The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity.
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The stock price of Lululemon Athletica Inc. dived 20.5% over the last 200 days, and is in strong down trend. The average analysts that follow this company have a “Strong Buy” rating on this stock, according to Zacks Investment Research. The company has a market cap of $6.93 billion.
Shares of Lululemon Athletica (LULU – Get Report) are taking a hit, down 4.57% to $50.10 in pre-market trading on Monday, after FBR Capital downgraded the yoga apparel maker to “underperform” from “market perform” earlier this morning. Year-to-Date the stock performance stands at -14.29%. (NASDAQ:LULU) shares have a short term target price of $67, according to Zacks Research. Seventeen analysts have made estimates for Lululemon Athletica inc.’s earnings. They expect $0.37 EPS, down 11.90% or $0.05 from last year’s $0.42 per share. The business’s quarterly revenue was up 15.9% compared to the same quarter a year ago. The stock presently has an average rating of Buy and an average target price of $66.85. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Lululemon Athletica inc.
In other news, insider Tara Poseley purchased 4,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average price of $53.52 per share, with a total value of $214,080.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The Company offers a range of performance apparel and accessories for women, men and female youth.
Additionally, Anderson reduced his earnings estimate for Lululemon Athletica from $0.86 per share to $0.70 per share in the fourth quarter.
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“We believe overall spending patterns remain healthy for athletic apparel and footwear, even though our Black Friday observations confirm broader challenges related to the warm start to winter (especially for outerwear/boots) and the secular shift toward omni-channel consumption”, Komp said, calling out Nike, Foot Locker (NYSE:FL), gym operator Planet Fitness (NYSE:PLNT) and, to a lesser extent, VF (NYSE:VFC) as his highest-conviction outperform-rated stocks. The Company’s retail stores are located primarily on street locations, in lifestyle centers and in malls.
