Lululemon Continues To See Significant Weakness After Initial Drop

(NASDAQ:LULU) opened at 66.30 on Thursday. Zacks Investment Research upgraded shares of Lululemon Athletica inc. from a "sell" rating to a "hold" rating in a research note on Tuesday, December 6th.

Analysts at Wedbush maintain an Outperform rating on Lululemon's stock with a price target lowered to $64 from a previous $81. (LULU) is projected at 18.8 percent in the Current Quarter and 30 percent in the Next Quarter, according to analysts. Annual EPS Growth of past 5 years is 17.40%. Lululemon is now down by 23 percent after hitting its lowest intraday level in over a year. Robert W. Baird restated a buy rating on shares of Lululemon Athletica inc.in a research note on Wednesday, January 11th. (NASDAQ:LULU) on Friday, September 2 with "Hold" rating. Tru Co Of Vermont invested in 0.05% or 8,592 shares. Lululemon Athletica inc. The company earned $789 million during the quarter, compared to analyst estimates of $783.32 million. The High end of the Estimate is $573.8 Million, while the Low end of the Estimate is $532.8 Million. During the same period past year, the company earned $0.85 earnings per share.

Currently, Walt Disney Company (The) Commo has a price to earnings ratio of 20.324.

Reporting a potential upside of 0.51%, Telsey Advisory Group lowered the target price of Lululemon Athletica Inc. Highest potential price target is expected at $92.00 however minimum price target advised by analysts is $44.00.

Lululemon Athletica inc. (NASDAQ:LULU) issued an update on its FY18 earnings guidance on Wednesday morning. The company has market cap of $7.40 billion. Lululemon Athletica Inc. has recorded a 50-day average of $65.30 and a two hundred day average of $63.10.

The entire athletic sector has been under pressure in recent months, and LULU has been no exception.

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Relative Strength Index (RSI) was 58.99.

They downgraded the stock to neutral, saying they'd rather "step to the sidelines until visibility improves".

Citi lowered its recommendation to "neutral" from "buy" and Susquehanna cut its rating to "neutral" from "positive". This is based on a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Centene Corp. (CNC) jumped 10.15 percent over the past one year, while it rose 24.28 percent year to date (YTD). Cetera Advisors LLC now owns 3,786 shares of the apparel retailer's stock worth $229,000 after buying an additional 149 shares during the period. Share performance for the month is now at 1.59%.

Downward dog: Shares in sports apparel firm Lululemon are under strain in extended trading. The Return on Investment (ROI) is at 25.9% while it's Return on Equity (ROE) value stands at 25.2%. The company will post its quarterly results after the market close, with the consensus calling for earnings of $1.01 per share on revenue of $784.7 million.