December 8, 2016 / 2:56 PM / in a year

BUZZ-Lululemon Athletica Inc: Biggest pct gain in more than 8 yrs

** Shares of Canadian yogawear maker rise as much as 21.5 pct to $72.70; biggest pct gain in more than 8 years

** Ten brokerages raise PT, 2 upgrade the stock after Q3 results

** Biggest price target increase by Evercore, raises to $80 from $50; Median PT $72

** Evercore raises to “buy” from “sell”, Mizuho to “buy” from “neutral”

** “With a rare combination of comp gains, store growth, and margin expansion, we expect the stock to trade at a premium valuation and outperform the softlines group,” Mizuho analysts write in a note

** Total sales rise 7 pct, beating analysts’ average estimate of 5.4 pct, according to Consensus Metrix; Q3 gross margin rises to 51.1 pct

** 2.9 mln shares trades, 1.3 times its 30 day avg

** Up to Wednesday’s close, shares had risen 14.1 pct YTD

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