Why Lululemon Athletica Plunged Today
Shares of Lululemon Athletica (NASDAQ: LULU) plunged on Friday, falling 14.3% as of 11:45 a.m. ET.
Lululemon reported fiscal fourth-quarter earnings last night, and while last quarter's results beat expectations, its guidance disappointed Wall Street. Moreover, the company's CEO mentioned it has seen signs of a cautious consumer, feeding today's worries over tariffs and a spending pullback in U.S. consumers.
In the fiscal fourth quarter ended on Feb. 2, Lululemon reported $3.6 billion in revenue, up 13%, with earnings per share up 16% to $6.14. Both figures came in ahead of expectations.
Source Fool.com
Lululemon Athletica Inc. Stock
€142.20
2.890%
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 33 Buy predictions and 5 Sell predictions.
With a target price of 259 € there is a hugely positive potential of 82.14% for Lululemon Athletica Inc. compared to the current price of 142.2 €.
