Lululemon Athletica (LULU) was Resumed by BofA/Merrill to “Underperform” and the brokerage firm has set the Price Target at $50. BofA/Merrill advised their investors in a research report released on May 16, 2016.
Many Wall Street Analysts have commented on Lululemon Athletica. Company shares were Reiterated by MKM Partners on Mar 31, 2016 to “Buy”, Firm has raised the Price Target to $ 77 from a previous price target of $69 .Company shares were Reiterated by UBS on Mar 31, 2016 to “Neutral”, Firm has raised the Price Target to $ 69 from a previous price target of $60 .Company shares were Reiterated by Nomura on Mar 31, 2016 to “Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $59 .
On the company’s financial health, Lululemon Athletica reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 30, 2016. Analyst had a consensus of $0.80. The company had revenue of $704.30 million for the quarter, compared to analysts expectations of $693.83 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.
Lululemon Athletica closed down -0.04 points or -0.06% at $61.58 with 19,58,059 shares getting traded on Friday. Post opening the session at $61.51, the shares hit an intraday low of $60.1 and an intraday high of $62.56 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Apr 5, 2016, Rhoda M. Pitcher (director) sold 5,310 shares at $67.31 per share price. According to the SEC, on Sep 23, 2015, Tara Poseley (Chief Product Officer) purchased 4,000 shares at $53.51 per share price. On Apr 1, 2015, Thomas Stemberg (director) sold 5,310 shares at $65.11 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s 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 Company’s retail stores are located primarily on street locations in lifestyle centers and in malls.