Lululemon Stock: Too Cheap to Ignore?
Lululemon Athletica's (NASDAQ: LULU) dismal year just got even worse.
The stock tumbled 18.6% on Sept. 5 after it once again missed estimates and cut its full-year guidance due to weakness in the U.S. as it faces a range of challenges, some short-term and others more structural. The stock is now down 56% this year, a remarkable collapse for what has been one of the best-performing apparel stocks of the last 20 years.
Revenue increased 7% to $2.53 billion in the quarter, slightly below the consensus at $2.54 billion, but nearly all of its growth came from new stores as comparable sales were up just 1% in the period.
Source Fool.com
Lululemon Athletica Inc. Stock
€139.80
-2.250%
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 34 Buy predictions and 5 Sell predictions.
With a target price of 259 € there is a hugely positive potential of 85.26% for Lululemon Athletica Inc. compared to the current price of 139.8 €.
