lululemon athletica (NASDAQ:LULU) Rating Change
In a research note revealed to clients on 30 March, Citigroup lowered shares of Lululemon Athletica (NASDAQ:LULU) to “Neutral” rating from “Buy” rating.
In spite of this stock rating downgrade NASDAQ:LULU is now trading 4.11% higher at $66.30 as of 2:02 AM New York time. lululemon athletica’s stock is 0% over the last 200 days. It has underperformed the S&P500, which has increased 13.57% over the same time.
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.
Advent International Corp Ma had the most significant stake with ownership of 20.11 million shares as of q2 2015 for 23.05% of the portfolio. Sib Llc is another quite bullish active investment manager who is having 132,728 shares of lululemon athletica or 6.54% of their portfolio. Moreover, Hhr Asset Management Llc have 3.82% of their portfolio invested in the company for 1.33 million shares. The California-based fund Bender Robert & Associates disclosed it had acquired a stake worth about 3.5% of the active investment manager’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 portfolio.
lululemon athletica (NASDAQ:LULU) Profile
Lululemon 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.
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