Lululemon earnings disappoint; shares down 18% after hours

Lululemon Athletica Inc.'s RSI is 43.28. (NASDAQ:LULU) by 23.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Comparatively, growth in the past five years was 2.93 percent (per annum). (LULU) for the current quarter. Finally, Avalon Global Asset Management LLC increased its position in shares of lululemon athletica 6,111.1% in the second quarter.

But Lululemon disappointed investors by saying it expects net revenue of $510 million United States to $515 million USA for the current quarter. Analysts were looking for sales of $552 million and earnings of 39 cents a share. MKM Partners restated a buy rating and issued a $90.00 price target on shares of Lululemon Athletica a research note on Wednesday, January 11th. (The) upgraded lululemon athletica inc. from a "sell" rating to a "neutral" rating and set a $65.00 target price on the stock in a report on Thursday, February 2nd. (NASDAQ:LULU) with a price target of $81.00.

The Vancouver-based retailer also reported a jump in earnings Wednesday but missed analyst estimates by a penny, with profit rising to US99 cents per share, or US$136.1 million in the period ended January 29, compared with earnings of, US85 cents (US$117.4 million) in the same period of 2015. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 30.78. Based on the most recent available data, the equity is -21.00% off of its 52-week high of $81.81 and +19.69% away from its 52-week low which is $54.00.

For the year, the company reported profit of $303.4 million, or $2.21 per share. That's the prevailing question on investors' minds as LULU shares have fallen some 22% from their 52-week high.

On 10/2/2013 John Currie, CFO, sold 20,000 with an average share price of $75.00 per share and the total transaction amounting to $1,500,000.00.

At the moment 35 analysts are watching lululemon athletica inc. The company's Relative strength index is 43.28. 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. The score shows the rating on a scale of 1 to 5, where 1=strong buy and 5=strong sell. Analyst's mean target price for AKRX is $25.70 while analysts mean recommendation is 2.30.

Centene Corp. (CNC) jumped 10.15 percent over the past one year, while it rose 24.28 percent year to date (YTD). The stock has performed 1.19% over the last seven days, -4.14% over the last thirty, and -1.13% over the last three months.

  • Zachary Reyes