KeyBanc Downgrades Lululemon Athletica to Sector Weight

Brokerage firm KeyBanc Downgrades its rating on Lululemon Athletica(LULU). The shares have been rated Sector Weight. Previously, the analysts had a Overweight rating on the shares. The rating by KeyBanc was issued on Feb 3, 2017.

In a different note, On Feb 2, 2017, Goldman Sachs said it Upgrades its rating on Lululemon Athletica. The shares have been rated ‘Neutral’ by the firm. CLSA said it Initiates Coverage On Lululemon Athletica, according to a research note issued on Jan 19, 2017. In the research note, the firm Announces the price-target to $73 per share. The shares have been rated ‘Underperform’ by the firm. On Dec 12, 2016, FBR Capital said it Upgrades its rating on Lululemon Athletica. According to the research note, FBR Capital Raises the price target to $67 per share from a prior target of $40. The shares have been rated ‘Market Perform’ by the firm.

Lululemon Athletica (LULU) shares turned negative on Tuesdays trading session with the shares closing down -0.33 points or -0.50% at a volume of 9,36,200. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $66.74. The peak price level was also seen at $66.74 while the days lowest was $65.84. Finally the shares closed at $66.14. The 52-week high of the shares is $81.81 while the 52-week low is $54. According to the latest information available, the market cap of the company is $9,066 M.

Lululemon Athletica(LULU) last announced its earnings results on Sep 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $514.52M. Analysts had an estimated revenue of $514.64M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Apr 5, 2016, Rhoda M. Pitcher (director) sold 5,310 shares at $67.31 per share price.Also, On Sep 23, 2015, Tara Poseley (Chief Product Officer) purchased 4,000 shares at $53.51 per share price.On Apr 1, 2015, Thomas Stemberg (director) sold 5,310 shares at $65.11 per share price, according to the Form-4 filing with the securities and exchange commission.

lululemon athletica inc. is a designer and retailer of technical athletic apparel. The Company offers a line of apparel and accessories for women men and female youth. Its apparel assortment includes items such as pants shorts tops and jackets designed for healthy lifestyle activities and athletic pursuits such as yoga running general fitness and dance-inspired apparel for female youth. The Company conducts its business through two channels: corporate-owned stores and direct to consumer. The Company markets its athletic apparel under the lululemon athletica and ivivva athletica brand names. As of February 1 2015 the Company’s retail footprint included 211 stores in the United States 57 stores in Canada 26 stores in Australia five in New Zealand two in the United Kingdom and one in Singapore. The Company’s retail stores are located primarily on street locations in lifestyle centers and in malls.

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