"The magnitude of the trend reversal for Lululemon was surprising", wrote Evercore ISI analyst Omar Saad in a research note. Earnings are expected to be in the range of $0.25 to $0.27 a share for the quarter. Its per-share earnings were 99 cents, slightly below Wall Street's expectations of $1.01, according to analysts polled by FactSet. That compares with $117.4 million, or 85 cents per share, a year earlier.
Looking forward, for the quarter ending Apr-17, 24 analysts have a mean sales target of 552.35 million. (LULU) to Buy with a price target of $78. The Georgia-based Decatur Capital Management Inc. has invested 1.83% in the stock. Tracking the stock price in relation to moving averages may provide enhanced perspective on stock performance. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty have assigned a buy rating to the stock.
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".
Price Target plays a critical role when it comes to the Analysis of a Stock. Wolfe Research maintained Lululemon Athletica inc. (NASDAQ:LULU) has "Sector Weight" rating given on Friday, February 3 by KeyBanc Capital Markets.
On 29 March 2017, Hewlett Packard Enterprise Company (NYSE:HPE) shares moved to $23.67 after starting the day at $23.00. Share performance for the month is now at 1.59%.
According to Trussell, Lululemon's report shows how hard the retail landscape has become.
Among 5 analysts covering Chefs' Warehouse (NASDAQ:CHEF), 3 have Buy rating, 0 Sell and 2 Hold. Moreover, Hsbc Hldgs Public Ltd Company has 0% invested in Lululemon Athletica inc.
Company shares have been seen trading -37.84% off of the 52 week high and -5.83% away from the 52 week low.
Comparable store sales ("comps") rose 6% from a year ago, which was in-line with what the company had guided for. The Company offers a line of apparel and accessories for women, men and female youth. It turned negative, as 51 investors sold Lululemon Athletica inc. shares while 108 reduced holdings.
Its apparel assortment includes items, such as trousers, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth. Its apparel assortment includes items, such as trousers, shorts, tops and jackets designed for healthy lifestyle activities and athletic pursuits, such as yoga, running, other sweaty pursuits and athletic wear for female youth.
ConocoPhillips (COP) was upgraded Thursday after announcing asset sales late Wednesday and Lululemon Athletica (LULU) was downgraded after posting weak fourth-quarter results late Wednesday.