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lululemon athletica (NASDAQ:LULU) Rating was Cut by Analysts at BofA Merrill to a “Underperform” Rating

Banc of America Analyst Rating Change lululemon athletica NASDAQ:LULU

lululemon athletica (NASDAQ:LULU) Rating Downgrade

BofA Merrill cut shares of Lululemon Athletica (NASDAQ:LULU) from “Neutral” rating to “Underperform” rating in analysts note issued to clients and investors on Thursday morning.

Despite this stock rating downgrade NASDAQ:LULU is currently trading 4.11% higher at $66.30 as of 2:02 AM New York time. lululemon athletica shares have [From2] 0% over the last 200 days, while the S&P 500 has risen 13.57% over the same time period.

According to data compiled by Thomson Reuters, lululemon athletica (NASDAQ:LULU)’s stock is covered by 31 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $71.39, which reflects an upside potential of 7.68% over the current price.

LULU Stock Chart

Institutional Ownership

Advent International Corp Ma had the largest stake with ownership of 20.11M shares as of Q2 2015 for 23.05% of the fund portfolio. Sib Llc is another very bullish fund who is owning 132,728 shares of lululemon athletica or 6.54% of their fund portfolio. In addition, Hhr Asset Management Llc have 3.82% of their fund portfolio invested in the company for 1.33M shares. The California-based fund Bender Robert & Associates disclosed it had purchased so far a stake worth about 3.5% of the fund’s stock portfolio in lululemon athletica. The New York-based fund Hs Management Partners Llc is also positive about the stock, possessing 86,989 shares or 3.1% of their fund portfolio.

lululemon athletica (NASDAQ:LULU) Profile

Lululemon Athletica IncLululemon Athletica Inc. is a designer, distributor and retailer of technical athletic apparel. The Company’s segments include Company-operated stores, Direct to consumer and Other. The Company offers a line of apparel and accessories for women, men and female youth.

lululemon athletica (NASDAQ:LULU) traded up 4.11% on 30 March, hitting $66.3. A total of 78,465 shares of the company’s stock traded hands. This is down from average of 1.52M shares. lululemon athletica has a 52 week low of $54.00 and a 52 week high of $81.81. The company has a market cap of $9.09B and a P/E ratio of 32.05.

Get the latest lululemon athletica (NASDAQ:LULU) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post lululemon athletica (NASDAQ:LULU) Rating was Cut by Analysts at BofA Merrill to a “Underperform” Rating appeared first on Octafinance.



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lululemon athletica (NASDAQ:LULU) Rating was Cut by Analysts at BofA Merrill to a “Underperform” Rating

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