Analysis: Lululemon Athletica Inc (NASDAQ:LULU) Stock Target Has Been Increased Today
In analysts note made public by Evercore ISI on 10 December, the firm, Lululemon Athletica Inc (NASDAQ:LULU), had their TP cut to $40.00. Analusts right now have a solid “Sell” rating on the stock.
From a total of 33 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU) stock, 21 rate it a ”Buy”, 4 a “Sell”, and 12 a ”Hold”. This means that 57% of the ratings are positive. The highest target price is $85 while the lowest target price is $41. The mean of all analyst targets is $60.64 with a 31.71% above today’s ($45.44) stock price. Lululemon Athletica Inc. was the topic of 29 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. Mizuho maintained shares on December 9 with “Neutral” rating. Credit Suisse upgraded shares to “Outperform” rating and $64 target share price in a report from an October 16. Oppenheimer maintained LULU stock in a recent report from November 19 with “Outperform” rating. Citigroup initiated the rating on October 7. Citigroup has a “Buy” rating and a $69 price target on shares. Finally, Wells Fargo reinitiated the stock with “Market Perform” rating in a report issued on an October 22.
Approximately 3.53 million shares of stock traded hands. Lululemon Athletica inc. (NASDAQ:LULU) has declined 30.61% since May 7, 2015 and is downtrending. It has underperformed by 28.67% the S&P500.
The overall sentiment of institutions has increased to 1.14 in Q2 2015. Its up 0.07, from 1.07 in 2015Q2. The ratio increased, as 48 institutions have sold all the shares of Lululemon Athletica inc. that they owned while 98 funds have taken shares off the table. 43 funds have purchased shares for the first time while 123 added to their positions. These institutions now hold 129.33 million shares or 4.04% more than the 124.30 million shares they owned in 2015Q2.
The Fund Advent International Corp Ma currently is holding shares equating to 27.96% of its total portfolio in Lululemon Athletica inc. representing a total of 20.11 million shares. Another fund,Chautauqua Capital Management, is holding a total of 662,159 shares equating to 11.03% of their holdings. Additionally, Sib Llc has a 132,728 share stake in Lululemon Athletica inc. which represents 5.48% of their total portfolio. The Fund, Blue Arrow Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 3.72% of their total portfolio. Finally Melvin Capital Management Lp, a fund which is based in the state of New York reported a total holdings of 1.25 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 30, 2015, shareholders of Lululemon Athletica inc. have witnessed 1 insider purchase, and a total of 1 insider sale equating to a net activity of approximately $458,940 . Poseley Tara bought 4,000 shares worth approximately $214,060. Pitcher Rhoda M. sold 10,000 shares worth approximately $673,000. Stemberg Thomas sold 5,310 shares worth approximately $345,734.
lululemon athletica inc. is a designer and retailer of technical athletic apparel. The company has a market cap of $6.35 billion. The Firm offers a line of apparel and accessories for women, men and female youth. It has 24.81 P/E ratio. 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, general fitness and dance-inspired apparel for female youth.
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.” Get a free copy of the Zacks research report on Lululemon Athletica inc. (LULU).