Follow The Ratings: Is lululemon athletica (LULU) Worth Your Time? Buckingham Research Thinks So

November 29, 2016 - By Peter Kolinski

Follow The Ratings: Is lululemon athletica (LULU) Worth Your Time? Buckingham Research Thinks So

Why Buckingham Research Gives lululemon athletica (LULU) $55.0 Price Target

Analysts at Buckingham Research initiated coverage on shares of lululemon athletica (LULU) in a analysts report made public on Tuesday, 29 November. The financial firm set a “Neutral” rating on the $7.88B market cap company.

Lululemon Athletica inc. (NASDAQ:LULU) Ratings Coverage

Out of 5 analysts covering lululemon athletica (LULU), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. lululemon athletica has been the topic of 5 analyst reports since September 2, 2016 according to StockzIntelligence Inc. The firm has “Hold” rating by Jefferies given on Thursday, September 8. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Friday, September 2. Susquehanna initiated Lululemon Athletica inc. (NASDAQ:LULU) on Friday, September 16 with “Positive” rating. The company was downgraded on Wednesday, November 16 by Credit Suisse. On Friday, September 2 the stock rating was maintained by Canaccord Genuity with “Hold”.

About 883,671 shares traded hands. Lululemon Athletica inc. (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 earnings per share, up 22.86% or $0.08 from last year’s $0.35 per share. LULU’s profit will be $58.13M for 33.89 P/E if the $0.43 EPS becomes a reality. After $0.38 actual earnings per share reported by Lululemon Athletica inc. for the previous quarter, Wall Street now forecasts 13.16% EPS growth.

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.

Nomura Asset Management, a Japan-based fund reported 11,940 shares. Turner Invests Lp has 1.23% invested in the company for 53,070 shares. Washington Trust Bankshares reported 80 shares or 0% of all its holdings. Citigroup last reported 0.01% of its portfolio in the stock. Twin Tree Management L P, a Texas-based fund reported 14,494 shares. Aqr Cap Management Limited Liability Company reported 185,907 shares or 0.02% of all its holdings. Ameriprise Finance last reported 0.03% of its portfolio in the stock. Engineers Gate Manager Ltd Partnership has 6,118 shares for 0.03% of their US portfolio. Aberdeen Asset Mgmt Public Limited Co Uk has invested 0.01% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Andra Ap has 15,500 shares for 0.03% of their US portfolio. The Switzerland-based Credit Suisse Ag has invested 0.01% in Lululemon Athletica inc. (NASDAQ:LULU). Westpac Bk holds 0% or 14,189 shares in its portfolio. Moreover, Legal And General Public Limited Com has 0.03% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 424,529 shares. Everpoint Asset Mngmt Lc holds 0.2% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 136,281 shares. Daiwa Gp reported 16,950 shares or 0.01% of all its holdings.

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 29.89 P/E ratio. The Firm offers a line of apparel and accessories for women, men and 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.”

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.

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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