Does This Provide a Reason to Buy Lululemon Athletica Inc. (LULU)? The Stock Has Formed Multiple Top Chart Pattern

March 20, 2018 - By Stephen Andrade

Investors sentiment increased to 1.2 in 2017 Q3. Its up 0.24, from 0.96 in 2017Q2. It is positive, as 29 investors sold Lululemon Athletica Inc. shares while 89 reduced holdings. 54 funds opened positions while 88 raised stakes. 105.19 million shares or 0.45% more from 104.73 million shares in 2017Q2 were reported.
Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.02% or 31,153 shares. Assetmark Incorporated owns 67 shares. Vident Investment Advisory Ltd Com has invested 0.03% in Lululemon Athletica Inc. (NASDAQ:LULU). Aperio Limited Liability Company has invested 0.01% in Lululemon Athletica Inc. (NASDAQ:LULU). Whittier Trust Com holds 220 shares. Amp Cap Invsts Limited reported 48,246 shares. British Columbia Inv Mngmt holds 57,713 shares or 0.03% of its portfolio. North Star Investment Management accumulated 0% or 210 shares. Trillium Asset Mngmt Ltd reported 109,932 shares stake. Hap Trading Limited Liability Corporation has 0.23% invested in Lululemon Athletica Inc. (NASDAQ:LULU). Illinois-based Old Second Retail Bank Of Aurora has invested 0.01% in Lululemon Athletica Inc. (NASDAQ:LULU). New Amsterdam Ptnrs Ltd Co Ny reported 4,778 shares. Peoples Finance Service holds 200 shares or 0.01% of its portfolio. Lpl Fincl Ltd Liability reported 11,835 shares or 0% of all its holdings. Envestnet Asset Mgmt reported 3,353 shares.

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

The stock of Lululemon Athletica Inc. (LULU) shows a multiple tops pattern with $84.29 target or 5.00 % above today’s $80.28 share price. The 8 months chart pattern indicates low risk for the $10.87B company. It was reported on Mar, 20 by If the $84.29 price target is reached, the company will be worth $543.40M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.59% or $0.48 during the last trading session, reaching $80.28. About 1.14 million shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has declined 19.33% since March 20, 2017 and is downtrending. It has underperformed by 36.03% the S&P500.

Analysts await Lululemon Athletica Inc. (NASDAQ:LULU) to report earnings on April, 4. They expect $1.27 EPS, up 27.00 % or $0.27 from last year’s $1 per share. LULU’s profit will be $171.93M for 15.80 P/E if the $1.27 EPS becomes a reality. After $0.56 actual EPS reported by Lululemon Athletica Inc. for the previous quarter, Wall Street now forecasts 126.79 % EPS growth.

Lululemon Athletica Inc. (NASDAQ:LULU) Ratings Coverage

Among 40 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 24 have Buy rating, 1 Sell and 15 Hold. Therefore 60% are positive. Lululemon Athletica Inc. has $96 highest and $40 lowest target. $74.79’s average target is -6.84% below currents $80.28 stock price. Lululemon Athletica Inc. had 181 analyst reports since August 18, 2015 according to SRatingsIntel. The company was maintained on Monday, August 15 by Telsey Advisory Group. The firm has “Overweight” rating given on Tuesday, August 2 by KeyBanc Capital Markets. SunTrust maintained Lululemon Athletica Inc. (NASDAQ:LULU) rating on Thursday, March 31. SunTrust has “Buy” rating and $79 target. As per Friday, June 2, the company rating was maintained by Oppenheimer. Susquehanna upgraded the stock to “Positive” rating in Tuesday, September 5 report. The rating was maintained by Oppenheimer on Thursday, December 10 with “Outperform”. The firm earned “Hold” rating on Friday, September 11 by Deutsche Bank. M Partners maintained Lululemon Athletica Inc. (NASDAQ:LULU) rating on Tuesday, January 12. M Partners has “Buy” rating and $69.0 target. The rating was upgraded by Bank of America to “Buy” on Wednesday, December 27. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, December 10.

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