Ratings Don’t Lie: lululemon athletica (NASDAQ:LULU) Is Now Covered By Buckingham Research. What to Expect?

November 29, 2016 - By Dolores Ford

Ratings Don't Lie: lululemon athletica (NASDAQ:LULU) Is Now Covered By Buckingham Research. What to Expect?

Why Buckingham Research Gives lululemon athletica (NASDAQ:LULU) $55 Price Target

In a an analyst note revealed to investors and clients on 29 November, stock analysts at Buckingham Research has initiated coverage on shares of lululemon athletica (NASDAQ:LULU). The firm set a “Neutral” rating with $55, giving -5.71% to target.

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 14.61% above today’s ($58.31) stock price. Lululemon Athletica Inc. has been the topic of 81 analyst reports since August 18, 2015 according to StockzIntelligence Inc. SunTrust maintained the shares of LULU in a report on Thursday, June 9 with “Buy” rating. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Neutral” rating by UBS on Thursday, October 22. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Neutral” rating by Mizuho on Thursday, September 10. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Hold” rating given on Friday, September 11 by Deutsche Bank. As per Tuesday, January 12, the company rating was maintained by M Partners. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Outperform” rating given on Thursday, February 4 by Wedbush. Oppenheimer maintained the shares of LULU in a report on Thursday, December 10 with “Outperform” rating. The rating was maintained by Goldman Sachs on Thursday, September 29 with “Sell”. The company was maintained on Monday, March 28 by Bernstein. The company was maintained on Thursday, August 11 by KeyBanc Capital Markets.

About 286,297 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 earnings per share, up 22.86% or $0.08 from last year’s $0.35 per share. LULU’s profit will be $58.15 million for 33.88 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 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.

State Board Of Administration Of Florida Retirement holds 0.03% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 145,773 shares. Sumitomo Mitsui Asset Mgmt Limited accumulated 7,949 shares or 0.02% of the stock. Moreover, Everpoint Asset Mgmt Ltd has 0.2% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 136,281 shares. Citadel Advsrs Limited Liability Corporation holds 0% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 10,777 shares. Bluecrest Capital Limited has 0.02% invested in the company for 5,673 shares. Lone Pine Ltd has 7.41M shares for 2.53% of their US portfolio. Cg Asset Management Ltd Liability Co accumulated 0.26% or 8,620 shares. Tocqueville Asset Management Lp owns 6,830 shares or 0.01% of their US portfolio. The New York-based M&T Bancshares has invested 0% in Lululemon Athletica inc. (NASDAQ:LULU). Pacific Invest Com holds 0.05% or 3,090 shares in its portfolio. Ftb Advisors holds 0% or 150 shares in its portfolio. Glg Ltd holds 0.05% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU) for 8,466 shares. Mycio Wealth Ptnrs Ltd Liability has invested 0.03% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Manning Napier Ltd accumulated 3.15% or 7.04 million shares. Legal And General Grp Pcl has 0.03% invested in the company for 424,529 shares.

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 29.91 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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