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Lululemon nosedives 21%: Its spring leggings are boring

Lululemon nosedives 21%: Its spring leggings are boring

Among 33 analysts covering Lululemon Athletica Inc.

Holiday sales were stronger than for many other retailers, and investors had been optimistic heading into Wednesday's after-hours release of the company's fourth-quarter results, with shares closing 4 percent higher. Analysts expected earnings of $1.01 per share on revenue of $783 million, according to FactSet analysts. During the same period past year the company had earnings of $0.85 on sales of $704.3 million. Oppenheimer Holdings Inc. set a $75.00 target price on shares of Lululemon Athletica inc. and gave the stock a buy rating in a research note on Sunday, March 12th. Buy LULU shares (typically 100 shares, scale as appropriate), while selling the June $62.50 call for a debit of $58.05 per share.

While monitoring stock technicals is important, most investors are more concerned with where the stock might be going now.

Roxanne Meyer of MKM Partners maintains a Buy rating on Lululemon's stock with a price target lowered to $75 from a previous $90.

Lululemon Athletica inc. (NASDAQ:LULU) has insider ownership of 0.29% and institutional ownership of 85.19%. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.94 on scale of 1-5.

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Credit Suisse also lowered its price target for Lululemon from $64 to $56.

Lululemon Athletica inc. had a net margin of 12.60% and a return on equity of 24.32%. They issued a neutral rating and a $55.00 price objective for the company. LULU's value Change from Open was at 3.16% with a Gap of 0.93%. The total market capitalization remained at $9.09 billion.

The number of shares traded in the last trading session was 8.5 Million. Zacks Investment Research raised Lululemon Athletica inc. from a "sell" rating to a "hold" rating in a research note on Monday, November 28th. The consensus target price is $71.39 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. The stock now has a PEG Ratio of 1.990. Moreover, Hsbc Hldgs Public Ltd Company has 0% invested in Lululemon Athletica inc.

And observers say the company faces challenges ahead, with many more stores offering comparable products, and the end of the yoga-pant love affair in sight: "It will have to contend with the saturation of a slowing athleisure market", writes Neil Saunders, managing director of GlobalData Retail, in his commentary. New Hampshire-based Ledyard Bancorporation has invested 0% in Lululemon Athletica inc. The Firm offers a line of apparel and accessories for women, men and female youth.

Sei Investments Communications holds 0.04% of its portfolio in Lululemon Athletica inc.

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