Stock Price Bolstered Mid-Session: Lululemon Athletica Inc. (NASDAQ:LULU)

Andrew Cummings
December 7, 2017

Korea Investment CORP raised its stake in lululemon athletica by 12.5% in the 3rd quarter. 104.73 million shares or 1.75% less from 106.59 million shares in 2017Q1 were reported. Dimensional Fund Advsrs L P accumulated 314,404 shares. Janney Montgomery Scott Limited Liability owns 23,918 shares. Tiaa Cref Inv Ltd Liability holds 0.05% or 1.15M shares in its portfolio.

Metropolitan Life Insurance Communications owns 0% invested in Lululemon Athletica Inc. 9,512 are owned by Dekabank Deutsche Girozentrale. Andra Ap owns 35,600 shares. (NASDAQ:LULU). Vantage Advsr Limited Liability Com holds 0.01% or 705 shares. Rothschild Invest Corp Il holds 0.04% of its portfolio in Lululemon Athletica Inc.

Shares of lululemon athletica (NASDAQ:LULU) opened at $67.66 on Thursday. CIBC Asset Management Inc bought a new stake in shares of lululemon athletica during the 2nd quarter valued at $291,000. (NASDAQ:LULU) hit a new 52-week high and has $74.99 target or 3.00 % above today's $72.81 share price. Crystal Rock Capital Management acquired a new position in lululemon athletica in the 2nd quarter valued at $2,418,000. Lululemon Athletica Inc. (NASDAQ:LULU) has declined 19.33% since December 7, 2016 and is downtrending. Excluding costs tied to the restructuring of girls brand ivivva, Lululemon said it expected to earn $2.45 a share to $2.48 a share. Harris Associates LP sold 16.05 million shares as Melco Resort Entertainment L (MPEL)'s stock 0.00%. About 2.45M shares traded. Renaissance Technologies LLC raised its stake in shares of Lululemon Athletica inc.by 172.4% in the first quarter. It has underperformed by 36.03% the S&P500.


Susquehanna Financial Group analysts, led by Sam Poser, said: "Lululemon is firing on all cylinders". This number lands on a scale from 1 to 5. Therefore 55% are positive. Needham & Company LLC reaffirmed a "buy" rating and set a $71.00 price objective (up previously from $69.00) on shares of lululemon athletica in a report on Friday, December 1st.

Tunick rates Lululemon an outperform with a price target of $77, which is 4.9% higher than the company's current price. Lululemon Athletica Inc. had 145 analyst reports since August 18, 2015 according to SRatingsIntel. Analysts rating the company a 4 or 5 indicate a Sell recommendation. Wolfe Research maintained it with "Peer Perform" rating and $52 target in Monday, January 18 report. On Thursday, August 24 the stock rating was maintained by KeyBanc Capital Markets with "Hold". The company was maintained on Friday, September 11 by Canaccord Genuity. Brean Capital maintained the shares of MPEL in report on Tuesday, July 28 with "Buy" rating. Bank of America now has a strong sell rating on the apparel retailer's stock. The company was maintained on Monday, October 16 by SunTrust. Moreover, Ameriprise Fincl has 0% invested in Lululemon Athletica Inc. The rating was downgraded by Bernstein to "Mkt Perform" on Thursday, December 10.

Several other analysts also recently weighed in on the stock.


Lululemon is acquiring more new shoppers than ever before, CEO Laurent Potdevin told CNBC's "Squawk on the Street" Thursday morning, with many of those new clients being men. (NASDAQ:LULU) were released by: Businesswire.com and their article: "lululemon athletica inc". Announces Third Quarter Fiscal 2017 Earnings ..." published on November 22, 2017, Streetinsider.com published: "Lululemon Athletica Inc. The correct version of this news story can be viewed at https://weekherald.com/2017/12/07/126400-shares-in-lululemon-athletica-inc-lulu-acquired-by-cowen-inc.html. (LULU) PT Raised to $80 at BofA/Merrill Lynch on 3Q ..." with publication date: "December 07, 2017.

Lululemon Athletica inc. shares rose more than 6% in after-hours trading Wednesday following the report. The total dollar value of all 135.20 million outstanding shares is 9.15 billion.


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