A Reversal for Lululemon Athletica Inc. (LULU) Is Not Near. The Stock Reaches 52-Week High Today

May 17, 2018 - By Ann Prendergast

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.12, from 1.2 in 2017Q3. It worsened, as 34 investors sold Lululemon Athletica Inc. shares while 100 reduced holdings. 65 funds opened positions while 80 raised stakes. 101.36 million shares or 3.64% less from 105.19 million shares in 2017Q3 were reported.
Bender Robert Associates reported 82,542 shares. Stone Ridge Asset Limited Liability Co has invested 0.07% in Lululemon Athletica Inc. (NASDAQ:LULU). California-based Kcm Invest has invested 0.04% in Lululemon Athletica Inc. (NASDAQ:LULU). Verition Fund Mgmt Ltd Com has 0.07% invested in Lululemon Athletica Inc. (NASDAQ:LULU). Whittier Com Of Nevada reported 165 shares. Arrowstreet Partnership holds 0.07% or 395,741 shares in its portfolio. Citadel Advsrs Limited has 0.14% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 2.86 million shares. Moore Mngmt Ltd Partnership holds 0.7% or 490,000 shares in its portfolio. Moreover, Captrust Finance has 0% invested in Lululemon Athletica Inc. (NASDAQ:LULU). Franklin Resources Inc invested in 9,594 shares or 0% of the stock. Bancshares Of Mellon reported 999,501 shares or 0.02% of all its holdings. Art Advisors Lc invested in 0.53% or 152,800 shares. Oakbrook Invests Ltd Liability Company holds 0.02% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU) for 3,370 shares. Victory Cap Management reported 317,402 shares. Toronto Dominion Natl Bank stated it has 0% in Lululemon Athletica Inc. (NASDAQ:LULU).

Since February 12, 2018, it had 0 buys, and 1 sale for $211.00 million activity.

The stock of Lululemon Athletica Inc. (NASDAQ:LULU) hit a new 52-week high and has $106.35 target or 4.00 % above today’s $102.26 share price. The 6 months bullish chart indicates low risk for the $13.88 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $106.35 price target is reached, the company will be worth $555.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.60% or $0.61 during the last trading session, reaching $102.26. About 669,396 shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has risen 22.77% since May 17, 2017 and is uptrending. It has outperformed by 11.22% the S&P500.

Analysts await Lululemon Athletica Inc. (NASDAQ:LULU) to report earnings on June, 7. They expect $0.45 EPS, up 40.63 % or $0.13 from last year’s $0.32 per share. LULU’s profit will be $61.06M for 56.81 P/E if the $0.45 EPS becomes a reality. After $1.33 actual EPS reported by Lululemon Athletica Inc. for the previous quarter, Wall Street now forecasts -66.17 % negative EPS growth.

Lululemon Athletica Inc. (NASDAQ:LULU) Ratings Coverage

Among 26 analysts covering Lululemon Athletica Inc (NASDAQ:LULU), 15 have Buy rating, 0 Sell and 11 Hold. Therefore 58% are positive. Lululemon Athletica Inc had 56 analyst reports since December 1, 2017 according to SRatingsIntel. As per Wednesday, December 6, the company rating was maintained by Robert W. Baird. Jefferies maintained Lululemon Athletica Inc. (NASDAQ:LULU) rating on Monday, January 8. Jefferies has “Hold” rating and $72.0 target. The firm earned “Buy” rating on Tuesday, January 9 by William Blair. The company was maintained on Tuesday, January 9 by Guggenheim. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Equal-Weight” rating given on Tuesday, April 10 by Morgan Stanley. The firm has “Hold” rating by Needham given on Monday, April 23. Guggenheim maintained it with “Buy” rating and $9000 target in Tuesday, March 27 report. Bank of America upgraded the stock to “Buy” rating in Wednesday, December 27 report. The rating was maintained by Jefferies on Wednesday, March 28 with “Hold”. The rating was maintained by Cowen & Co on Monday, January 8 with “Buy”.

More notable recent Lululemon Athletica Inc. (NASDAQ:LULU) news were published by: Schaeffersresearch.com which released: “Analyst Expects Higher Highs for Lululemon Stock” on May 07, 2018, also Fool.com with their article: “Why Lululemon Athletica Stock Gained 12% in April” published on May 04, 2018, Benzinga.com published: “5 Biggest Price Target Changes For Monday” on May 14, 2018. More interesting news about Lululemon Athletica Inc. (NASDAQ:LULU) were released by: Seekingalpha.com and their article: “Lululemon Continues To Exceed Expectations” published on April 23, 2018 as well as Streetinsider.com‘s news article titled: “Wedbush Starts Lululemon Athletica Inc. (LULU) at Neutral” with publication date: May 10, 2018.

lululemon athletica inc., an athletic apparel company, together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth. The company has market cap of $13.88 billion. It operates through two divisions, Company-Operated Stores and Direct to Consumer. It has a 50.8 P/E ratio. The firm offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga and running; other sweaty pursuits; and athletic wear for female youth.

Lululemon Athletica Inc. (NASDAQ:LULU) Institutional Positions Chart

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