lululemon athletica (LULU) : 23 analysts are covering lululemon athletica (LULU) and their average rating on the stock is 1.78, which is read as a Buy. 15 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 consensus price target for lululemon athletica (LULU) is $72.41 for the short term with a standard deviation of $12.39. The most optimist securities analyst among the 22 who monitor the stock believes that the stock can reach $85, however, the pessimist price target for the company is $40.
For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains its view on lululemon athletica (NASDAQ:LULU) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $78 per share to $89 per share on lululemon athletica . The rating by the firm was issued on July 29, 2016.
lululemon athletica (NASDAQ:LULU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.60 and $72.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.40, notching a gain of 0.58% for the day. The total traded volume was 2,906,900 . The stock had closed at $76.95 on the previous day.
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.