Lululemon Athletica Inc. (LULU) Surges to 52-Week High, Is Now Top Performer

April 18, 2018 - By reb123z

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.12, from 1.2 in 2017Q3. It turned negative, as 34 investors sold Lululemon Athletica Inc. shares while 100 reduced holdings. 65 funds opened positions while 80 raised stakes. 101.36 million shares or 3.64% less from 105.19 million shares in 2017Q3 were reported.
272,773 are held by California Employees Retirement System. Central Comml Bank Company reported 92 shares. 50,000 are owned by State Of New Jersey Common Pension Fund D. Moreover, Glenmede Na has 0% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 7,191 shares. Private Ocean Llc reported 0.01% stake. Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma reported 0% stake. Ser Automobile Association holds 5,398 shares or 0% of its portfolio. Quantitative Systematic Strategies Lc reported 16,793 shares stake. 75,801 are owned by State Of Wisconsin Investment Board. Stone Ridge Asset Mngmt Lc reported 0.07% stake. Metropolitan Life Ins Ny holds 7,143 shares or 0.01% of its portfolio. Paloma Prtn Management invested 0.03% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU). Moreover, Rockefeller Finance Svcs has 0% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 1,000 shares. 157,322 were reported by California State Teachers Retirement. Advisory Networks Lc, Georgia-based fund reported 91 shares.

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

The stock of Lululemon Athletica Inc. (NASDAQ:LULU) hit a new 52-week high and has $101.98 target or 7.00 % above today’s $95.31 share price. The 6 months bullish chart indicates low risk for the $12.91B company. The 1-year high was reported on Apr, 18 by Barchart.com. If the $101.98 price target is reached, the company will be worth $903.49 million 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 0.75% or $0.71 during the last trading session, reaching $95.31. About 517,884 shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has risen 22.77% since April 18, 2017 and is uptrending. It has outperformed by 11.22% the S&P500.

Analysts await Lululemon Athletica Inc. (NASDAQ:LULU) to report earnings on June, 7. They expect $0.45 EPS, up 40.63 % or $0.13 from last year’s $0.32 per share. LULU’s profit will be $60.94 million for 52.95 P/E if the $0.45 EPS becomes a reality. After $1.33 actual EPS reported by Lululemon Athletica Inc. for the previous quarter, Wall Street now forecasts -66.17 % negative EPS growth.

Lululemon Athletica Inc. (NASDAQ:LULU) Ratings Coverage

Among 26 analysts covering Lululemon Athletica Inc (NASDAQ:LULU), 16 have Buy rating, 0 Sell and 10 Hold. Therefore 62% are positive. Lululemon Athletica Inc had 59 analyst reports since October 20, 2017 according to SRatingsIntel. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) earned “Buy” rating by Cowen & Co on Friday, November 3. The firm has “Buy” rating by Cowen & Co given on Tuesday, March 27. The firm has “Neutral” rating by Citigroup given on Tuesday, January 2. On Tuesday, February 6 the stock rating was maintained by Canaccord Genuity with “Hold”. The rating was maintained by Susquehanna with “Buy” on Tuesday, January 9. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Hold” rating given on Monday, January 8 by Stifel Nicolaus. Needham maintained it with “Buy” rating and $71.0 target in Friday, December 1 report. The firm has “Buy” rating given on Monday, January 8 by Robert W. Baird. The firm earned “Buy” rating on Tuesday, March 27 by RBC Capital Markets. Robert W. Baird maintained Lululemon Athletica Inc. (NASDAQ:LULU) on Tuesday, January 2 with “Buy” rating.

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 $12.91 billion. It operates through two divisions, Company-Operated Stores and Direct to Consumer. It has a 47.35 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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