Whittier Trust Co. raised its stake in Lululemon Athletica Inc. (NASDAQ:LULU), while Northwest & Ethical Investments L.P. and Blueshift Asset Management LLC also purchased significant shares. The athletic apparel giant has seen significant growth in short interest, while the third quarter of its Fiscal 2024 showed impressive results. Despite a short-term 11% drop amid declining consumer sentiments, analysts from Telsey Advisory Group and others maintained Outperform and Overweight ratings, with Citigroup setting a lowered price target of $330. Presently, Lululemon has achieved its goal of positively impacting 10 million people through a $4M wellbeing initiative. Furthermore, the brand anticipates a surge in Q4, maintaining a robust global appeal, primarily driven by innovation and growing market opportunities. Experts suggest that the brand remains a sensible investment in the apparel sector, despite fluctuations in the consumer discretionary sector.
Lululemon Athletica LULU News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sat, 22 Mar 2025 10:20:02 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor 3
