lululemon athletica inc. (NASDAQ:LULU).
On September 8 the stock rating was downgraded to “Hold” from “Buy” in a report issued by Jefferies. September 2 investment analysts at Citigroup held the company rating at “Buy” and moved down the price target to $85.00 from $89.00.
On July 29 Citigroup made no change to the company rating of “Buy” and raised the price expectation from $78.00 to $89.00. On June 9 SunTrust Robinson Humphrey kept the company rating at “Buy” but raised the price target to $83.00 from $79.00.
April 4 investment analysts at JP Morgan left the company rating at “Overweight” but moved up the price target from $66.00 to $75.00.
In the market the company is trading down by -1.57 percent from yesterday’s close. Company shares last traded at $63.51 a tad under the 50 day moving average of $72.27 and which is a tad under the 200 day moving average of $69.52. The 50 day moving average went down $-8.76 or -12.12% and the 200 day average moved down $-6.01.
The company’s P/E ratio is 32.59 and market cap is 8.70B. As of the last earnings report the EPS was $1.95 and is projected to be $2.12 for the current year with 137,046,000 shares now outstanding. Next quarter’s EPS is forecasted to be $1.01 and the next full year EPS is anticipated to be $2.51.
Traders are a little more bearish of late if you put credence in the change in short interest. The company recorded a rise in short interest between August 31, 2016 and September 15, 2016 of 0.02%. Short interest increased 343,782 over that timeframe. The days to cover decreased to 3.4 and the percentage of shorted shares was 0.12% on September 15.