Investors boost Lululemon holdings despite analyst downgrades; company reports revenue increase.

Institutional investors have increased their holdings in Lululemon Athletica, with some adding shares despite downgrades from analysts who lowered price targets. Despite this, Lululemon reported a 9.1% revenue increase in the latest quarter and beat earnings estimates. The company's stock is valued at $39.29 billion, and analysts have an average target price of $357.13, below Friday’s opening price of $320.01.

November 17, 2024
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