Lululemon shares nosedive 17%
02/03/2017 - lululemon athletica inc. was downgraded to " by analysts at KeyBanc.
Analysts, on average, had expected earnings of $1.01 a share on revenue of $783.56 million, according to Thomson Reuters I/B/E/S. Lululemon shares fell more than 15 percent after closing 4 percent higher at $66.30 ahead of the results. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The stock has "Outperform" rating by Robert W. Baird on Friday, September 11.
Looking forward, for the quarter ending Apr-17, 24 analysts have a mean sales target of 552.35 million. There may be many price targets for a single security. USA stock futures are holding around their closing levels from Wednesday afternoon. The company issued revenue guidance of $2.550-2.600 billion, compared to the consensus revenue estimate of $2.62 billion.Lululemon Athletica inc. also updated its Q1 guidance to $0.25-0.27 EPS.
Lululemon Athletica Inc. (LULU) shows its Return on Assets (ROA) value of 20.3 percent, while the Return on Equity (ROE) value is 25.2 percent and Return on Investment (ROI) value stands at 25.9 percent. Lululemon Athletica inc. presently has an average rating of Buy and an average price target of $72.42. Buckingham Research started coverage on shares of Lululemon Athletica inc.in a research report on Tuesday, November 29th. Fidelity Management and Research Company is the second biggest holder with 19 million shares now valued at 1.16 B million whilst Capital Research Global Investors has 12 million shares valued at 838.27 million. (NASDAQ:LULU). Cambridge Investment Rech Advisors invested in 0.01% or 5,564 shares. Moreover, Victory Cap Management Inc has 0.16% invested in Lululemon Athletica inc.
About 39.64M shares traded or 2102.22% up from the average.
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The current consensus rating on Lululemon Athletica inc. Susquehanna Bancshares Inc restated a buy rating and issued a $77.00 target price on shares of Lululemon Athletica inc.in a research note on Thursday, December 1st.
Shares of ILG, Inc. Van ECK Associates Corp now owns 1,609 shares of the apparel retailer's stock valued at $105,000 after buying an additional 46 shares in the last quarter. It turned negative, as 51 investors sold Lululemon Athletica inc. shares while 108 reduced holdings. Norges Bank acquired a new stake in shares of Lululemon Athletica inc. during the fourth quarter worth approximately $78,954,000.
"Admittedly the overall sales gain was slightly softer than that posted during the prior quarter, but this is mostly a function of a more challenging prior year comparative", said GlobalData Retail managing director Neil Saunders in an email. The Firm offers a line of apparel and accessories for women, men and female youth.
Lululemon Athletica Inc. (LULU) is now showing its ROA (Return on Assets) of 20.3%.
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