Lululemon shares nosedive 17% because its spring leggings are boring

31 March 2017, 01:52 | Andres Norman

Lululemon shares nosedive 17% because its spring leggings are boring

Lululemon

Analysts mean target price for Scorpio Tankers Inc.

The company now expects net income to be between 25 cents and 27 cents a share during the quarter, also missing Wall Street's consensus forecast of 39 cents a share, according to Thomson Reuters. Excluding certain items, earnings came in at $1, missing analyst estimates of $1.01 per share. On Thursday, December 10 the stock rating was maintained by Topeka Capital Markets with "Buy".

On the books, cash and cash equivalents totaled $734.85 million at the end of the quarter, versus $501.48 million in the same period a year ago. Credit Suisse Group AG lowered Lululemon Athletica inc. from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $76.00 to $53.00 in a research note on Sunday, December 4th. (LULU) to Buy with a price target of $78.

While monitoring stock technicals is important, most investors are more concerned with where the stock might be going now.

Session activity on Lululemon Athletica Inc.(NASDAQ:LULU) stock is placing it on today's most active list. 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. On Tuesday, November 29 the stock rating was initiated by Buckingham Research with "Neutral". By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. (NASDAQ:LULU) traded up 1.66% during midday trading on Tuesday, reaching $64.74. Moreover, Victory Cap Management Inc has 0.16% invested in Lululemon Athletica inc.

Trump rubbishes Russian link, urges HIC to probe Hillary-Bill deal
Hillary Clinton was then serving as the secretary of state and was a part of the panel that approved the deal in 2015. However, the Times noted, "those contributions were not publicly disclosed by the Clintons, despite an agreement Mrs.

Japan's Aso: No G20 member was against free trade
The AP reports that Wolfgang Schaeuble, Germany's finance minister, suggested there had been tension during the two-day meeting. Protectionism can include border tariffs and rules that favour a country's businesses over those in another economy.

Fox News criticized for 'news alert' about Trump's weekend
Also odd was President Trump's tweet Saturday night to his supporters to watch Judge Jeanine Pirro's show . If he were to continue at this pace, Trump would play golf approximately 300 times in his four-year term.

Lululemon Athletica Inc. issued a weak outlook for the current quarter, blaming spring clothing that wasn't colorful enough to entice shoppers to its website or stores. The current share price indicate that stock is -26.05% away from its one year high and is moving 31.16% ahead of its 52-week low. Lululemon Athletica Inc. had 90 analyst reports since August 18, 2015 according to SRatingsIntel. Edge Wealth Limited Com invested 0% of its portfolio in Lululemon Athletica inc.

After gapping open sharply lower, shares of Lululemon (LULU) continue to see significant weakness in afternoon trading on Thursday.

Comparable store sales ("comps") rose 6% from past year, which was in-line with what the company had guided for. The Firm offers a line of apparel and accessories for women, men and 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. Finally, JW Asset Management LLC acquired a new stake in shares of Lululemon Athletica inc. during the fourth quarter worth approximately $650,000.



Other News

Trending Now

Is Russia Funding 'France's Trump' Marine Le Pen's Presidential Campaign?
Ludovic de Danne, Ms Le Pen's global advisor who took part in the meeting with Mr Putin, said: "He wished her good luck". He also appeared to disavow suspicions that the Russian government had interfered in the French elections.

Ottawa County ranked healthiest county in MI again
Partridge said the statistics, while not offering all the answers, prove that "place does matter" in determining one's health. Accidental drug overdose, homicides and motor vehicle crashes appear to be huge factors in these deaths.

Saints coach Payton: Team not looking to bring in Manziel
And so I met him and had breakfast at the Super Bowl. "It made sense to me to get to know him a little bit". The Saints won't sign Butler to an offer sheet and risk losing the 11th overall pick in the draft.

All eyes on Trump, Ryan relationship after health care defeat
President Trump was less happy with the Freedom Caucus , a group of Republicans who successfully killed the health bill. There are many reasons the Republicans' health proposal failed (beyond the fact that it was an bad mess of a bill).

Amazon tests grocery pickup service in Seattle
AmazonFresh Pickup is now available in the Seattle SODO and Ballard areas and will totally revolutionize your shopping experience. Once the beta program is over, Prime customers will be able to use AmazonFresh Pickup for free and as many times as they'd like.

Trump's Treasury Secretary Says Increased Automation Is "Not Even on Our Radar"
Mnuchin's comments came the same day PricewaterhouseCoopers released a report on automation's impact on jobs in the United Kingdom .

European Union approves Dow-DuPont merger pending divestitures
The companies earned the approval by agreeing to sell substantial assets, including key research and development activities. The companies would focus on agriculture, material science, and the production and sale of specialty products.

Google unveils Android O with developer preview
In total, Google said 0.71 percent of all Android devices had a potentially harmful app (PHA) installed at the end of 2016. Where it differs is in the AI department, making more extensive use of Google's AI algorithms than Google Now.

NCAA Men's Basketball Gonzaga
Luke Maye recorded his first career double-double with 16 points and 12 rebounds, helping fuel a quick start for Carolina (30-7). Gonzaga limited its four NCAA Tournament opponents to 33.7 percent shooting. "What he had to say for us, that we could do it".

Man suspected of threatening US Jewish centres, schools arrested in Israel
Police spokeswoman Louba Samri said the suspect was "a resident of the south (of Israel) from the Jewish community". The Anti-Defamation League said there have been 165 bomb threats in the United States and Canada this year.