Analyst Rating Update on lululemon athletica (LULU)

lululemon athletica (NASDAQ:LULU) : The consensus on lululemon athletica (NASDAQ:LULU) based on 24 analyst recommendation on the company stock is 1.75, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 16 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on lululemon athletica (NASDAQ:LULU).

lululemon athletica (NASDAQ:LULU) : The highest level lululemon athletica (NASDAQ:LULU) is projected to reach is $85 for the short term and the lowest estimate is at $40. The consolidated price target from 23 rating analysts who initiate coverage on the stock is $72.48 and the possibility the share price can swing is $12.02.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm SunTrust Robinson Humphrey maintains its rating on lululemon athletica (NASDAQ:LULU). As per the latest information, the brokerage house raises the price target to $83 per share from a prior target of $79. The shares have been rated Buy. The rating by the firm was issued on June 9, 2016.

lululemon athletica (NASDAQ:LULU): stock turned positive on Tuesday. Though the stock opened at $69.41, the bulls momentum made the stock top out at $70.13 level for the day. The stock recorded a low of $68.51 and closed the trading day at $69.87, in the green by 1.26%. The total traded volume for the day was 1,394,116. The stock had closed at $69 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Pitcher Rhoda M., director of Lululemon Athletica Inc., had unloaded 5,310 shares at an average price of $67.31 in a transaction dated on April 1, 2016. The total value of the transaction was worth $357,416.

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 Companys 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 Companys retail stores are located primarily on street locations, in lifestyle centers and in malls.

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