Lululemon Athletica (LULU) is Reiterated by Deutsche Bank to Hold, Raises Price Target to $ 65

Lululemon Athletica (LULU) was Reiterated by Deutsche Bank to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 65 from a previous price target of $60 . Deutsche Bank advised their investors in a research report released on Jun 9, 2016.

Many Wall Street Analysts have commented on Lululemon Athletica. Company shares were Reiterated by Telsey Advisory Group on Jun 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 82 from a previous price target of $78 .Company shares were Reiterated by Mizuho on Jun 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 68 from a previous price target of $65 .BofA/Merrill Resumed Lululemon Athletica on May 16, 2016 to “Underperform”, Price Target of the shares are set at $50.

On the company’s financial health, Lululemon Athletica reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 8, 2016. Analyst had a consensus of $0.31. The company had revenue of $495.50 million for the quarter, compared to analysts expectations of $487.82 million. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Lululemon Athletica closed down -0.61 points or -0.89% at $68.14 with 54,29,484 shares getting traded on Tuesday. Post opening the session at $68.55, the shares hit an intraday low of $66.9603 and an intraday high of $68.7499 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Lululemon Athletica

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