Lululemon Athletica Inc. LULU saw a big move last session, as the company's shares fell by nearly 16% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LULU, as the stock is now down almost 18% since May 23, 2014.
The apparel-shoe retailer has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 2 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
LULU currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same industry include, Citi Trends Inc. CTRN, Foot Locker, Inc. FL and The Men's Wearhouse, Inc. MW. While Citi Trends carries a Zacks Rank #1 (Strong Buy), Foot Locker and Men's Wearhouse hold a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
LULULEMON ATHLT LULU: Free Stock Analysis Report
CITI TRENDS INC CTRN: Free Stock Analysis Report
FOOT LOCKER INC FL: Free Stock Analysis Report
MENS WEARHOUSE MW: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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LULU currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same industry include, Citi Trends Inc. CTRN, Foot Locker, Inc. FL and The Men's Wearhouse, Inc. MW. While Citi Trends carries a Zacks Rank #1 (Strong Buy), Foot Locker and Men's Wearhouse hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
LULULEMON ATHLT LULU: Free Stock Analysis Report
CITI TRENDS INC CTRN: Free Stock Analysis Report
FOOT LOCKER INC FL: Free Stock Analysis Report
MENS WEARHOUSE MW: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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