Fintel reports that on September 5, 2023, Bernstein upgraded their outlook for Lululemon Athletica (NASDAQ:LULU) from Underperform to Market Perform .
Analyst Price Forecast Suggests 6.03% Upside
As of August 31, 2023, the average one-year price target for Lululemon Athletica is 428.57. The forecasts range from a low of 252.50 to a high of $557.55. The average price target represents an increase of 6.03% from its latest reported closing price of 404.19.
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The projected annual revenue for Lululemon Athletica is 9,276MM, an increase of 4.95%. The projected annual non-GAAP EPS is 11.68.
What is the Fund Sentiment?
There are 1851 funds or institutions reporting positions in Lululemon Athletica. This is a decrease of 47 owner(s) or 2.48% in the last quarter. Average portfolio weight of all funds dedicated to LULU is 0.39%, a decrease of 14.81%. Total shares owned by institutions decreased in the last three months by 2.16% to 122,016K shares. 
The put/call ratio of LULU is 1.21, indicating a bearish outlook.
What are Other Shareholders Doing?
Jennison Associates holds 4,781K shares representing 3.76% ownership of the company. In it's prior filing, the firm reported owning 4,428K shares, representing an increase of 7.39%. The firm decreased its portfolio allocation in LULU by 0.15% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 4,696K shares representing 3.70% ownership of the company. In it's prior filing, the firm reported owning 4,797K shares, representing a decrease of 2.15%. The firm decreased its portfolio allocation in LULU by 6.54% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,625K shares representing 2.85% ownership of the company. In it's prior filing, the firm reported owning 3,790K shares, representing a decrease of 4.55%. The firm decreased its portfolio allocation in LULU by 8.29% over the last quarter.
Edgewood Management holds 3,149K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 3,008K shares, representing an increase of 4.50%. The firm increased its portfolio allocation in LULU by 3.07% over the last quarter.
Price T Rowe Associates holds 2,601K shares representing 2.05% ownership of the company. In it's prior filing, the firm reported owning 3,595K shares, representing a decrease of 38.20%. The firm increased its portfolio allocation in LULU by 57.93% over the last quarter.
Lululemon Athletica Background Information
(This description is provided by the company.)
lululemon athletica inc.is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, creating transformational products and experiences which enable people to live a life they love. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback.
Additional reading:
- LULULEMON ATHLETICA INC. ANNOUNCES SECOND QUARTER FISCAL 2023 RESULTS Revenue increased 18% to $2.2 billion Comparable sales increased 11%, or increased 13% on a constant dollar basis Diluted EPS of $2.68
- Policy for Recovery of Erroneously Awarded Incentive-Based Compensation
- Form of Non-Qualified Stock Option Agreement
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