lululemon athletica (LULU) : 24 analysts are covering lululemon athletica (LULU) and their average rating on the stock is 1.75, which is read as a Buy. 16 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. lululemon athletica (LULU) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
lululemon athletica (LULU) : The highest short term price target forecast on lululemon athletica (LULU) is $85 and the lowest target price is $40. A total of 23 equity analysts are currently covering the company. The average price of all the analysts is $72.48 with a standard deviation of $12.02.
lululemon athletica (NASDAQ:LULU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.37 and $73.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.41, notching a gain of 1.54% for the day. The total traded volume was 1,264,308 . The stock had closed at $73.28 on the previous day.
Also, Equity analysts at the Brokerage firm SunTrust Robinson Humphrey maintains its rating on lululemon athletica (NASDAQ:LULU). The rating major has initiated the coverage with buy rating on the shares. The Analysts at SunTrust Robinson Humphrey raises the price target from $79 per share to $83 per share. The rating by the firm was issued on June 9, 2016. The company shares have rallied 14.55% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $74.81 and the one year low was seen on Nov 17, 2015. The 50-Day Moving Average price is $68.25 and the 200 Day Moving Average price is recorded at $62.79.
lululemon athletica inc. is a designer and retailer of technical athletic apparel. The Company offers a line of apparel and accessories for women, men and female youth. Its apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, general fitness and dance-inspired apparel for female youth. The Company conducts its business through two channels: corporate-owned stores and direct to consumer. The Company markets its athletic apparel under the lululemon athletica and ivivva athletica brand names. As of February 1, 2015, the Companys retail footprint included 211 stores in the United States, 57 stores in Canada, 26 stores in Australia, five in New Zealand, two in the United Kingdom and one in Singapore. The Companys retail stores are located primarily on street locations, in lifestyle centers and in malls.