Lululemon athletica inc. (NASDAQ:LULU) To Report Earnings

Olive Hawkins
December 7, 2017

BMO Capital Markets set a $55.00 target price on lululemon athletica and gave the stock a hold rating in a research note on Tuesday, August 8th. Lululemon Athletica inc. has a 52 week low of $47.26 and a 52 week high of $81.81.

The company repurchased 0.1 million shares of its own common stock at an average cost of $60.27 per share, completing the previous $100 million stock repurchase program which commenced in December 2016. More interesting news about Lululemon Athletica Inc. Wedbush maintained the stock with "Outperform" rating in Thursday, March 30 report. The company was upgraded on Friday, October 20 by Citigroup. Suntrust Banks Inc. now owns 4,239 shares of the apparel retailer's stock valued at $252,000 after purchasing an additional 237 shares in the last quarter. Argus Research maintained it with "Buy" rating and $37 target in Friday, August 19 report. Stifel Nicolaus maintained the stock with "Buy" rating in Thursday, May 25 report. The firm owned 301,963 shares of the apparel retailer's stock after selling 12,065 shares during the quarter. (NASDAQ:LULU), 21 have Buy rating, 2 Sell and 15 Hold.

Investors sentiment decreased to 0.96 in Q2 2017. Its down 0.07, from 1.03 in 2017Q1.

Several other hedge funds have also recently modified their holdings of the business.

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304,681 are held by Fincl Bank Of America De. Shell Asset Company holds 0.01% of its portfolio in Lululemon Athletica Inc. The analyst recommendations from a month ago are 2 Buy, 12 Strong Buy, 0 Sell, 1 Hold and 11.

Shares of lululemon athletica inc.

According to Zacks brokerage recommendations, Lululemon Athletica Inc. Diluted earnings per share was expected to be in the range of 33 to 35 cents for the quarter. Korea Inv Corporation stated it has 365,200 shares or 0.1% of all its holdings. Blair William & Il accumulated 517,525 shares. (NASDAQ:CSCO). Finance Engines Advsr Ltd Liability has 0% invested in Cisco Systems, Inc. Manchester Capital Llc owns 100 shares or 0% of their USA portfolio. In addition, Nike Inc. started to open "pant studios", intensifying competition for Lululemon. During the same period in the prior year, the company posted $0.50 EPS. (NASDAQ:LULU) for 205,661 shares. (LULU) stake by 16% reported in 2017Q2 SEC filing. It has a 32.17 P/E ratio. The apparel retailer reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.01 by $0.01. The stock decreased 1.10% or $0.74 during the last trading session, reaching $66.48.

The favorable outlook caps a year that began with a fashion misstep-company officials blamed its first quarterly comparable-sales decline in more than two years on spring offerings that weren't bold enough-and during which several notable executives have left, including creative director Lee Holman, who gave notice last month that he would leave on December 31. Comparable store sales were 2% better year-over-year, while direct to consumer net revenue gained 26% compared to the year-ago mark. It has underperformed by 36.03% the S&P500.

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