Lululemon athletica (LULU) Stock Rating Reaffirmed by Needham & Company LLC

Thursday, 07 Dec, 2017

Sumitomo Mitsui Trust Holdings Inc. cut its stake in shares of lululemon athletica inc. (NASDAQ:LULU), 21 have Buy rating, 2 Sell and 15 Hold. The firm has "Hold" rating by KeyBanc Capital Markets given on Thursday, August 24. Diluted earnings per share are expected to be in the range of $1.18 to $1.21 for the quarter. RBC Capital and their recent target price per share gives a potential downside of -0.98 % from the company's close price. Comerica Bank lifted its holdings in lululemon athletica by 1.0% in the 2nd quarter. Over the last week of the month, it was -1.50%, 7.92% over the last quarter, and 27.00% for the past six months. Visit MarketWatch.com for more information on this news. D E Shaw & has 0.02% invested in Lululemon Athletica Inc. Nomura Asset Management Ltd invested 0.01% of its portfolio in Lululemon Athletica Inc. Scotia Capital Inc. now owns 5,221 shares of the apparel retailer's stock valued at $311,000 after purchasing an additional 978 shares in the last quarter. Andra Ap owns 0.05% invested in Lululemon Athletica Inc. (NASDAQ LULU) opened at $66.36 on Wednesday. The company's stock had a trading volume of 1,859,400 shares, compared to its average volume of 2,600,474. lululemon athletica has a 12-month low of $47.26 and a 12-month high of $72.70.

Several equities research analysts have recently weighed in on the company.

The company repurchased 0.1 million shares of its own common stock at an average cost of $60.27 per share, completing the previous $100 million stock repurchase program which commenced in December 2016. Bank of America raised shares of lululemon athletica from an "underperform" rating to a "buy" rating and upped their price objective for the company from $48.00 to $70.00 in a research note on Monday, August 21st. Zacks Investment Research downgraded lululemon athletica from a "hold" rating to a "sell" rating in a report on Tuesday, November 28th. Oppenheimer maintained the shares of LULU in report on Thursday, December 10 with "Outperform" rating.

Lululemon had projected a profit of 33 cents to 35 cents a share, or 50 cents to 52 cents on an adjusted basis, on $605 million to $615 million in sales with comparable sales increasing in the mid-single digits on a constant dollar basis. Moreover, Us Comml Bank De has 0.01% invested in Lululemon Athletica Inc. "(LULU)" was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and global trademark & copyright laws. The original version of this piece can be viewed at https://www.thelincolnianonline.com/2017/12/06/lululemon-athletica-lulu-updates-q4-earnings-guidance.html.

The company said its targeted marketing efforts helped it attract new customers to its stores and website and also generate more sales from loyal shoppers. It is also engaged in the sale from outlets, showrooms, sales from temporary locations, sales to wholesale accounts, warehouse sales, and license and supply arrangements.