Lululemon Athletica Inc. (LULU)’s Stock Is Buy After Making 52-Week High

June 14, 2018 - By Jeanette Kaplan

Investors sentiment increased to 1.18 in 2018 Q1. Its up 0.10, from 1.08 in 2017Q4. It increased, as 35 investors sold Lululemon Athletica Inc. shares while 102 reduced holdings. 68 funds opened positions while 94 raised stakes. 105.01 million shares or 3.60% more from 101.36 million shares in 2017Q4 were reported.
Lord Abbett & Limited Liability Company has 758,404 shares for 0.2% of their portfolio. Td Asset Management holds 5,500 shares or 0% of its portfolio. Edge Wealth Mngmt Limited Liability Corporation has 0% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 140 shares. Regions Corporation reported 271 shares or 0% of all its holdings. Nippon Life Americas stated it has 0.05% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU). United Fincl Advisers Lc has 0% invested in Lululemon Athletica Inc. (NASDAQ:LULU). British Columbia Management Corp stated it has 0.04% in Lululemon Athletica Inc. (NASDAQ:LULU). Credit Suisse Ag accumulated 0.01% or 159,919 shares. Two Sigma Ltd Llc reported 4,700 shares. Bnp Paribas Arbitrage Sa invested in 0% or 7,919 shares. Clearbridge Invs Ltd Llc, a New York-based fund reported 100 shares. Natixis invested in 446,415 shares. Nordea Inv Mngmt Ab holds 0% or 3,118 shares in its portfolio. Moreover, American Interest Grp Incorporated has 0% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 2,182 shares. Evergreen Management Limited Liability Corp reported 15,440 shares stake.

Since February 12, 2018, it had 0 insider purchases, and 3 sales for $1.42 billion activity. MUSSAFER DAVID M also sold $2.17 million worth of Lululemon Athletica Inc. (NASDAQ:LULU) on Thursday, June 7. ADVENT INTERNATIONAL CORP/MA had sold 10.00M shares worth $1.21B.

The stock of Lululemon Athletica Inc. (NASDAQ:LULU) hit a new 52-week high and has $135.95 target or 8.00 % above today’s $125.88 share price. The 8 months bullish chart indicates low risk for the $16.67 billion company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $135.95 price target is reached, the company will be worth $1.33B 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 $0.75 during the last trading session, reaching $125.88. About 1.35 million shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has risen 118.07% since June 14, 2017 and is uptrending. It has outperformed by 105.50% the S&P500.

Analysts await Lululemon Athletica Inc. (NASDAQ:LULU) to report earnings on August, 30. They expect $0.48 earnings per share, up 23.08 % or $0.09 from last year’s $0.39 per share. LULU’s profit will be $63.58 million for 65.56 P/E if the $0.48 EPS becomes a reality. After $0.55 actual earnings per share reported by Lululemon Athletica Inc. for the previous quarter, Wall Street now forecasts -12.73 % 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 15, 2017 according to SRatingsIntel. Robert W. Baird maintained the shares of LULU in report on Monday, January 8 with “Buy” rating. Cowen & Co maintained it with “Buy” rating and $78.0 target in Monday, January 8 report. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) earned “Buy” rating by Robert W. Baird on Friday, June 8. The firm earned “Hold” rating on Tuesday, May 22 by Stifel Nicolaus. The company was maintained on Wednesday, March 28 by Robert W. Baird. SunTrust maintained the shares of LULU in report on Friday, February 2 with “Buy” rating. The firm has “Buy” rating by Needham given on Tuesday, January 9. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) earned “Hold” rating by Stifel Nicolaus on Friday, June 8. JP Morgan maintained Lululemon Athletica Inc. (NASDAQ:LULU) rating on Wednesday, March 28. JP Morgan has “Overweight” rating and $95 target. Susquehanna maintained the stock with “Buy” rating in Tuesday, January 9 report.

More notable recent Lululemon Athletica Inc. (NASDAQ:LULU) news were published by: Nasdaq.com which released: “Retail Stocks Are Far From Dead. See Who’s Leading the Rebound” on June 01, 2018, also Nasdaq.com with their article: “Under Armour Inc Sells Out With ‘The Rock,’ But Investors Shouldn’t Buy the Hype” published on June 07, 2018, Seekingalpha.com published: “Lululemon: Beautiful Rebound Story Running Its Course” on June 04, 2018. More interesting news about Lululemon Athletica Inc. (NASDAQ:LULU) were released by: Benzinga.com and their article: “Bernstein Questions The Sustainability Of Lululemon’s Momentum” published on June 01, 2018 as well as Fool.com‘s news article titled: “3 Top Retail Stocks to Buy Right Now” with publication date: June 14, 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 $16.67 billion. It operates through two divisions, Company-Operated Stores and Direct to Consumer. It has a 62.53 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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