Stock to avoid today: Lululemon Athletica inc.(NASDAQ: LULU)
- Author: Tracy Ferguson Apr 01, 2017,
Apr 01, 2017, 0:53
During the same period in the previous year, the business posted $0.85 earnings per share.
Neil Saunders, managing director of GlobalData Retail, said Lululemon had a strong showing last year but he sees a mixed outlook in the year ahead as competition in the athletic wear industry heats up.
Among 5 analysts covering Chefs' Warehouse (NASDAQ:CHEF), 3 have Buy rating, 0 Sell and 2 Hold.
Same-store sales rose by 6%, topping analysts' forecast for 5.3% growth.
Several sell side analysts reviewed their recommendations on Lululemon Athletica Inc.
EPS growth in next year is estimated to reach 19.36% while EPS growth estimate for this year is set at 14.20%.
Along with these its year to date performance is standing at 2.02%.
A number of analysts offered their Estimated Earnings analysis for Lululemon Athletica Inc.
Lululemon Athletica Inc. (LULU) is now showing its ROA (Return on Assets) of 20.3%. 28 analysts projected on average Earnings. Vanguard Gp has 7.35M shares for 0.03% of their portfolio. The firm earned $789 million during the quarter, compared to analyst estimates of $783.32 million.
Recently analysts working for numerous investment brokerages have updated their research report ratings and price targets on shares of lululemon athletica inc. Jefferies Group LLC's price target would indicate a potential downside of 3.47% from the stock's current price. 31 Analysts think that the Price Target for Lululemon Athletica Inc. (NDAQ:LULU) bumped up the target price from $0.00 to $64.00 that suggested an upside of 0.01%.
The steep drop in Lululemon Athletica's LULU.O stock price, following a sales warning that resulted from poor color choices in the company's spring collection, turns the spotlight on slowing growth in the athleisure category pioneered by the Canadian yogawear retailer. Shares were headed for their lowest close since December 2015, and their largest percentage decrease in 8 years. Lululemon Athletica inc. has a 52-week low of $54.00 and a 52-week high of $81.81. The stock hit its 52-Week High on Aug 25, 2016 and 52-Week Low on Oct 25, 2016.
Lululemon said the negative foreign currency impact was 2 cents higher than previously estimated. The company's P/E is 30.99 and Forward P/E ratio is 24.77.
Mizuho Upgrades Lululemon Athletica Inc. Reserach firms may use alternate terminology for their Sell, Buy, or Hold ratings. There may be many price targets for a single security.
Financial stocks clawed back some of the losses from earlier in the week, and the Financial Select Sector SPDR ETF (NYSEMKT: XLF) beat the broader market with a 1.3% increase.
The stock is now trading at a distance of 2.32% from SMA-20.
The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent.
Lululemon LULU, -23.41% late Wednesday reported fourth-quarter earnings that were below Wall Street expectations and sales that were slightly above forecast.