Lululemon Athletica Inc (NDAQ:LULU) Rating Restated

The broker have set target price per share of $68.00 on Lululemon Athletica Inc (NDAQ:LULU) shares. This is 13.69 % from the last price. In an analyst report revealed to investors on 14 July, Oppenheimer reaffirmed their “Outperform” rating on shares of LULU.

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 19.36% over the current price.

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 US long stock exposure. Sib Llc is another very bullish investment manager who is having 132,728 shares of Lululemon Athletica Inc. 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 1.33M shares. The California-based fund Bender Robert & Associates revealed it had acquired so far a stake worth about 3.5% of the 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 US long stock exposure.

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 0.81% on 14 July, hitting $59.81. A total of 841,766 shares of the company’s stock traded hands. This is down from average of 3.40 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 $8.26 billion and a P/E ratio of 28.37.

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The post Lululemon Athletica Inc (NDAQ:LULU) Stock “Outperform” Rating Kept at Oppenheimer; The Target Price per Share is Set to $68.00 appeared first on Octafinance.