Published: Fri, March 31, 2017
Economy | By Melissa Porter

Buying Lululemon Stock Now Isn't a Stretch

Buying Lululemon Stock Now Isn't a Stretch

Another critical number in evaluating a stock is P/E or the price to earnings ratio.

Several research firms recently weighed in on LULU. $66.97's average target is 28.99% above currents $51.92 stock price.

Among 33 analysts covering Lululemon Athletica Inc. Goldman Sachs Group, Inc.

Lululemon shares have climbed 2 percent since the beginning of the year.

The current consensus rating on Lululemon Athletica inc. Finally, Vetr upgraded Lululemon Athletica inc. from a "strong sell" rating to a "sell" rating and set a $62.03 price target on the stock in a research note on Monday, January 9th. (LULU) where 7 analyst have rated the stock as Strong Buy, 11 analysts said it's a Buy, 15 rated the stock as Hold, 1 analysts reported Underperform and 1 analysts gave their recommendations as Sell. Susquehanna also downgraded the athletic clothing maker to neutral from positive and cut its price target to 57 from 82.

About 39.54 million shares traded or 2096.67% up from the average.

Shares of Lululemon Athletica Inc sank to their lowest in more than a year on Thursday, after the Canadian yogawear apparel maker warned that first-quarter sales would fall.

Revenues rose 12.0% from a year ago to $789 million, also topping analysts' view for $783.32 million.

Additionally, the inventories at the end of fiscal 2016 has increased by 5% to $298.4 million compared to $284.0 million at the end of fiscal 2015 The company has ended the year with 406 stores.

The real story of LULU's latest report was its guidance, however. If you are viewing this story on another publication, it was stolen and reposted in violation of U.S. & global copyright and trademark legislation. It turned negative, as 13 investors sold YRC Worldwide Inc shares while 43 reduced holdings.

ILLEGAL ACTIVITY WARNING: "Lululemon Athletica inc". Institutional investors and hedge funds own 85.19% of the company's stock. Dimensional Fund Advisors LP increased its position in shares of lululemon athletica 0.7% in the second quarter. The difference between the estimated and actual earnings was $0.04 per share. The stock is down -3.75% in this year through last close, and the beta ratio has a value of 1.25.

03/16/2017 - lululemon athletica inc. had its "buy" rating reiterated by analysts at MKM Partners.

The stock showed weekly upbeat performance of 5.54%, which was maintained for the month at 1.59%. Centene Corp. (CNC) has a Return on Assets of 2.9 percent, Return on Equity of 10 percent, while Return on Investment of 6.3 percent.

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