Benjamin F. Edwards & Company Inc. significantly increased its stake in Lululemon Athletica Inc., while BTIG Research initiated coverage with a buy rating and $425 price target.
Stock AI’s forecasts:
🟢 +1.2% short-term
🟢 +5.4% long-term
Stock AI’s (LULU) Forecast get (+25.3% Profit)
StockAI’s analysis delivers real-world results. On 28 February 2024, $LULU ($470.74), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $351.6 (🔴-25.3%). Selling LULU on this signal yielded a +25.3% profit 💰💰.
LULU-Lululemon Athletica Inc. News
🟢 Benjamin F. Edwards & Company Inc. grew its stake in Lululemon Athletica Inc. by 736.1% during the fourth quarter. The fund owned 1,898 shares of the stock after acquiring an additional amount.
🔴 BTIG Research began coverage on shares of Lululemon Athletica, issuing a buy rating and a $425.00 price objective on the stock.
🔴 Victory Capital Management Inc. lowered its holdings in Lululemon Athletica by 11.2% during the 4th quarter.
🔴 Citizens Financial Group Inc. RI lessened its holdings in Lululemon Athletica by 33.6% during the fourth quarter.
🔴 Lululemon Athletica had its price target cut by investment analysts at Wedbush from $492.00 to $397.00.
🔴 Lululemon Athletica had its target price reduced by Sanford C. Bernstein from $384.00 to $376.00.
The recent news surrounding Lululemon Athletica Inc. stock has been a mix of positive and negative developments. While some analysts have initiated coverage with a buy rating and higher price targets, others have lowered their price targets for the stock. Additionally, there have been significant changes in institutional holdings of the company’s stock.
These developments can have both short-term and long-term effects on the price of Lululemon stock. Positive news such as increased stake by Benjamin F. Edwards & Company Inc. and buy ratings from analysts could potentially lead to a short-term price increase. However, negative news like lowered price targets and decreased holdings by institutions may result in a short-term price decrease.
In the long-term, the overall sentiment towards the stock, influenced by factors such as financial performance and market conditions, will determine the trajectory of Lululemon Athletica Inc. stock price. Investors should closely monitor these developments to make informed decisions about their investment in the company.
LULU-Lululemon Athletica Inc. Analyst Ratings
📈 BTIG Research began coverage on shares of Lululemon Athletica (NASDAQ:LULU) with a buy rating and a $425.00 price target.
📉 Sanford C. Bernstein lowered Lululemon Athletica’s price target from $384.00 to $376.00.
📉 Barclays cut shares of Lululemon Athletica from an overweight rating to an equal weight rating.
Sources:
1. ETFDailyNews – BTIG Research Coverage
2. ETFDailyNews – Sanford C. Bernstein Price Target
3. ETFDailyNews – Barclays Rating Cut
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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