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lululemon athletica (NASDAQ:LULU) was Lowered by Wells Fargo from a “Outperform” Rating to “Market Perform”

Wells Fargo Analyst Rating Change lululemon athletica NASDAQ:LULU

lululemon athletica (NASDAQ:LULU) Change of Rating

In a research note revealed to investors and clients on 30 March, analysts at Wells Fargo’s equity research division downgraded Lululemon Athletica (NASDAQ:LULU)’s stock rating from “Outperform” to “Market Perform”.

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 biggest stake with ownership of 20.11 million shares as of Q2 2015 for 23.05% of the fund’s portfolio. Sib Llc is another quite bullish investment manager who is having 132,728 shares of lululemon athletica or 6.54% of their fund’s portfolio. In addition, Hhr Asset Management Llc have 3.82% of their fund’s portfolio invested in the company for 1.33 million shares. The California-based fund Bender Robert & Associates disclosed it had bought so far a stake worth about 3.5% of the 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 fund’s 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 1.52 million 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 $9.09 billion and a P/E ratio of 32.05.

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The post lululemon athletica (NASDAQ:LULU) was Lowered by Wells Fargo from a “Outperform” Rating to “Market Perform” appeared first on Octafinance.

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lululemon athletica (NASDAQ:LULU) was Lowered by Wells Fargo from a “Outperform” Rating to “Market Perform”


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