Stock to avoid today: Lululemon Athletica inc.(NASDAQ: LULU)

Stock to avoid today: Lululemon Athletica inc.(NASDAQ: LULU)

Stock to avoid today: Lululemon Athletica inc.(NASDAQ: LULU)

Analyst's mean target price for LULU is $73.81 while analysts mean recommendation is 2.40.

Wall Street's reaction was swift, weighing in with at least two stock downgrades and several price target reductions.

A number of other equities analysts have also issued reports on LULU.

According to Trussell, Lululemon's report shows how hard the retail landscape has become. They now have a United States dollars 45 price target on the stock. Finally, DA Davidson set a $63.00 price objective on shares of Lululemon Athletica inc. and gave the company a hold rating in a research report on Thursday, December 1st. According to tipranks.com, 16 analysts has covered the stock while recommending a "Moderate Buy".

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Since the start of the New Year, Lululemon Athletica Inc. The difference between the estimated and actual earnings was $0.04 per share.

12/12/2016 - lululemon athletica inc. was upgraded to "market perform" by analysts at FBR Capital Markets. Company's distance from 20 day simple moving average is 3.00% and distance from 50-Day simple moving average is 0.60%.

About Lululemon Athletica inc.

Given the selloff that Nike experienced following its quarterly report, we would not suggest a new stock-only position in LULU at this time.

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The company's holiday sales were stronger than for many other retailers, and investors had been optimistic heading into Wednesday's after-hours release of Lululemon's fourth-quarter results, with shares closing 4 percent higher. Lululemon Athletica inc.'s revenue was up 12.0% on a year-over-year basis. The company had Year Ago Sales of $547.95 Million. On average, equities analysts forecast that Lululemon Athletica inc. will post $2.15 EPS for the current fiscal year.

Because it's more of a specialty retailer, whipsawing with fashion hits and misses, Lululemon's shares tend to be pretty volatile. "(LULU) Rating Reiterated by Jefferies Group LLC" was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of global trademark & copyright legislation. The diluted earnings per share for the first quarter are expected to be in the range of $0.25 to $0.27 for the quarter, assuming the 137.3 million diluted weighted-average shares outstanding and a 31.2% tax rate.

During last one month it showed the change of 1.59%.

Laurent Potdevin, lululemon's CEO, stated: "Our third quarter results demonstrated strong execution across all areas of our business as we delivered continued topline momentum, outperformed in gross margin and inflected meaningfully in EPS". The stock soared 3.08 percent over the last 6 months. (NASDAQ:LULU). Hbk Invests Lp holds 0.18% of its portfolio in Lululemon Athletica inc.

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Sei Investments Communications holds 0.04% of its portfolio in Lululemon Athletica inc.

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