Company Update (NASDAQ:LULU): Lululemon Athletica inc. Promotes Celeste Burgoyne to Executive Vice President, Retail, Americas


Lululemon Athletica inc. (NASDAQ:LULU) announced the promotion of Celeste Burgoyne to Executive Vice President (EVP), Retail, Americas, effective immediately. She continues to report to the Company’s CEO, Laurent Potdevin, and will be responsible for continuing to lead the Americas retail organization.

“Celeste is a powerful leader who embodies our culture, values and consistently delivers exceptional results through her experience, passion and deep knowledge of our operations across the Americas,” said lululemon’s CEO, Laurent Potdevin. “The Americas is our largest operation and remains a critical part of our future. I know Celeste’s leadership will ensure a laser focus on expanding our footprint, exploring new formats and creating new and engaging ways to connect with our guests.”

Ms. Burgoyne has been with lululemon since 2006 and most recently served as Senior Vice President, Retail, North America where she was responsible for overseeing all Canadian and U.S. Retail. Prior to that, she held the positions of Vice President of Store Operations and General Manager or U.S. Operations. Celeste started her career with Abercrombie & Fitch, where she held various positions during her ten years with the company, including most recently, Senior Director of Stores.

“With over a decade at lululemon, I am honoured to have the opportunity to continue leading our amazing teams into our next chapter in the Americas,” said Celeste Burgoyne, EVP, Retail, Americas. “I am as committed as the day I joined to the concept that our stores and our retail team are the heart of this business and the magic which fuels our success. Through constantly challenging ourselves to push boundaries, I am continually inspired by our team’s ability to elevate the guest experience as we bring product to life and drive deeper more powerful connections within the communities we serve. Together as a team, there is so much exciting opportunity ahead of us.”

Ms. Burgoyne holds a Bachelor of Arts from the University of San Diego in 1996. An avid runner, road rider and yogi, Celeste and her two young boys are delighted to call Vancouver home with frequent visits to Whistler for all their snowy pursuits. (Original Source)

Shares of Lululemon Athletica closed last Friday at $69.30, up $0.46 or 0.67%. LULU has a 1-year high of $81.81 and a 1-year low of $45.87. The stock’s 50-day moving average is $57.72 and its 200-day moving average is $67.35.

On the ratings front, LULU stock has been the subject of a number of recent research reports. In a report released, FBR analyst Susan Anderson upgraded LULU to Hold, with a price target of $67, which represents a slight downside potential from current levels. Separately, on December 9, D.A. Davidson’s Andrew Burns reiterated a Hold rating on the stock and has a price target of $75.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Susan Anderson and Andrew Burns have a yearly average return of 3.6% and a loss of -0.2% respectively. Anderson has a success rate of 51% and is ranked #1084 out of 4273 analysts, while Burns has a success rate of 45% and is ranked #2902.

Overall, 2 research analysts have rated the stock with a Sell rating, 6 research analysts have assigned a Hold rating and 9 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $77.11 which is 11.3% above where the stock closed last Friday.

lululemon athletica, inc. designs and retails athletic apparels primarily in North America and Australia. It offers a comprehensive line of apparel and accessories, including fitness pants, shorts, tops and jackets designed for athletic pursuits such as yoga, running and general fitness. The company operates through corporate owned stores and direct to consumer segments. Its yoga-inspired apparel is marketed under the Lululemon Athletica brand name.