Lululemon Athletica inc. (LULU) Q3 Earnings, Q4 Outlook Beat Expectations

LULU stock chart

In recent trading action Lululemon Athletica Inc. Janus Capital Management LLC raised its stake in shares of Lululemon Athletica inc.by 163.9% in the first quarter.

Lululemon had projected a profit of 33 cents to 35 cents a share, or 50 cents to 52 cents on an adjusted basis, on $605 million to $615 million in sales with comparable sales increasing in the mid-single digits on a constant dollar basis. Parametric Portfolio Limited Liability Corp stated it has 141,851 shares or 0.01% of all its holdings. Usa Fincl Portformulas Corporation has 0.21% invested in Lululemon Athletica Inc. (NASDAQ:LULU), 7 rate it "Buy", 11 "Outperform", 13 "Underperform", 1 "Sell", while 1 "Hold". (NASDAQ:LULU) for 35,600 shares.

Creative Planning accumulated 16,573 shares.

Royal Bank of Canada restated their outperform rating on shares of Lululemon Athletica inc.

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Winslow Asset Management Inc increased its stake in Lululemon Athletica In Com (LULU) by 103.66% based on its latest 2017Q2 regulatory filing with the SEC. Lululemon Athletica Inc. has $92 highest and $40 lowest target. Shell Asset Mgmt has 0.01% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 713 shares. National Bank & Trust Of Montreal Can has 163,601 shares for 0.01% of their portfolio. Goldman Sachs maintained Lululemon Athletica Inc. The company has market cap of $8.99 billion. The institutional investor held 109,226 shares of the apparel company at the end of 2017Q2, valued at $6.52 million, up from 53,631 at the end of the previous reported quarter. Finally, Scotia Capital Inc. lifted its holdings in lululemon athletica by 23.0% in the 2nd quarter. About 1.34M shares traded. (NASDAQ LULU) opened at $66.36 on Wednesday. It has underperformed by 36.03% the S&P500. (NASDAQ:LULU). The Massachusetts-based State Street has invested 0.01% in Lululemon Athletica Inc. "Delivers Black Friday Feast" on December 03, 2017.

About Lululemon Athletica inc. lululemon athletica inc.is a designer, distributor and retailer of athletic apparel.

Canadian yoga and leisure apparel maker Lululemon Athletica Inc on Wednesday reported a higher-than-expected profit and gave an upbeat holiday-quarter forecast, sending its shares up almost 7 per cent in after-hours trading. Crystal Rock Capital Management acquired a new position in lululemon athletica during the 2nd quarter valued at about $2,418,000. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. lululemon athletica presently has a consensus rating of "Hold" and a consensus target price of $65.85. Therefore 55% are positive. Stifel Nicolaus cut their target price on Lululemon Athletica inc. from $67.00 to $60.00 and set a hold rating on the stock in a research note on Thursday, March 30th. On Thursday, June 1 the stock rating was maintained by Credit Suisse with "Hold". Dimensional Fund Advisors LP increased its position in lululemon athletica by 10.5% during the 2nd quarter. The firm has "Buy" rating given on Thursday, March 31 by Citigroup. The firm earned "Overweight" rating on Monday, April 4 by JP Morgan. Jefferies downgraded the stock to "Hold" rating in Thursday, September 8 report. The company was maintained on Tuesday, January 24 by Canaccord Genuity. Jefferies maintained it with "Hold" rating and $60.0 target in Friday, September 1 report.

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