SunTrust Robinson Humphrey Maintains Lululemon Athletica to Buy with Price Target $83.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Lululemon Athletica(NASDAQ:LULU). In a research note issued to the investors, the brokerage major Raises the price-target to $83.00 per share. The shares have been rated Buy. The rating by SunTrust Robinson Humphrey was issued on Jun 9, 2016.

In a different note, On May 16, 2016, Bank of America said it Reinstates its rating on Lululemon Athletica. The shares have been rated ‘Underperform’ by the firm. On Apr 4, 2016, JP Morgan said it Maintains its rating on Lululemon Athletica. In the research note, the firm Raises the price-target to $66.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 31, 2016, Goldman Sachs said it Maintains its rating on Lululemon Athletica. In the research note, the firm Raises the price-target to $43.00 per share. The shares have been rated ‘Sell’ by the firm. On Mar 31, 2016, Citigroup said it Maintains its rating on Lululemon Athletica. In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 31, 2016, Nomura said it Maintains its rating on Lululemon Athletica. In the research note, the firm Raises the price-target to $59.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 31, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Lululemon Athletica. In the research note, the firm Raises the price-target to $66.00 per share. The shares have been rated ‘Buy’ by the firm.

Lululemon Athletica (LULU) made into the market gainers list on Wednesdays trading session with the shares advancing 0.50% or 0.35 points. Due to strong positive momentum, the stock ended at $70.73, which is also near the day’s high of $71.89. The stock began the session at $70.47 and the volume stood at 20,73,879 shares. The 52-week high of the shares is $72.54 and the 52 week low is $43.14. The company has a current market capitalization of $8,995 M and it has 12,71,74,155 shares in outstanding.

Lululemon Athletica(LULU) last announced its earnings results on Jun 8, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $496.52M. Analysts had an estimated revenue of $487.66M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Apr 5, 2016, Rhoda M. Pitcher (director) sold 5,310 shares at $67.31 per share price.Also, On Sep 23, 2015, Tara Poseley (Chief Product Officer) purchased 4,000 shares at $53.51 per share price.On Apr 1, 2015, Thomas Stemberg (director) sold 5,310 shares at $65.11 per share price, according to the Form-4 filing with the securities and exchange commission.

lululemon athletica inc. is a designer and retailer of technical athletic apparel. The Company offers a line of apparel and accessories for women men and female youth. Its 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. The Company conducts its business through two channels: corporate-owned stores and direct to consumer. The Company markets its athletic apparel under the lululemon athletica and ivivva athletica brand names. As of February 1 2015 the Company’s retail footprint included 211 stores in the United States 57 stores in Canada 26 stores in Australia five in New Zealand two in the United Kingdom and one in Singapore. The Company’s retail stores are located primarily on street locations in lifestyle centers and in malls.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *