Lululemon athletica (LULU) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

LULU stock chart

LULU stock chart

Lululemon Athletica Inc., best known for its yoga clothing, again raised its forecast for the year, citing momentum in sales as it entered the holiday season. 53 funds opened positions while 89 raised stakes. While reporting Q3 results, the company had expected Q4 revenue to be $4.8 billion, plus or minus $75 million. Only years later has the company been able to reverse the damage those incidents caused, and now, those who follow Lululemon hope that it has put the episode behind it entirely. (NASDAQ:CSCO). Nadler Financial Gp stated it has 0.15% in Cisco Systems, Inc. Parallax Volatility Advisers Lp reported 42,244 shares. Southeast Asset Advisors has invested 0.1% in Cisco Systems, Inc. (NASDAQ:LULU) for 713 shares. Price T Rowe Associate Md has 108,216 shares. (NASDAQ:CSCO). Finance Engines Advsr Ltd Liability has 0% invested in Cisco Systems, Inc. Shareholders shouldn't expect that Lululemon will have put all of its issues behind it for good, but the company is still doing a good job of avoiding some of the pressures that its peers in the athletic apparel space have suffered, and future growth looks likely in fiscal 2018 and beyond. (NASDAQ:LULU). Sumitomo Mitsui Asset Mngmt Com Ltd holds 7,797 shares. (NYSE:P) stake by 2.42M shares and now owns 180,700 shares. Sei Invs Communication holds 21,109 shares.

Lululemon's shares, which closed at $67.66, were up at $72.05 after the bell.

Want to see what other hedge funds are holding LULU? APG Asset Management N.V. increased its position in lululemon athletica by 6.2% during the 3rd quarter.

LULU has been the topic of a number of recent research reports.

Creative Planning accumulated 16,573 shares. RBC Capital's PT suggests a possible downside of -0.98 % from the last stock close price of the company. The Motley Fool recommends Lululemon Athletica. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Therefore 62% are positive. The stock has a consensus rating of "Hold" and an average price target of $65.85. Cisco Systems Inc. had 131 analyst reports since August 4, 2015 according to SRatingsIntel. UBS maintained the stock with "Neutral" rating in Thursday, March 31 report. Lululemon Athletica Inc. (NASDAQ:LULU) has declined 19.33% since December 6, 2016 and is downtrending. (NASDAQ:LULU) has "Outperform" rating given on Wednesday, March 23 by Oppenheimer. Jefferies maintained it with "Hold" rating and $60.0 target in Friday, September 1 report. The stock has "Hold" rating by Deutsche Bank on Thursday, June 9. The firm has "Mkt Perform" rating by Bernstein given on Thursday, December 10. Vetr upgraded lululemon athletica from a "hold" rating to a "buy" rating and set a $63.40 price target on the stock in a research note on Thursday, August 10th. The count of Hold ratings in that period was 1. Citigroup has "Buy" rating and $69 target. The rating was maintained by KeyBanc Capital Markets with "Hold" on Thursday, October 26. The stock increased 1.40% or $0.929 during the last trading session, reaching $67.289. About 29.41 million shares traded or 48.29% up from the average.