lululemon athletica (NASDAQ:LULU) Rating Reiterated

The financial firm have set price target of $68.0 on Lululemon Athletica (NASDAQ:LULU) shares. This is 14.61 % from the stock close price. In analysts note revealed to clients on Friday, 14 July, Oppenheimer kept their “Outperform” rating on shares of LULU.

NASDAQ:LULU is right now trading 0.81% higher at $59.81 as of 8:09 AM New York time. lululemon athletica’s stock is 0% in the past 200 days. It has underperformed the S&P 500, which has gained 6.00% in 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 19.36% over the current price.

Institutional Ownership

Advent International Corp Ma had the largest stake with ownership of 20.11 million shares as of q2 2015 for 23.05% of the US long stock exposure. Sib Llc is another notably bullish active investment manager who is possessing 132,728 shares of lululemon athletica or 6.54% of their US long stock exposure. Further, Hhr Asset Management Llc have 3.82% of their US long stock exposure invested in the company for 1.33 million shares. The California-based fund Bender Robert & Associates disclosed it had bought 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 US long stock exposure.

lululemon athletica (NASDAQ: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 (NASDAQ:LULU) traded up 0.81% on 14 July, hitting $59.81. A total of 841,466 shares of the company’s stock traded hands. This is down from average of 3.40 million shares. lululemon athletica has a 52 week low of $47.26 and a 52 week high of $81.81. The company has a market cap of $8.26 billion and a P/E ratio of 28.37.

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The post New York: lululemon athletica (NASDAQ:LULU)’s Stock Had Its “Outperform” Rating Restated at Oppenheimer in Report Issued Today. Has $68.0 Target appeared first on Octafinance.