lululemon athletica (LULU) : Traders are bullish on lululemon athletica (LULU) as it has outperformed the S&P 500 by a wide margin of 0.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.98% in the last 1 week, and is up 1.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.3% and the 50-Day Moving Average is 6.83%. lululemon athletica (NASDAQ:LULU): On Fridays trading session , Opening price of the stock was $79.72 with an intraday high of $79.98. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $78.94. However, the stock managed to close at $79.34, a loss of 0.48% for the day. On the previous day, the stock had closed at $79.72. The total traded volume of the day was 714,418 shares.
The company Insiders own 0.29% of lululemon athletica shares according to the proxy statements. Institutional Investors own 97% of lululemon athletica shares. Also, In the latest statement by the brokerage house, KeyBanc maintains its outlook on lululemon athletica (NASDAQ:LULU). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $85 per share to $89 per share. The rating by the firm was issued on August 11, 2016.
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.