For its third fiscal quarter (ending October 31), Lululemon Athletica Inc (NASDAQ: LULU) has reported a -2% decline in E.P.S. from $2.00 a year ago to $1.97 in the current quarter. E.P.S. were $7.88 for the latest four quarters through October 31 versus $9.12 for the same period a year ago — a decline of -14%.
Recent Price Action
On 12/7/23, Lululemon Athletica Inc (NASDAQ: LULU) stock rose modestly by 0.9%, closing at $464.67. Moreover, this advance was accompanied by above average trading volume at 143% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.0% during the last week.
Current PriceTarget Research Rating
LULU is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Lululemon Athletica has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Lululemon Athletica has a poor Appreciation Score of 23 but a very high Power Rating of 85, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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