ibusinesslines.com October 21, 2018

Lululemon Athletica inc. (LULU) Q3 Earnings, Q4 Outlook Beat Expectations

07 December 2017, 08:10 | Kelvin Horton

Lululemon Athletica inc. (LULU) Q3 Earnings, Q4 Outlook Beat Expectations

Lululemon Athletica apparel is displayed on mannequins in a storefront at a Lululemon Athletica store location in Dedham Mass. Lululemon Athletica Inc. reports earnings Wednesday Dec. 6 2017. (AP

Lombard Odier Asset (Usa) Corp holds 0.43% or 90,366 shares in its portfolio.

Stock in Focus: Lululemon Athletica Inc. (NASDAQ:LULU) for 133,711 shares. 9,512 are owned by Dekabank Deutsche Girozentrale. Edge Wealth Mgmt Limited Liability owns 140 shares. IHT Wealth Management LLC increased its position in shares of lululemon athletica by 591.0% during the second quarter. (NASDAQ:LULU). Jpmorgan Chase & Co holds 0% or 157,580 shares in its portfolio. Janney Montgomery Scott Limited Liability stated it has 0.02% of its portfolio in Lululemon Athletica Inc. Samlyn Limited Liability Company reported 105,677 shares. Finally, ETRADE Capital Management LLC bought a new stake in shares of lululemon athletica in the 3rd quarter valued at about $252,000. Crystal Rock Capital Management acquired a new position in lululemon athletica in the 2nd quarter valued at $2,418,000.

Meanwhile, Lululemon is looking for growth in menswear, which it expects to account for at least of one-quarter of annual sales by 2020, and footwear, which it sells in partnership with niche sneaker house Athletic Propulsion Labs. (NASDAQ:LULU). Livforsakringsbolaget Skandia Omsesidigt owns 2,121 shares.

Total comparable sales increased 8%, or increased 7% on a constant dollar basis and comparable store sales increased 2%, or increased 1% on a constant dollar basis. If the $74.99 price target is reached, the company will be worth $295.71M more. On the flip side, the stock is 0.22% away from the 52 week high. Exane Derivatives owns 0% invested in Lululemon Athletica Inc. The stock increased 0.42% or $0.08 during the last trading session, reaching $18.97. About 5.82M shares traded or 213.84% up from the average. Currently LululemonAthletica Inc. (LULU) stock is moving with Upswing trend. (NASDAQ:LULU), 21 have Buy rating, 1 Sell and 16 Hold. Therefore 55% are positive.

Shares of athletic apparel brand Lululemon Athletica Inc. Nomura cut their price target on Lululemon Athletica inc. from $72.00 to $65.00 and set a buy rating on the stock in a research note on Thursday, March 30th. The stock of Lululemon Athletica Inc. As per Friday, January 15, the company rating was maintained by Wolfe Research. The company was maintained on Friday, June 2 by Canaccord Genuity. Susquehanna upgraded the stock to "Positive" rating in Tuesday, September 5 report. RBC Capital Markets has "Outperform" rating and $62 target. The firm earned "Buy" rating on Thursday, July 20 by Cowen & Co. The rating was maintained by JP Morgan on Monday, April 4 with "Overweight". UBS maintained Lululemon Athletica Inc.

Several other analysts also recently weighed in on the stock. As per Monday, January 18, the company rating was maintained by Wolfe Research. The most recent bid on the stock was registered at $39.55. (NASDAQ:LULU) news were published by: Businesswire.com which released: "lululemon athletica inc".

Lululemon shares were climbing more than 7 percent in early dealings, following an upbeat third-quarter earnings report after the bell Wednesday. Announces Third Quarter Fiscal 2017 Earnings ..." published on November 22, 2017 as well as Seekingalpha.com's news article titled: "Lululemon: Investors Hoping To "Breathe Easy" with publication date: "November 24, 2017. "(LULU) PT Raised to $79 at Needham & Company; Comp ..." on December 07, 2017. (NASDAQ:LULU). Tradewinds Cap Management Ltd reported 0.01% in Lululemon Athletica Inc. Potdevin also promised an announcement next week on the women's design side, indicating that the company has no plans to let up on the women's athleisure market it innovated. It operates through two divisions, Company-Operated Stores and Direct to Consumer. It has a 36.16 P/E ratio.

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