Lululemon Athletica Names Creative Director
LULU has been the topic of a number of other research reports. Also, Sib Llc have 6.54% of their USA equity exposure invested in the company for 138,281 shares. While Lululemon was distracted by its quality issues and the indiscreet remarks by its founder, retailers from small yoga purveyors to large companies like Target and Dick’s Sporting Goods have entered the athleisure space it created to offer a wide range of sports-leisure apparel at sometimes significantly more attractive price points. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Jefferies Group reaffirmed a hold rating and issued a $65.00 price objective on shares of Lululemon Athletica inc.in a research report on Tuesday, June 23rd.
Separately, TheStreet Ratings team rates LULULEMON ATHLETICA INC as a Hold with a ratings score of C+. The ratio is positive, as 37 funds sold all Lululemon Athletica inc. shares owned while 114 reduced positions. The firm’s 50 day moving average price is $54.44 and its 200-day moving average price is $61.82. Finally, MKM Partners assumed coverage on shares of Lululemon Athletica inc.in a research note on Thursday, September 17th.
In other news, insider Tara Poseley acquired 4,000 shares of Lululemon Athletica inc. stock in a transaction dated Monday, September 21st. The shares were purchased at an average price of $53.52 per share, with a total value of $214,080.00. They set a “buy” rating and a $69.00 target price for the company.
Lululemon Athletica Inc (LULU.O) said on Wednesday that its chief product officer is leaving after just two years with the premium yogawear retailer, which has struggled in recent months with narrowing margins and supply-chain hiccups. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Lululemon Athletica inc. The business had revenue of $453 million for the quarter, compared to the consensus estimate 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. During the same period a year ago, the firm posted $0.33 earnings per share. On average, equities research analysts anticipate that Lululemon Athletica inc. will post $1.91 earnings per share for the current fiscal year.
Holman was formerly senior vice-president of the company’s women’s line. 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 has a 10-year vision to keep in mind and it seems that maintaining its previous leadership structure was not the best way to achieve it. According to Lululemon Chief Executive Officer Laurent Potdevin, the company and its brand needs to continuously stand out across markets worldwide in a category they themselves created.