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HSBC Initiates Coverage of Lululemon Athletica (LULU) with Buy Recommendation

James TaylorBy Updated:No Comments3 Mins Read

Fintel reports that on September 18, 2023, HSBC initiated coverage of Lululemon Athletica (NASDAQ:LULU) with a Buy recommendation.

Analyst Price Forecast Suggests 9.91% 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 9.91% from its latest reported closing price of 389.93.

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

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 1847 funds or institutions reporting positions in Lululemon Athletica. This is a decrease of 51 owner(s) or 2.69% in the last quarter. Average portfolio weight of all funds dedicated to LULU is 0.39%, a decrease of 14.82%. Total shares owned by institutions decreased in the last three months by 0.64% to 122,014K shares. The put/call ratio of LULU is 1.27, indicating a bearish outlook.

What are Other Shareholders Doing?

LULU / Lululemon Athletica inc. Shares Held by Institutions

Jennison Associates holds 4,781K shares representing 3.78% ownership of the company. In its 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 3.71% ownership of the company. In its 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 2.86% ownership of the company. In its 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 2.49% ownership of the company. In its 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 2.06% ownership of the company. In its 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.

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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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A writer and finance enthusiast who loves diving into the exciting world of stocks, commodities, forex, and crypto. I'm all about making the financial markets less intimidating and more accessible, so I write engaging content that simplifies complex concepts and shares practical investment strategies. Whether you're a seasoned investor or just getting started, I've got your back! But hey, life isn't all about work, right? On weekends, you'll find me hanging out and having a blast with my awesome friends and family. We love bonding over shared interests, trying out new adventures, and simply enjoying each other's company. Striking that balance between work and play is super important to me, because what's the point of success if you can't share it with the people you love? So, if you're up for some financial market insights and a good dose of weekend fun, stick around! Together, we'll navigate the money world and make the most of our time off. Let's learn, grow, and create memories along the way!

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