Lululemon Athletica inc. (NASDAQ:LULU) announced that former Nike executive Gina Warren has been named as Executive Vice President, Culture & Talent, effective February 1, 2016. She will report to the Company’s Chief Executive Officer, Laurent Potdevin, and will lead the team that is responsible for all people practices including health and wealth, recruitment, and learning and development for all retail and support functions.
“Our people are the very core of lululemon and when they are inspired and empowered, they in turn inspire and empower their communities around the world,” said lululemon’s CEO, Laurent Potdevin. “I am thrilled to welcome Gina, who will work hand-in-hand with our people globally. A true visionary with an exceptional track record that speaks for itself, Gina is joining us to drive our culture and people forward, and attract and develop incredible talent as we continue to shape a workplace that most people only dream of.”
Ms. Warren led Nike’s Global Diversity & Inclusion team from 2002 to 2014. During that time she initiated inaugural Global Cultural Assessments, helped establish the Global Women’s Leadership Council, launched women’s leadership conferences and oversaw the Company’s employee resource networks. From 1999 to 2002, Ms. Warren served as director of Nike Global Community Affairs and the Nike Foundation. Prior to that she directed community relations for Levi Strauss and Co. and its foundation, and worked for AT&T and its foundation in community relations, human resources and other capacities.
“Culture is created by what people say, what they do and how they make decisions,” saidGina Warren, “I believe that lululemon is a place of possibility, which puts people at the core. Guided by our shared values of “love” and “mindfulness”, I am excited to be taking this next step and look forward to working closely with the global team to support and enhance lululemon’s unique culture.”
Ms. Warren holds a bachelor’s and master’s degrees in education from Arizona State University. Inspired by design and music, the Portland, Oregon resident looks forward to relocating to Vancouver where she’ll officially begin life in luon. (Original Source)
Shares of Lululemon Athletica closed today at $44.09, down $1.15 or 2.54%. LULU has a 1-year high of $70 and a 1-year low of $43.14. The stock’s 50-day moving average is $50.68 and its 200-day moving average is $59.55.
On the ratings front, Lululemon has been the subject of a number of recent research reports. In a report issued on October 22, UBS analyst Michael Binetti maintained a Hold rating on LULU, with a price target of $55, which represents a potential upside of 22.2% from where the stock is currently trading. Separately, on the same day, Canaccord Genuity’s Camilo Lyon reiterated a Hold rating on the stock and has a price target of $54.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Michael Binetti and Camilo Lyon have a total average return of 12.0% and -3.2% respectively. Binetti has a success rate of 63.1% and is ranked #346 out of 3847 analysts, while Lyon has a success rate of 38.7% and is ranked #3487.
The street is mostly Bullish on LULU stock. Out of 18 analysts who cover the stock, 10 suggest a Buy rating , 6 suggest a Hold and 2 recommend to Sell the stock. The 12-month average price target assigned to the stock is $64.43, which implies an upside of 43.2% from current levels.
Lululemon Athletica Inc is a designer and retailer of technical athletic apparel operating in North America and Australia. Its yoga-inspired apparel is marketed under the lululemon athletica and ivivva athletica brand names.