Wells Fargo Begins Coverage on Lululemon Athletica inc. (LULU)

Lululemon Athletica Inc. was the topic in 23 analyst reports since August 18, 2015, according to StockzIntelligence Inc. They set a peer perform rating and a $65.00 price objective on the stock. The company has a 50-day moving average price of $54.07 and a 200-day moving average price of $61.75. Credit Suisse now has $64.00 target price on the apparel retailer’s stock, up from their prior target price of $57.00. Robert W. Baird restated a “buy” rating on shares of Lululemon Athletica inc.in a research report on Friday, September 25th. Company shares opened the most recent trading session at $53.31, traded in the range of $51.66-$53.38 before closing at $52. The stock has a market capitalization of $7.35 billion and a PE ratio of 27.88. Finally, MKM Partners assumed coverage on shares of Lululemon Athletica inc.in a research note on Thursday, September 17th.

Lululemon Athletica’s chief product officer has left the company and other key executives are in new roles as the company looks to increase innovation and execute a 10-year vision. And in relation to this decision, it has also been announced that the company’s Chief Product Officer, Tara Poseley, will be leaving the company after a transition period. Following the completion of the transaction, the insider now directly owns 24,535 shares of the company’s stock, valued at $1,313,113.20. Guggenheim reissued a buy rating on shares of Lululemon Athletica inc.in a research note on Tuesday, July 7th. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock.

Analysts last month questioned Lululemon’s margins, which have dwindled as the company has faced higher costs associated with its worldwide expansion. Canaccord Genuity maintained it with “Hold” rating and $54 target price in a September 11 report. The apparel retailer reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm earned $453 million during the quarter, compared to analyst estimates of $445.83 million. 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. On average, equities research analysts anticipate that Lululemon Athletica inc. will post $1.91 earnings per share for the current fiscal year. Mr. Holman joined the Lululemon in 2014 with 20 years of design and leadership experience, including senior positions at Nike, where he served as Creative Director of Nike Sportswear and most recently as Vice President of Global Apparel, Innovation and Equipment Design Men’s & Women’s. Its apparel assortment, including items, such as fitness trousers, shorts, tops, and jackets, is designed for healthy lifestyle activities such as yoga, running and general fitness. The Company markets its fit attire underneath ivivva athletic brand names and the Lululemon Athletica. The Organization ‘s retail stores are found mainly on street locations, in lifestyle centers and in malls.