Rating Report: How Will Lululemon Athletica Inc (NASDAQ:LULU) Stock React To Buckingham Research New Rating Coverage?

November 29, 2016 - By Peter Kolinski

Rating Report: How Will Lululemon Athletica Inc (NASDAQ:LULU) Stock React To Buckingham Research New Rating Coverage?

Why Buckingham Research Gives Lululemon Athletica Inc (NASDAQ:LULU) $55.00 Price Target

In a an analyst report revealed to investors and clients on 29 November, Buckingham Research analyst just started coverage of Lululemon Athletica Inc (NASDAQ:LULU) with Neutral rating. The PT is exactly $55.00.

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. $92 is the highest target while $40 is the lowest. The $66.83 average target is 14.40% above today’s ($58.42) stock price. Lululemon Athletica Inc. has been the topic of 81 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Wells Fargo on Thursday, October 22. The rating was maintained by Mizuho with “Neutral” on Thursday, September 10. The firm has “Outperform” rating given on Monday, August 15 by Telsey Advisory Group. Bernstein maintained the stock with “Outperform” rating in Friday, September 11 report. On Monday, January 18 the stock rating was maintained by Wolfe Research with “Peer Perform”. The company was maintained on Thursday, September 29 by Goldman Sachs. The stock has “Hold” rating given by Deutsche Bank on Friday, September 11. The rating was upgraded by Wells Fargo on Monday, January 4 to “Outperform”. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Buy” rating by Suntrust Robinson on Friday, September 11. The rating was maintained by Robert W. Baird on Thursday, March 24 with “Outperform”.

About 2.86M shares traded hands or 32.41% up from the average. 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 earnings per share, up 22.86% or $0.08 from last year’s $0.35 per share. LULU’s profit will be $58.07M for 33.97 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 2016 Q2. Its up 0.24, from 0.79 in 2016Q1. The ratio improved, 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.

Finemark Retail Bank Tru last reported 185 shares in the company. British Columbia Investment Mgmt Corporation last reported 0.03% of its portfolio in the stock. Creative Planning owns 12,101 shares or 0.01% of their US portfolio. Intl Ca has invested 0.32% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Macquarie Grp has invested 0.01% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Cg Asset Mgmt Ltd Liability accumulated 0.26% or 8,620 shares. Northern Tru Corp last reported 851,943 shares in the company. Samlyn Cap Limited Com holds 0.13% or 73,121 shares in its portfolio. Janus Capital Management Limited Liability accumulated 735,704 shares or 0.05% of the stock. Cibc Asset Management holds 0% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 4,142 shares. Moreover, Pictet Asset Mgmt Ltd has 0.01% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 42,400 shares. Wellington Mngmt Grp Incorporated Limited Liability Partnership holds 0.01% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 387,552 shares. Dai Ichi Life Insur Ltd holds 0.14% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 63,091 shares. Royal Bancshares Of Canada has 0% invested in the company for 47,144 shares. Blackrock Inv Mgmt Limited, a New Jersey-based fund reported 49,620 shares.

Lululemon Athletica Inc. is a designer, distributor and retailer of technical athletic apparel. The company has a market cap of $7.89 billion. The Company’s divisions include Company-operated stores, Direct to consumer and Other. It has a 29.91 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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