Lululemon (LULU) Looks Good: Stock Adds 6.1% in Session
Lululemon Athletica Inc. LULU was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $294.76–$398.29 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen nine negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Lululemon currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Lululemon Athletica Inc. Price
A better-ranked stock in the Textile - Apparel industry is Crocs, Inc. CROX, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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