Lululemon Athletica (LULU) is Initiated by Buckingham Research to Neutral, Price Target at $55

Lululemon Athletica (LULU) was Initiated by Buckingham Research to “Neutral” and the brokerage firm has set the Price Target at $55. Buckingham Research advised their investors in a research report released on Nov 29, 2016.

Many Wall Street Analysts have commented on Lululemon Athletica. Lululemon Athletica was Downgraded by Credit Suisse to ” Neutral” on Nov 16, 2016. Lululemon Athletica was Initiated by Susquehanna to “Positive” on Sep 16, 2016. Lululemon Athletica was Downgraded by Jefferies to ” Hold” on Sep 8, 2016.

On the company’s financial health, Lululemon Athletica reported $0.38 EPS for the quarter, based on the information available during the earnings call on Sep 1, 2016. Analyst had a consensus estimate of $0.38. The company had revenue of $514.52 million for the quarter, compared to analysts expectations of $515.78 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Lululemon Athletica opened for trading at $58.44 and hit $58.56 on the upside on Friday, eventually ending the session at $57.99, with a gain of 0.14% or 0.08 points. The heightened volatility saw the trading volume jump to 4,83,004 shares. Company has a market cap of $7,947 M.

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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