Brokerage Firm Rating Update on lululemon athletica (LULU)

lululemon athletica (LULU) : Zacks Investment Research ranks lululemon athletica (LULU) as 3, which is a Hold recommendation. 13 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 22 research analysts is 1.95, which indicates as a Buy.

lululemon athletica (LULU) : The highest level lululemon athletica (LULU) is projected to reach is $92 for the short term and the lowest estimate is at $40. The consolidated price target from 21 rating analysts who initiate coverage on the stock is $73.91 and the possibility the share price can swing is $12.31.


For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains its view on lululemon athletica (NASDAQ:LULU) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup lowers the price target from $89 per share to $85 per share on lululemon athletica . The rating by the firm was issued on September 2, 2016.

lululemon athletica (NASDAQ:LULU): The stock opened at $67.51 and touched an intraday high of $68.27 on Wednesday. During the day, the stock corrected to an intraday low of $67.05, however, the bulls stepped in and pushed the price higher to close in the green at $68.23 with a gain of 0.81% for the day. The total traded volume for the day was 3,403,730. The stock had closed at $67.68 in the previous trading session.

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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