Lululemon shares tumble after disappointing sales forecast

In addition the company will have to compete with new entrants like Ivy Park which is a new activewear brand co-founded by Beyoncé in 2016

Analysts at Nomura maintain a Buy rating with a price target lowered to $65 from a previous $72. The price to current year EPS estimates from research analysts now stands at 11.48.

Several other research analysts have also recently weighed in on LULU. Wedbush set a $70.00 target price on shares of Lululemon Athletica inc. and gave the stock a buy rating in a research note on Tuesday, December 6th.

Lululemon Athletica inc. has a one year low of $54.00 and a one year high of $81.81. Buy rating has been given by 5 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 2 analysts given HOLD rating. (NDAQ:LULU) bumped up the target price from $0.00 to $64.00 that suggested an upside of 0.01%. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 32.04.

In looking at where the stock is trading on a technical level, the stock is trading +2.08% away from its 50 day moving average of $7.98.

Lululemon Athletica inc. had a net margin of 12.60% and a return on equity of 24.32%. The apparel retailer reported $1.00 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.01 by $0.01.

Revenue and net income for the quarter ending January 29 were slightly off analyst estimate. Moreover, Gulf Intll Bancorporation (Uk) Ltd has 0.03% invested in Lululemon Athletica inc.

In terms of guidance for the 2017 fiscal year, management has said that it expects EPS in the range of $2.26 to $2.36 and revenues in the range of $2.55 billion to $2.60 billion.

02/02/2017 - lululemon athletica inc. was upgraded to "neutral" by analysts at Goldman Sachs. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & global copyright & trademark laws. The correct version of this piece can be accessed at

Konik also argued that Lululemon's longer-term prospects in mens, kids, global and e-commerce are all factored into the stock's valuation today and investors are advised to "remain on the sidelines until more robust top-line and attractive valuation materializes".

Lululemon also reported mixed fourth quarter earnings on Wednesday. Fny Managed Accounts Ltd Liability Co accumulated 1,000 shares or 0% of the stock.

12/08/2016 - lululemon athletica inc. had its "overweight" rating reiterated by analysts at Barclays. Scotia Capital Inc. purchased a new stake in Lululemon Athletica inc. during the fourth quarter worth $217,000.

Lululemon warned that sales growth would slow this year. Mycio Wealth Partners LLC now owns 1,972 shares of the apparel retailer's stock worth $146,000 after buying an additional 12 shares during the last quarter. (LULU) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Lululemon Athletica Inc.



Latest news

House Intel Dem invited to view documents at White House
The officials spoke on the condition of anonymity to describe the intelligence, and to avoid angering Cohen-Watnick and Ellis. Cohen-Watnick is a former Defense Intelligence Agency official who was originally brought to the White House by Michael T.

'Marine A' Alexander Blackman to be released in weeks
The judges also concluded that Blackman should be dismissed from the service, but not with disgrace. She added: "We would of course like to thank our fantastic legal team for their excellent work".

Facebook Picks up One More Feather from Snapchat, Launches Stories
The app now offers several masks, including sponsored ones by movies, such as Alien: Covenant and Guardians of the Galaxy: Vol 2. Plus, Facebook's camera app will feature guest art from visual artists like Douglas Coupland and Hattie Stewart .

Windows update will bring 3-D, game tools and less clutter
Before, to share live streaming of game play, gamers had to install and activate Beam or a competing service separately. Setting tabs aside is meant to be used for pages that users don't want to bookmark, but don't need immediate access to.

Other news