Lululemon Athletica (LULU) Falls on Lower Price Target, Stock Rating

They set a buy rating and a $69.00 target price on the stock. The financial company now has $42.00 TP on company, suggesting -20.00 % downside potential. (NASDAQ:LULU) from a market perform rating to an underperform rating in a research report report published on Monday, The Fly reports. Wolfe Research started coverage on Lululemon Athletica inc.in a research note on Monday, August 17th. Underperform rating was given by “0” analysts.

Separately, TheStreet Ratings team rates LULULEMON ATHLETICA INC as a Hold with a ratings score of C+. Morgan Stanley raised Lululemon Athletica inc. from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $56.00 to $68.00 in a research report on Monday, September 21st. The company’s 50 day moving average price is $50.24 and its 200-day moving average price is $58.72. Yahoo.com and their article: “lululemon athletica inc”. Conversely, a declining trend can signal to investors that a company is in trouble, which can lead to a decline in the stock price. Stock Fell 20.9% in September” with publication date: “October 10, 2015. During the most recent trading session the minimum price at which share price traded, recorded at $131.64 and hit to max level of $134.19. Wall Street analysts are expecting the company to deliver earnings of $0.37 per share on $481.78 million in revenue for the quarter.

Based on her observation, Anderson reduced her gross margin estimate for Lululemon Athletica in the fourth quarter to -290 bps. She reached the conclusion after finding the number of clearance racks at Lululemon stores had almost doubled since a year ago and that markdowns were deeper as well. The net result was for 2 transactions, worth $458,940. The Company offers a range of performance 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, general fitness and dance-inspired apparel for female youth.

Lululemon Athletica Inc. has lost 2.96% in the last five trading days and dropped 1.99% in the last 4 weeks.Lululemon Athletica Inc. has dropped 25.29% during the last 3-month period. A total of 4,000 shares were purchased at a price of $53.51 per share. There are now 140,543,200 shares in issue with the average daily volume traded being 3,225,295. The 52-week low of the share price is $43.14.