Lululemon Continues To See Significant Weakness After Initial Drop

Lululemon
Lululemon Continues To See Significant Weakness After Initial Drop
Author

31 March, 2017

(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.

ISS spacewalk to see Nasa astronauts step out of space station
The cloth bundle floated away Thursday midway through a spacewalk by Peggy Whitson and Shane Kimbrough (KIM-broh). It will serve as a parking spot for commercial crew capsules under development by SpaceX and Boeing.

Blind sacked as Dutch coach after shock loss
Assistant Fred Grim temporarily takes over on Tuesday in the friendly against Italy in Amsterdam . "There was a lot wrong", Robben said.

Kevin Moran: I would take an Ireland draw against Wales
Allen was one of few Wales players to stand out and he continues to be the star player of the World Cup qualifying campaign. Needless to say, Taylor received the straight red card from referee Nicola Rizzoli for his awful challenge.

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.


More news


  • NBC will air 2018 Winter Olympics live in all time zones

    NBC will air 2018 Winter Olympics live in all time zones

    Lovinger said NBCU's deal with Snapchat was struck too close to the Rio Games to fully capitalize on advertising opportunities. Primetime will start at 5 p.m., and late-night (being titled Primetime Plus ) will begin at approximately 9:30 p.m.

    Washington state leaders react after health care bill pulled

    Compounding the problem is the contention that President Trump and the Republicans have no realistic replacement alternative. The health care act sought to repeal the Affordable Care Act, or Obamacare.

    Carrie Fisher and Debbie Reynolds: Fans to say goodbye at public service

    If you had told me this story and I wasn't there, I would have a very hard time believing what I saw. A day later, her mother, Reynolds - who was 84-years-old - died following a "severe stroke'".
  • Ghost in the Shell Review: Visually Astonishing, But Not Much Else

    Director Rupert Sanders ( Snow White and the Huntsman ) has crafted a special effects wonder that will melt your eyeballs. While in the future she may run for office, the actress says that she doesn't have the time right now.

    Fact check: Trump overlooks his Obamacare promise

    Trump told the GOP on Thursday that the House had to vote on the new bill today or he would leave Obamacare in place. Trump told reporters Friday that he would be "open to it" if Democrats wanted to work on a bipartisan measure.
    Facebook app update adds 'Stories' feature to rival Snapchat

    Facebook app update adds 'Stories' feature to rival Snapchat

    One of the camera effects in this new feature will be the ability to morph someone in a picture into a cartoon Minion. With this new update, users will see rounded profile pictures at the top of their Facebook application.
  • Ford recalls 570K vehicles for fire risk, door latch trouble

    Ford recalls 570K vehicles for fire risk, door latch trouble

    A "pawl", or catch, in the door latch can break and either stop doors from closing or cause them to open while cars are moving. About 208,584 of the affected vehicles are in the USA and federalized territories, 21,854 are in Canada and 318 are in Mexico.
    After 'Bizarre' Moves, What's Next For Fractured House Intel Committee?

    After 'Bizarre' Moves, What's Next For Fractured House Intel Committee?

    He held his press conference on Wednesday to make the vague announcements, which he was later forced to walk back . A House Intelligence Committee hearing on Monday heard two bombshells dropped in testimony.
    Google Unveils Android O Developer Preview, With Improved Battery Life

    Google Unveils Android O Developer Preview, With Improved Battery Life

    The latest update for Android 7.1.2 Nougat beta comes with a new multitasking user interface added to the Pixel C device. Google's tried to improve this by naming and shaming companies who were being slow, but that didn't do much in the end.
  • UN secretary-general starts official visit to Iraq

    The Marshall Plan was a major USA effort to help Western Europe recover from the devastation it suffered in World War II. The U.N. chief also plans to meet leaders in Iraq's northern semi-autonomous Kurdish region.

    National Football League owners approve Raiders move to Las Vegas

    The disgust reached new heights Tuesday when the Raiders sent an email to season ticket holders promoting the move to Sin City. I wouldn't attend a game. "No way I would pay my way to attend a game".

    Amazon tests grocery pickup service in Seattle

    Groups within Amazon are often encouraged to come up with zany initiatives, of which many are shelved after further discussion. NYT report adds Amazon's first grocery store will open in Bengaluru, and it quotes a person familiar with the plans.