Needham Upgrades Lululemon Athletica (XTRA:33L)

Fintel reports that on January 10, 2025, Needham upgraded their outlook for Lululemon Athletica (XTRA:33L) from Hold to Buy.

Analyst Price Forecast Suggests 1.22% Upside

As of December 23, 2024, the average one-year price target for Lululemon Athletica is 370,83 €/share. The forecasts range from a low of 188,54 € to a high of 484,98 €. The average price target represents an increase of 1.22% from its latest reported closing price of 366,35 € / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Lululemon Athletica is 10,645MM, an increase of 4.55%. The projected annual non-GAAP EPS is 13.64.

What is the Fund Sentiment?

There are 1,954 funds or institutions reporting positions in Lululemon Athletica. This is an decrease of 98 owner(s) or 4.78% in the last quarter. Average portfolio weight of all funds dedicated to 33L is 0.19%, an increase of 22.50%. Total shares owned by institutions decreased in the last three months by 8.60% to 115,309K shares.

What are Other Shareholders Doing?

DE:33L / Lululemon Athletica Inc. Shares Held by Institutions

Alliancebernstein holds 3,826K shares representing 3.28% ownership of the company. In its prior filing, the firm reported owning 2,646K shares , representing an increase of 30.84%. The firm increased its portfolio allocation in 33L by 26.51% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,610K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 3,634K shares , representing a decrease of 0.66%. The firm decreased its portfolio allocation in 33L by 15.24% over the last quarter.

Edgewood Management holds 3,196K shares representing 2.74% ownership of the company. In its prior filing, the firm reported owning 3,233K shares , representing a decrease of 1.15%. The firm decreased its portfolio allocation in 33L by 10.64% over the last quarter.

FDGRX - Fidelity Growth Company Fund holds 3,114K shares representing 2.67% ownership of the company. In its prior filing, the firm reported owning 4,313K shares , representing a decrease of 38.49%. The firm decreased its portfolio allocation in 33L by 42.56% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 3,012K shares representing 2.58% ownership of the company. In its prior filing, the firm reported owning 2,941K shares , representing an increase of 2.36%. The firm decreased its portfolio allocation in 33L by 14.38% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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