Lululemon shares jump on earnings, sales beat

LULU stock chart

LULU stock chart

Its down 0.07, from 1.03 in 2017Q1.

Analysts await lululemon athletica inc. 53 funds opened positions while 89 raised stakes. Gross square footage also declined, sinking below the $1.2 million mark. Manchester Capital Llc owns 100 shares or 0% of their USA portfolio. 8,149 were reported by Marshall Wace Llp. Credit Agricole S A reported 30,785 shares.

Receive lululemon athletica inc. (NASDAQ:LULU). Creative Planning has 0.01% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 35,600 shares. Hhr Asset Mngmt Limited Company stated it has 4.94% in Lululemon Athletica Inc. Lululemon is based in Vancouver, Canada. (NASDAQ LULU) traded up 0.83% during trading on Thursday, hitting $48.67. Northwestern Mutual Wealth Mngmt holds 0% of its portfolio in Lululemon Athletica Inc. (NASDAQ:CSCO) for 94 shares. Capstone Investment Advisors Ltd Liability Co invested in 0.01% or 6,800 shares. Usa Portformulas Corp reported 14,422 shares. Old Second Natl Bank Of Aurora holds 365 shares or 0.01% of its portfolio.

"As we start the holiday season, I'm energized by our momentum and we are increasing guidance to reflect this performance", said Lululemon Athletica CEO Laurent Potdevin. RBC Capital's PT suggests a possible downside of -0.98 % from the last stock close price of the company.

Among 38 analysts covering Lululemon Athletica Inc.

The company's board also approved spending up to $200 million to buy back stock. Therefore 55% are positive. The stock has a consensus rating of "Hold" and an average price target of $65.85. Lululemon Athletica Inc. had 145 analyst reports since August 18, 2015 according to SRatingsIntel. Canaccord Genuity maintained Lululemon Athletica Inc. Jefferies maintained it with "Hold" rating and $60.0 target in Friday, September 1 report. The rating was maintained by KeyBanc Capital Markets with "Overweight" on Thursday, August 11. Cowen & Co maintained the shares of CSCO in report on Friday, November 3 with "Buy" rating. At present, 1 analysts call it Sell, while 13 think it is Hold. The firm earned "Hold" rating on Tuesday, August 29 by Susquehanna. The rating was downgraded by Credit Suisse on Wednesday, November 16 to "Neutral". The stock of Lululemon Athletica Inc. The firm earned "Overweight" rating on Monday, April 4 by JP Morgan. Finally, Oppenheimer reissued an "outperform" rating and issued a $68.00 target price on shares of lululemon athletica in a report on Tuesday, October 10th. The stock decreased 1.10% or $0.74 during the last trading session, reaching $66.48. It has underperformed by 36.03% the S&P500. The company has market cap of $9.10 billion.

Direct to consumer net revenue increased 26 percent, or increased 25 percent on a constant dollar basis. LULU's profit will be $70.40 million for 32.32 P/E if the $0.52 EPS becomes a reality. The firm offers trousers, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga and running; other sweaty pursuits; and athletic wear for female youth. The Company's apparel assortment includes items, such as pants, shorts, tops, and jackets designed for healthy lifestyle and athletic activities, such as yoga, running, training, most other sweaty pursuits, and athletic wear for female youth. More interesting news about Lululemon Athletica Inc.

Lululemon Athletica (LULU - Free Report) just released its third quarter fiscal 2017 financial results after the bell, posting diluted earnings of 43 cents per share and revenues of $619 million.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Week Herald and is owned by of Week Herald. (LULU) PT Raised to $75 at BofA/Merrill Lynch ..." with publication date: "November 27, 2017.

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