Short Term Price Target on lululemon athletica (LULU)

lululemon athletica (NASDAQ:LULU) : The highest short term price target forecast on lululemon athletica (NASDAQ: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.

Shares of Lululemon Athletica Inc. rose by 2.84% in the last five trading days and 11.62% for the last 4 weeks. Lululemon Athletica Inc. is up 7.53% in the last 3-month period. Year-to-Date the stock performance stands at 40.77%. Also, Brokerage firm SunTrust Robinson Humphrey maintains its rating on lululemon athletica (NASDAQ:LULU). As per the latest information, the brokerage house raises the price target to $83 per share from a prior target of $79. The shares have been rated Buy. The rating by the firm was issued on June 9, 2016.

lululemon athletica (NASDAQ:LULU) has an average broker rating of 1.75, which is interpreted as a Buy, as rated by 24 equity analysts. Nonetheless, 16 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

lululemon athletica (NASDAQ:LULU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.69 and $71.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.86, notching a gain of 3.08% for the day. The total traded volume was 2,705,721 . The stock had closed at $71.65 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Pitcher Rhoda M., director of Lululemon Athletica Inc., had unloaded 5,310 shares at an average price of $67.31 in a transaction dated on April 1, 2016. The total value of the transaction was worth $357,416.

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.

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