 New Position: 36.
Lululemon Athletica Inc. is a designer, distributor and retailer of technical athletic apparel. The company has a market cap of $7.88 billion. The Company’s divisions include Company-operated stores, Direct to consumer and Other. It has a 29.9 P/E ratio. The Firm offers a line of apparel and accessories for women, men and female youth.
About 930,899 shares traded hands. Lululemon Athletica inc. (NASDAQ:LULU) has declined 13.91% since April 26, 2016 and is downtrending. It has underperformed by 19.17% the S&P500.
Analysts await Lululemon Athletica inc. (NASDAQ:LULU) to report earnings on December, 14. They expect $0.43 EPS, up 22.86% or $0.08 from last year’s $0.35 per share. LULU’s profit will be $58.14 million for 33.88 P/E if the $0.43 EPS becomes a reality. After $0.38 actual EPS reported by Lululemon Athletica inc. for the previous quarter, Wall Street now forecasts 13.16% EPS growth.
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.”
Advent International Corp Ma holds 28.07% of its portfolio in Lululemon Athletica inc. for 20.11 million shares. Sib Llc owns 132,728 shares or 8.38% of their US portfolio. Moreover, Bender Robert & Associates has 4.85% invested in the company for 93,154 shares. The New Jersey-based Hhr Asset Management Llc has invested 4.4% in the stock. Fox Point Capital Management Llc, a New York-based fund reported 25,000 shares.#img1#
Ratings analysis reveals 55% of Lululemon Athletica Inc.’s analysts are positive. Out of 31 Wall Street analysts rating Lululemon Athletica Inc., 17 give it “Buy”, 4 “Sell” rating, while 10 recommend “Hold”. The lowest target is $40 while the high is $92. The stock’s average target of $66.83 is 14.63% above today’s ($58.3) share price. LULU was included in 81 notes of analysts from August 18, 2015. Telsey Advisory Group maintained the stock with “Outperform” rating in Monday, August 15 report. The rating was maintained by Bernstein on Monday, March 28 with “Market Perform”. Wolfe Research maintained Lululemon Athletica inc. (NASDAQ:LULU) on Thursday, September 10 with “Peer Perform” rating. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Outperform” rating given on Friday, September 11 by Robert W. Baird. Evercore downgraded the stock to “Sell” rating in Thursday, September 10 report. On Monday, August 31 the stock rating was upgraded by Zacks to “Sell”. The firm earned “Hold” rating on Thursday, March 31 by Deutsche Bank. JP Morgan maintained the stock with “Overweight” rating in Monday, April 4 report. The rating was maintained by Citigroup on Friday, September 2 with “Buy”. The company was maintained on Thursday, December 10 by RBC Capital Markets.
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.
More recent Lululemon Athletica inc. (NASDAQ:LULU) news were published by: Investorplace.com which released: “It’s Time to Try on Lululemon Athletica inc. (LULU) Stock” on November 23, 2016. Also Business.Financialpost.com published the news titled: “Lululemon Athletica Inc downgraded as product ‘not resonating with consumers'” on November 16, 2016. Business.Financialpost.com‘s news article titled: “Can Lululemon Athletica Inc’s ivivva brand survive where others couldn’t?” with publication date: November 03, 2016 was also an interesting one.
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By Hazel Jackson