Lululemon Athletica Inc (NDAQ:LULU) Rating Reiterated

Stock research analysts at Canaccord Genuity have $41.00 target price per share on Lululemon Athletica Inc (NDAQ:LULU). Canaccord Genuity’s target price per share gives a potential downside of -24.48 % from the company’s current stock price. The rating was disclosed in analysts report on Friday, 2 June.

According to data compiled by Thomson Reuters, Lululemon Athletica Inc (NDAQ: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 31.50% over the current price.

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 portfolio. Sib Llc is another bullish active investment manager who is owning 132,728 shares of Lululemon Athletica Inc. or 6.54% of their portfolio. Also, 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 revealed it had acquired a stake worth about 3.5% of the active investment manager’s stock portfolio in Lululemon Athletica Inc.. 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 Inc (NDAQ:LULU) Profile

lululemon athletica inc. is a designer, distributor and retailer of athletic apparel. The Company operates through two segments: Company-operated stores and Direct to consumer. 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.

Lululemon Athletica Inc (NDAQ:LULU) traded up 11.55% on 2 June, hitting $54.29. A total of 22.80 million shares of the company’s stock traded hands. This is up from average of 3.25 million shares. Lululemon Athletica Inc. has a 52 week low of $47.26 and a 52 week high of $81.81. The company has a market cap of $7.50 billion and a P/E ratio of 24.57.

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