The stock of Lululemon Athletica inc. (LULU) formed H&S with $66.69 target or 3.00% below today’s $68.75 share price. The 8 months Head & Shoulders indicates high risk for the $9.66 billion company. It was reported on Jan, 11 by Faxor.com. If the $66.69 price target is reached, the company will be worth $289.80M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%. About 562,919 shares traded hands. Lululemon Athletica inc. (NASDAQ:LULU) has risen 2.58% since June 7, 2016 and is uptrending. It has underperformed by 4.84% the S&P500.
Lululemon Athletica inc. (NASDAQ:LULU) Ratings Coverage
Out of 32 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 19 rate it a “Buy”, 2 “Sell”, while 11 “Hold”. This means 59% are positive. $92 is the highest target while $40 is the lowest. The $66.97 average target is -2.59% below today’s ($68.75) stock price. Lululemon Athletica Inc. has been the topic of 87 analyst reports since August 18, 2015 according to StockzIntelligence Inc. M Partners maintained the shares of LULU in a report on Tuesday, January 12 with “Buy” rating. The stock of Lululemon Athletica inc. (NASDAQ:LULU) has “Hold” rating given on Thursday, June 9 by Deutsche Bank. The rating was initiated by Citigroup with “Buy” on Wednesday, October 7. On Friday, October 16 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Neutral” rating by DA Davidson on Friday, September 11. The firm has “Positive” rating by Susquehanna given on Friday, September 16. The stock of Lululemon Athletica inc. (NASDAQ:LULU) earned “Underperform” rating by Bank of America on Monday, May 16. As per Thursday, September 10, the company rating was downgraded by Evercore. KeyBanc Capital Markets maintained Lululemon Athletica inc. (NASDAQ:LULU) rating on Thursday, August 11. KeyBanc Capital Markets has “Overweight” rating and $89 price target. On Thursday, March 31 the stock rating was maintained by Goldman Sachs with “Sell”.
According to Zacks Investment Research, “lululemon athletica Inc. designs and retails athletic clothing for women, men, and female youth. Its apparel assortment, including items, such as fitness pants, shorts, tops and jackets, is designed for activities such as yoga, running and general fitness. The Company’s fitness-related accessories include an array of items, such as bags, socks, underwear, yoga mats, instructional yoga digital versatile discs and water bottles. lululemon athletica Inc. is based in Vancouver, Canada.”
Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q3. Its up 0.24, from 0.79 in 2016Q2. The ratio increased, as 35 funds sold all Lululemon Athletica inc. shares owned while 113 reduced positions. 54 funds bought stakes while 99 increased positions. They now own 121.99 million shares or 4.32% less from 127.50 million shares in 2016Q2.
Moreover, Royal Fincl Bank Of Canada has 0.01% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 181,920 shares. Moreover, Northwestern Mutual Wealth Communications has 0% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 1,304 shares. Moreover, Diam Ltd has 0.04% invested in Lululemon Athletica inc. (NASDAQ:LULU) for 39,400 shares. Manning And Napier Ltd Llc accumulated 6.48 million shares or 2.42% of the stock. Schroder Inv Group has invested 0.11% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Wells Fargo And Co Mn has 273,932 shares for 0.01% of their US portfolio. United Ser Automobile Association, a Texas-based fund reported 63,747 shares. Next Century Growth Invsts Limited Liability Corporation last reported 0.09% of its portfolio in the stock. Gilder Gagnon Howe Co Ltd Liability has invested 0.06% of its portfolio in Lululemon Athletica inc. (NASDAQ:LULU). Da Davidson & has 0.01% invested in the company for 4,600 shares. Qci Asset Mgmt accumulated 0% or 70 shares. Washington Tru Retail Bank last reported 89 shares in the company. Citadel Ltd holds 217,985 shares or 0.01% of its portfolio. Maverick Capital Ltd last reported 40,990 shares in the company. Quantitative Management Limited Liability Corp last reported 0.28% of its portfolio in the stock.
LULU Company Profile
Lululemon Athletica Inc., incorporated on November 21, 2005, is a designer, distributor and retailer of technical athletic apparel. The Company’s divisions include Company-operated stores, Direct to consumer and Other. The Firm offers a line of apparel and accessories for women, men and female youth. The Company’s apparel assortment includes items, such as pants, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth. The Company’s fitness-related accessories include an array of items, such as bags, socks, underwear, yoga mats and water bottles. The Firm conducts its business through two channels: Company-operated stores and direct to consumer.
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