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


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.

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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.

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